PHOENIX, Jan. 26, 2022 /PRNewswire/ -- Alpine 4 Holdings,
Inc. (Nasdaq: ALPP), a leading operator and owner of small market
businesses, has announced the formation of RCA Batteries
Corporation (RCA Batteries), a joint venture between RCA Commercial
and Elecjet. RCA Batteries will reside under Alpine 4's subsidiary
RCA Commercial and will operate as the manufacturer and distributor
of the ElecJet family of graphene batteries. Elecjet will
continue as a manufacturer of electronic components, a research and
development company, and the legal entity holding the company's
intellectual property, including patents and software
copyrights. Samuel Gong will be the President of RCA
Batteries while remaining as President of Elecjet.
RCA Batteries now represents four types of battery
cells/products: The Apollo Ultra, a battery pack for everyday use,
which Forbes has proclaimed as "Eye-Poppingly Fast." Two types of
cylindrical cells; a 18650 Graphene Lithium battery cell and a
21700 Graphene Lithium battery cell, both intended for commercial
customers in several sectors. Finally, the company plans to
begin small volume production of its graphene enhanced Solid-State
Batteries in Q2 2022 with the goal to bring main scale production
in 2023.
All the Company's cylindrical graphene enhanced batteries cells
boast charging rates of least 2C and can go as high as 8C depending
on the customer's application needs. These speeds are between
double and twenty times faster than the traditional Lithium battery
cell can charge at. The company's graphene solid-state
battery can charge at rates up to 30C. These batteries also
have industry-leading discharge rates for more efficient energy
usage and power distribution.
Sam Gong, President of Elecjet
(and now RCA Batteries) commented: "Our Graphene solid-state
technology will help us improve energy density by about 10%
compared to some of the most energy-dense batteries on the market,
and upwards of 80%+ compared to some applications. Elecjet
prides itself on not just boasting about what we can do in a lab,
but what we can produce on a large commercially viable scale.
We're looking forward to getting these batteries in our customer's
products throughout 2022."
https://www.forbes.com/sites/davidphelan/2021/12/16/Elecjet-apollo-ultra-power-bank-review-eye-poppingly-fast/?sh=7ff02d83fa0d
Kent B. Wilson, Alpine 4 CEO, had
this to say: "RCA Batteries was envisioned long before we closed
on our subsidiary RCA Commercial in early December 2021. The
goal was to enhance the amazing capabilities of the Elecjet family
of graphene-enhanced batteries and attach it to a well-known name
in the electronics industry. The merits of this joint venture
are immense. RCA Batteries with its graphene enhanced battery
cells, the manufacturing power of our subsidiaries RCA Commercial
and Quality Circuit Assembly, will allow RCA Batteries the ability
to start producing best in class battery cells for varying
applications in the near future. The goal is to bring full
manufacturing to the United States
by Q4 2023. From a market perspective, our sights are set on the
ESS (energy storage systems) market, including power walls, battery
cells for EV's, and various other commercial applications, as well
as the electrification of Vayu Aerospace's drones, including the
newest fleet of drones under development."
About RCA Commercial Electronics: RCA Commercial
Electronics is the continuance of the legacy of the US-based
conglomerate RCA Corporation which dominated the electronics
industry of the 20th century. RCA Commercial acquired the
rights to the RCA name brand in 2004 and the LG lighting division
to which it acquired the name brand and intellectual property in
2016. The RCA Corporation was a major American electronics company,
which was founded as the Radio Corporation of America in 1919. It
was initially a patent trust owned by General Electric (GE),
Westinghouse, AT&T Corporation, and United Fruit Company. But
in 1932, RCA became an independent company, and this storied
American company began.
https://www.rcacommercialtv.com/about/
About Elecjet: Elecjet specializes in developing super-fast
charging, graphene battery solutions that offer convenience in the
palm of your hands. For the past 11 years, our research and
development team have been committed to advancing our products'
charging performance and battery life.
https://elecjet.com/
About Alpine 4 Holdings: Alpine 4 Holdings, Inc. (ALPP) is
a NASDAQ traded conglomerate that acquires businesses that fit into
its disruptive DSF business model of Drivers, Stabilizers, and
Facilitators. At Alpine 4, we understand the nature of how
technology and innovation can accentuate a business. Our
focus is on how the adaptation of new technologies, even in
brick-and-mortar businesses, can drive innovation. We also
believe that our 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.
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SOURCE Alpine 4 Holdings, Inc.