Alpine 4 Technologies, Ltd., (OTCQB:ALPP) a leading operator and owner of small market businesses, has announced the creation of two drone subsidiaries to reside in its A4 Technology portfolio.
In a statement, Ian Kantrowitz of Alpine 4's executive leadership team commented: "As we expand our footprint in the drone market, these new subsidiaries will serve to subdivide our drone tech into two categories; (1.) EMS services: Impossible Aerospace has already proven the viability of the US-1 drone through its relationships with law enforcement and the US Air Force. Its unparalleled flight time will assist with countless future applications. Additionally, people may be surprised by the lifting capabilities of the US-1 and to know that it is scalable. (2.) Delivery: Part 135 certification permits a company to deliver beyond visual line of sight. We, at Alpine 4, are highly motivated to enter the drone delivery space."
Kantrowitz said: "The addition of an alternative airframe to the US-1, would be specifically to achieve long-distance delivery, allowing us to provide a multitude of solutions to the market. The acquisition of Impossible Aerospace represents more than one drone company, but rather the first building block in our drone division."
Alpine 4 Technologies announced on Tuesday that it had completed its acquisition of Impossible Aerospace Corporation (IA), which builds high-performance electric aircraft and drones.
The company noted that the transaction was completed by a reverse triangle merger with a newly formed subsidiary of Alpine 4 after filing the merger certificate with the State of Delaware.
The Phoenix-based technology-holding company said it will introduce several support subsidiaries in 2021 to further its efforts to capture market share within the drone industry.
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