Alpine 4 Holdings Inc announced that its Quality Circuit Assembly Inc (QCA) subsidiary has secured $1.2 million of new purchase orders, increasing its backlog to over $2.6 million for January 2022.
The Phoenix-based tech company said the customers range from electric vehicle (EV) manufacturers to medical device manufacturers to 3D printing and robotics customers.
"What a great way to start the year. At QCA, we have a highly-skilled yet stable workforce, which by itself has given QCA a competitive advantage with Fortune 500 customers over the past three decades,” Alpine 4 CEO Kent Wilson said in a statement. “When coupled with our vast certifications and quality assurance programs, QCA competes well even with the bigger players in the business."
Investors responded positively, sending shares of Alpine 4 nearly 12.4% higher to $1.72 on the tech-dominated Nasdaq in afternoon trade.
READ: Alpine 4 acquires RCA Commercial Electronics, a continuation from the American conglomerate founded in 1919
"While we use these certifications for existing customers, it is equally important for QCA's sister subsidiaries like Vayu Aerospace and ElecJet to have an in-house company like QCA that can deliver US-based production of parts and assemblies to support our selling initiative to the US Federal Government, its various agencies and other companies that sell to them," Wilson added.
Alpine 4 noted that QCA has provided high-tech electronic contract manufacturing solutions in the Silicon Valley area for over three decades. The company prides itself on being ITAR, AS9100D, UL, IPC A 610, and J-STD-001 certified.
It said the aerospace industry established AS9100 certification to provide a single quality management system to satisfy quality requirements from the Department of Defense, NASA, and Federal Aviation Administration.
“Our continued growth is due to a combination of our long-term loyal customers, in addition to the newly acquired ones,” QCA president Tim Garcia added.
“Alpine 4 corporate has consistently supported the reinvestment of capital back into cutting edge, new equipment helping us to maintain our competitive edge here in the Valley. Our new state-of-the-art equipment has allowed us to not only win over new customers but has given us the capacity to fulfill larger orders. We will continue to garner new clientele with our reputation for high-quality PCB work."
Alpine 4 is a conglomerate that acquires businesses that fit into its disruptive DSF business model of drivers, stabilizers, and facilitators.
Contact the author at stephen.gunnion@proactiveinvestors.com
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