Alpine 4 Holdings, Inc. (Nasdaq: ALPP), a leading operator and owner of small market businesses announced today that its subsidiary, Vayu Aerospace Corporation (VAYU) and ENSCO have entered into a procurement agreement to acquire the US-1 drone for its operations in the United States. Vayu has developed several use case applications for the Department of Defense, Homeland Security, Border Patrol, and several industrial sectors including rail and energy.
Vayu’s President, TK Eppley commented, “When I was hired 9 months ago, I was tasked with building out a drone production facility. As we sell through our remaining US-1’s, we continue to progress on the development of the US-2 and have created the capabilities to manufacture G1 aircraft faster than ever before. It’s incredibly gratifying to be fulfilling orders and to be doing business with a company of Ensco’s caliber.”
Kent Wilson, CEO of Alpine 4, had this to say, “TK and his team have done a great job professionalizing the airframes Vayu offers. When we hired TK last summer, we made the decision to proactively remove all Chinese electrical components from our drones. This process has led us to a point where we are actively selling our airframes to customers like Ensco and are able to provide airframes to the US government and companies that need a true US manufactured and component sourced product. We congratulate TK and his team for a job well done!”
ENSCO is a provider of engineering, science, and advanced technology equipment for the defense, security, transportation, and aerospace industries.
www.ensco.com
About Alpine 4 Holdings: Alpine 4 Holdings, Inc. (ALPP) is a NASDAQ traded conglomerate that acquires businesses that fit into its disruptive DSF business model of Drivers, Stabilizers, and Facilitators. At Alpine 4, we understand the nature of how technology and innovation can accentuate a business. Our focus is on how the adaptation of new technologies, even in brick-and-mortar businesses, can drive innovation. We also believe that our holdings should benefit synergistically from each other, have the ability to collaborate across varying industries, spawn new ideas, and create fertile ground for competitive advantages.
Four principles at the core of our business are Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards, but also increase value for our shareholders.
Contact: Investor Relations at [email protected]
www.alpine4.com
