Alpine 4 Holdings (NASDAQ:ALPP) Stock Continues to Trend Higher After a Multi-Year Drone-Mapping Contract
Shares of Alpine 4 Holdings (NASDAQ:ALPP) continued to moved up on Thursday, extending its yearly gains to 2000%.
Market Stats
On Thursday, ALPP stock soared 8.25% at $3.1500 with more than 11.96 million shares, compared to its average volume of 1.25 million shares. The stock has moved within a range of $2.8500 – 3.8500 after opening the trade at $2.9300.
Awarded a Multi-Year Drone-Mapping Contract with The US Army Corps of Engineers
Leading operator and owner of small market businesses, subsidiary, Identified Technologies, Alpine 4 Holdings (NASDAQ:ALPP), has confirmed been awardedmulti-year site management drone-mapping contract for US Army Corps of Engineers project located in Florida.
The project, named Everglades Restoration Project is big water management projects in the country, involving 16-mile sand embarkment dam. The software platform being deployed will facilitate managing construction for multi-national contractor and keep federal as well as county project stakeholders aligned with one another.
Kent Wilson, CEO of Alpine 4 said that the Identified’s 3D mapping and Reports as a Service system is superior and the firm anticipates that this would be amongst the many contracts awarded for US Army Corps of Engineers in the next few years.
Wilson added that he believes the new relationship will be opening up new horizons for Vayu Aerospace Corporation as well as US-1 and G1 Aircraft. This will give enhanced hardware service options to US Army Corps of Engineers.
Richard “Dick” Zhang, Identified’s President said that the company is thrilled on the announcement with US Army Corps of Engineers and speaks volumes on its business model.
Zhang added that the new contract with US Army Corps of Engineers will validate its drone technology on construction job site as well as highlights trust that the government of United States has in its data analysis. Its scope of work will include 1,500 flights, 200,000 acres analysed as well as 15 TB of data reported annually.
Key Quote
Kent Wilson, CEO of Alpine 4 had this to say: “Identified’s 3D mapping and Reports as a Service (RaaS) system is second to none, and we anticipate that this will be one of many awarded contracts for Identified and the US Army Corps of Engineers over the next few years. We believe this new relationship will open up opportunities for Vayu Aerospace Corporation and its US-1 and G1 Aircraft to provide enhanced hardware service options to the US Army Corps of Engineers. We aim to be the go-to American drone tech for the US Armed Forces.”
Traders Corner
ALPP stock is trading below the 20-Day and 50-Day Moving averages of $3.24 and $3.16 respectively. Moreover, the stock is trading below the 200-Day moving average of $3.61. The stock is down 41% in the past month.
