Alpine 4 Technologies Ltd. (OTCMKTS:ALPP) stock had risen 1,900% in 4 weeks as of December 15. The stock price isn’t high – it went from $.04 on November 16 to $.80 on December 11 – but market analysts say Alpine 4’s Impossible Aerospace acquisition, combined with the U.S. Department of Commerce decision to add Chinese drone manufacturer DJI to their blacklist, were largely responsible.
Now, Alpine 4 adds another drone company to the portfolio – and could become a growing force in the industry.
Impossible Aerospace made big news when it first began exhibiting a couple of years ago. The company was started by Spencer Gore, a young engineer who had worked for Tesla and had an elegant idea for improving flight endurance. The US-1 drone has battery cells integrated into the structure, allowing the aircraft to carry more power for it’s weight. Equipped with thermal sensors, it has about a 1 hour flight endurance – a significant gain over other drones of its size.
Now, Alpine 4 is making big news with their Impossible Aerospace acquisition – just as the company completed its final deliverable on a $1.5 million Small Business Innovation and Research (SBIR) U.S. Air Force contract. That’s a milestone that Alpine 4 says will open the door for new government contracts.