Alpine 4 Holdings, Inc. (ALPP) stock has increased to 2.96% in premarket – Learn why?

Alpine 4 Holdings, Inc. (ALPP) has seen a push of 2.96% in the premarket following the announcement that one of the company’s subsidiaries has secured $1.2 Million of new purchase orders. However, the last trading session closed at $1.69 with an increase of 10.46%.

$1.2 Million of new purchase orders – What’s going on?

On 20th January 2022, ALPP reported that its subsidiary i.e., Quality Circuit Assembly, Inc. (QCA) has secured $1.2 Million of new purchase orders. The continuing expansion is attributable to a combination of long-term loyal clients and freshly acquired customers. Moreover, Alpine 4 corporate has continually supported capital investments in cutting-edge, new equipment, allowing them to keep the competitive edge in the Valley. Furthermore, the new cutting-edge technology has not only helped get new clients, but it has also given the capacity to complete larger orders. With the reputation for high-quality PCB manufacturing, the company will continue to attract new clients.

Acquisition of RCA Commercial Electronics – Latest Updates

On 13th December 2021, ALPP stated that it has acquired RCA Commercial Electronics. The heritage conglomerate RCA Corporation, founded in the United States, dominated the electronics sector in the twentieth century. In 2006, DTI Services bought the RCA brand and began designing and manufacturing products for the Hospital, Lodging, Education, and Institutional industries. In addition, DTI Services purchased LG’s lighting division in 2018, including all IP for smart lighting devices, which are currently offered under the RCA label.

What’s Next?

The reputation of RCA as the most reliable name in electronics is as strong now as it was in 1919. The company is thrilled to operate out of the new 70,000-square-foot Technology Center, which is strategically located across the country, and they are positioned for continued expansion. Moreover, it’s an exciting moment to be combined together, and the company is looking forward to seeing the creative energy manifest itself in new products and initiatives.

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