Benzinga | Nov 18, 2021 10:46AM EST

Alpine 4 Holdings Reports Its Identified Technologies Unit Wins Multi-Year Drone-Mapping Contract With US Army Corps Of Engineers, No Terms Disclosed

Alpine 4 Holdings, Inc. (NASDAQ:ALPP), a leading operator and owner of small market businesses, subsidiary Identified Technologies (Identified), has been awarded a multi-year site management drone-mapping contract for a US Army Corps of Engineers project based in Florida.

Project Details: The Everglades Restoration Project is one of the largest water management projects in the country. It involves a 16-mile sand embarkment dam, a 10-acre reservoir, a perimeter canal and multiple water control structures. Identified software platform is being deployed to help manage construction for a multi-national contractor and keep federal, state and county project stakeholders aligned with one another.

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."

"I'm thrilled to announce this relationship with the US Army Corps of Engineers," Richard "Dick" Zhang, Identified's President, said, adding, "It's a testament to our RaaS business model. This new contract with the US Army Corps of Engineers brings added validation to our drone technology on the construction job site and highlights the trust that the US government has in our data accuracy and analysis. The scope of our work will include 1,500 flights, 200,000 acres analyzed, and 15 TB of data reported annually. This is just the beginning of the industry's adoption S-curve of drones in the workplace. We're very excited for the future."

Identified Technologies currently resides in the A4 Aerospace Portfolio as both a Driver and Facilitator from Alpine 4's DSF business model.