PHOENIX, Nov. 6, 2017 /PRNewswire/ -- Alpine 4 Technologies' (OTCQB:ALPP) (Alpine 4) subsidiary, Quality Circuit Assembly, Inc. (QCA) www.qcamfg.com, announced that Lattice Incorporated has transferred the redesign and production of its innovative NetVisit™ Video Visitation and CellMate® mobile phone system to QCA. The production agreement is worth an estimated $2.3 million dollars annually for QCA.
Alpine 4 is a publicly-traded enterprise with holdings across a variety of industries and product/service categories. Alpine 4 owns QCA and recently announced the expansion of its corporate portfolio by signing a letter of intent to acquire all outstanding securities of Lattice Incorporated.
A significant component of Alpine 4's growth strategy is to share resources and drive synergies across its portfolio companies. Executing on that strategy, QCA and Lattice teams will collaborate in the redesign of Lattice's NetVisit Inmate Video Visitation system, and QCA will handle the manufacturing of all NetVisit stations and CellMate® hardware.
NetVisit improves inmate well-being by connecting inmates with their family and friends on a much more frequent basis. The solution also generates significant operational efficiencies for correctional facilities, as it eliminates the time-consuming, costly burden on corrections staff of moving inmates for live visitation sessions, enabling staff to focus on primary responsibilities of inmate safety and security.
Lattice's high-performance Video Visitation stations are integral to a successful implementation. The stations incorporate high-quality video transmission and a variety of inmate-driven touch-screen apps. QCA's expertise will assist Lattice in delivering greater design innovation and production efficiencies.
Terry Protto, VP of Portfolio Management of Alpine 4, stated, "The synergies between QCA and Lattice will enable us to redesign, engineer and produce innovative new NetVisit Video Visitation stations, while accelerating time to market in a much more cost-effective manner."
"With our NetVisit solution, we promote positive inmate and family well-being and deliver greater efficiencies to correctional facilities," noted Paul Burgess, CEO of Lattice. "Under the Alpine 4 banner, we're excited to share resources with QCA and take advantage of their expertise to deliver innovative, cost-efficient products and services."
About Alpine 4 Technologies, Ltd.
Alpine 4 is a publicly-traded enterprise with business-related endeavors in Automotive Technologies, Electronics Manufacturing, Engineering and Software development, and Energy Services.
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: Ian Kantrowitz, Director of Investor Relations
About Lattice Incorporated
Lattice provides innovative solutions that improve inmate well-being, deliver greater operational efficiencies and financial value to correctional facilities, and promote safer communities.
Lattice's Corrections Operating Platform™ (COP) is an integrated network of highly-secure solutions, including inmate communications systems, prepaid calling options, voicemail, video visitation and arraignment, and smart mobile devices. Lattice's inmate management module efficiently manages prison processes, including communications monitoring, commissary purchases, account funding and billing, biometrics, booking, incident reporting, and more. For more information, visit http://www.latticeinc.com.
Contact: Scott Raskas, Director of Marketing
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.
SOURCE Alpine 4 Technologies, Ltd.