Global Autonomous Corporation (GAC), a Subsidiary of Alpine 4 Holdings Nasdaq: (ALPP), Obtains First of its Kind Three-Part License with the Dubai Civil Aviation Authority for GAC to Deploy the Company’s Autonomous Mesh Fulfillment Network in Dubai, UAE

PHOENIX, AZ / ACCESSWIRE / May 9, 2023 / Alpine 4 Holdings, Inc. (NASDAQ:ALPP), a leading operator and owner of small market businesses, announced that its subsidiary, Global Autonomous Corporation (GAC) has obtained the first of its kind three-part license approval with the Dubai Civil Aviation Authority (DCAA) for GAC to deploy the Company's Autonomous Mesh Fulfillment Network in Dubai, UAE.

Over the past year, the Company has been actively looking for locations around the world to build out its GAC Mesh Fulfillment Network to be paired with Vayu Aerospace's G1-MKII VTOL drone and the future US-2 drone platforms. Additionally, each platform will utilize some of the world's first production ready, Solid-State Batteries supplied by Elecjet Power Cells (a subsidiary of ALPP).

Kent Wilson, CEO of Alpine 4 and Global Autonomous Corporation had this to say, "This three-part license is crucial to GAC's success, and the Company is grateful for our local UAE consulting firm, Ghani Consulting, who has been working with the esteemed Dubai Civil Aviation Authority on evaluating and granting our license. It is the Company's understanding that the Dubai Government will only be issuing limited licenses to companies seeking autonomous delivery by drone, with GAC now holding one of them, and with our specific 3-part license being the first of its kind. Of the licensees, GAC has been identified as the only company utilizing a kiosk-based mesh fulfillment network (GMFN) within its deployment strategy. The GMFN is meant to serve as more than mere "package hubs", with a focus on job creation through the build-out of the kiosks and the employment of staff to operate them."

The future of autonomous delivery of goods is one of the next great hurdles to overcome. Companies solving this problem will face a litany of issues ranging from regulatory restrictions to user integration, to airframe technologies capable of overcoming economies of scale. At Global Autonomous Corporation, we are solving these problems and combined with the forward-thinking citizens of Dubai, we are set to change the world together!"

3 Part Licensed Activities:

Helicopter Landing Pad (Helipad) Installation-(452029/4210005): "Includes constructing and installing fixed and temporary platforms for helicopters landing, whether on the ground, high rise buildings, oil platforms, including installing all the equipment that enable the safe landing." This license will allow the Company to build its mesh kiosk system with landing pads for its drones throughout the city of Dubai.

Unmanned Aerial Vehicle (Drone) Service-(100054/5229014) "Includes firms operating unmanned (U A V) and drones to provide various aerial services such as aerial photography, aerial advertising, air show photogrammetry Inspection, surveillance, spraying seeds and fertilizer wildlife protection weather forecasting, firefighting, etc." This license allows GAC and its fleet of autonomous drones to fly in the airspace above Dubai for the delivery of packages.

Unmanned Aerial Vehicles (Drone) Trading-(519017/4773713): "Includes reselling unmanned aerial vehicles (UAV) and Drones controlled by the remote control of a pilot on the ground in order to use for survey, still and video imaging, mapping and inspection." This license will allow for the Company to expand its service offering to other partners, Joint Ventures, and Corporations in the UAE who need GAC's service offerings.

About Global Autonomous Corporation: Global Autonomous Corporation's (GAC) mission is direct and resolute. Create a simple, pleasant, and meaningful user experience to deliver goods autonomously.

https://gacusa.global/

https://elecjetpowercells.com/

https://vayuaerospace.com/

About Alpine 4 Holdings: Alpine 4 Holdings, Inc. is a Nasdaq traded Holding Company (trading symbol: ALPP) that acquires business, wholly, that fit under one of several portfolios: Aerospace, Defense Services, Technology, Manufacturing or Construction Services as either a Driver, Stabilizer or Facilitator from Alpine 4's disruptive DSF business model. Alpine 4 works to vertically integrate the various subsidiaries with one another even if from different industries. Alpine 4 understands the nature of how technology and innovation can accentuate a business, focusing on how the adaptation of new technologies, even in brick-and-mortar businesses, can drive innovation. Alpine 4 also believes that its 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
investorrelations@alpine4.com
www.alpine4.com

Forward-Looking Statements: Certain statements and information in this press release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Private Securities Litigation Reform Act of 1995. The information disclosed in this press release is made as of the date hereof and reflects Alpine 4 most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update the forward-looking statements for subsequent events.

Other factors that may affect our businesses include global economic trends, competition and geopolitical risks, including changes in the rates of investment or economic growth in key markets we serve, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and China or other countries, and related impacts on our businesses' global supply chains and strategies; market developments or customer actions that may affect demand and the financial performance of major industries and customers we serve, such as secular, cyclical and competitive pressures in our Technology, Construction and Manufacturing businesses; pricing, the timing of customer investment and other factors in these markets; demand for our products or other dynamics related to the COVID-19 pandemic; conditions in key geographic markets; and other shifts in the competitive landscape for our products and services; changes in law, regulation or policy that may affect our businesses, such as trade policy and tariffs, regulation and the effects of tax law changes; our decisions about investments in research and development, and new products, services and platforms, and our ability to launch new products in a cost-effective manner; our ability to increase margins through implementation of operational changes, restructuring and other cost reduction measures; the impact of actual or potential failures of our products or third-party products with which our products are integrated, and related reputational effects; the impact of potential information technology, cybersecurity, or data security breaches at Alpine 4, our subsidiaries or third parties; and the other factors that are described in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2022, as updated in our Quarterly Reports on Form 10-Q.

SOURCE: Alpine 4 Holdings, Inc.