Morris Sheet Metal, a Subsidiary of Alpine 4 Holdings, Inc. (ALPP), Awarded $5.1 Million in New Contracts for Stellantis and Samsung SDI’s New Battery Production Facility

PHOENIX, AZ / ACCESSWIRE / September 6, 2023 / Alpine 4 Holdings, Inc. (Nasdaq:ALPP), a leading operator and owner of small market businesses and its Subsidiary, Morris Sheet Metal (MSM), are pleased to announce $5.1 Million in new contracts for a project headed by Stellantis Automobile Corporation and Samsung SDI, one of the world's largest battery manufacturers. MSM's participation in this $2.5 Billion project represents its initial contribution to a state-of-the-art Lithium-ion battery plant and is expected to grow as the project advances into additional phases. The announcement comes as Morris Sheet Metal continues to report rising profit margins.

Contract Information:

This initial contract is for the mechanical installation for advanced production lines, and comprehensive HVAC safety measures that are compliant with national and international standards. This project has been designed for scalability to meet future market needs, leaving the door open for additional projects to be awarded to MSM.

Economic Impact and Community Benefits:

The construction of the battery plant is anticipated to stimulate economic growth in Indiana by creating new jobs. It also solidifies Morris Sheet Metal's reputation as a leader in technology-driven, sustainable industrial solutions.

Tom Laubhan, President of MSM commented: "After a challenging economic period, Morris Sheet Metal has shown remarkable resilience, posting rising profit margins over the past year. Our financial upswing offers us a strong foundation to undertake major projects such as this and the company is optimistic about maintaining this positive trajectory."

"Over the past year, Tom and his team have helped advise Alpine 4's other subsidiaries, Quality Circuit Assembly and Elecjet, on the mechanical needs of their pilot and small volume solid-state battery production facility currently under planning. Morris's expertise in guiding its sister companies has been invaluable. We are truly grateful that MSM is expanding their work into this exciting new space and feel that this project embodies our commitment to innovative, high-quality solutions in the industrial space," said Kent Wilson, CEO, of Alpine 4.

Classified as stabilizer in Alpine 4 Holding's diverse business ecosystem, Morris Sheet Metal's latest partnership underlines its contribution to Alpine 4's overarching growth and stability plans for 2023 and 2024.

About Morris Sheet Metal: As a subsidiary of Alpine 4 Holdings, Morris Sheet Metal has established itself as an industry leader in mechanical & industrial fabrication and construction, focusing on innovation, quality, and sustainability.