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AmpliTech Group Inc designs, develops, engineers, and assembles micro-wave component-based amplifiers that meet individual customer specifications. The products of the company consist of RF amplifiers & related subsystems, operating at multiple frequencies from 50kHz to 44GHz, including Low Noise Amplifiers, Medium Power Amplifiers, cryogenic amplifiers, and custom assemblies. The company also offers non-recurring engineering services on a project-by-project basis, for a predetermined fixed contractual amount, or on a time-plus-material basis. It also operates as a manufacturer, & distributor of cryogenic microwave amplifiers, RF designs, & applications for Wireless Networks & the future of Wireless Communication.
AmpliTech serves the aerospace, government, defense, and commercial satellite industries. They sell their products through sales representatives or distributors in North America, Europe, and Asia. Founded in 2002 and based in Bohemia, New York, AmpliTech remains committed to delivering high-performance, custom solutions to meet the ever-evolving needs of global industries.
AmpliTech Group (AMPG) has successfully closed two registered direct offerings with aggregate gross proceeds of $5.3 million. The closings occurred on December 13 and December 18, 2024, with individual offerings of $2.2 million and $3.1 million respectively. Maxim Group served as the sole placement agent for both offerings. The securities were issued under a shelf registration statement on Form S-3, which was declared effective by the SEC on April 24, 2024. The company, which specializes in signal processing components for satellite and 5G/6G communications networks, will receive the proceeds before deducting placement agent fees and other offering expenses.
AmpliTech Group (NASDAQ: AMPG), a designer and manufacturer of signal processing components for satellite and 5G/6G communications networks, has announced a $3.1 million registered direct offering. The company will sell 1,516,680 shares of common stock at $2.10 per share to institutional investors. The offering, expected to close around December 18, 2024, is being conducted through Maxim Group as the sole placement agent. The securities are being offered under a shelf registration statement that was declared effective by the SEC on April 24, 2024.
AmpliTech Group (AMPG) has successfully delivered prototype high-frequency Ultra Low Noise Amplifiers (ULNAs) to a Fortune 50 satellite systems provider. These amplifiers are designed for Low Earth Orbit (LEO) satellite constellations, offering industry-best noise figure performance in high-frequency bands. The expected demand is in the tens of thousands of units over several years.
The satellite communications industry is projected to launch over 50,000 satellites for LEO and MEO applications in the next decade. AmpliTech's ULNAs are specifically engineered to withstand extreme space conditions, including launch vibrations, radiation exposure, and temperature variations. The technology enables maximized signal integrity, enhanced link availability, and high-speed data transfer capabilities.
AmpliTech Group (AMPG) has announced a $2.2 million registered direct offering through securities purchase agreements with institutional investors. The company will sell 1,352,500 shares of common stock at $1.60 per share. The offering, managed by Maxim Group as sole placement agent, is expected to close around December 13, 2024.
AmpliTech Group, a designer and manufacturer of signal processing components for satellite and 5G/6G communications networks, will use the proceeds after deducting placement agent fees and offering expenses. The offering is made pursuant to an effective shelf registration statement on Form S-3.
AmpliTech Group (Nasdaq: AMPG) announces successful development and deployment of proprietary low-noise cryogenic High Electron Mobility Transistor (HEMT) amplifiers for quantum computing. These state-of-the-art amplifiers enable quantum computers to operate at extremely low temperatures of 4 Kelvin (-452°F).
The company has delivered working units of its cryogenic Low-Noise Amplifiers (LNAs) to two Fortune 50 companies, universities, and research institutions in the quantum computing sector. AmpliTech has established itself as the high-performance U.S.-based manufacturer of cryogenic LNAs optimized for quantum computing at 4K temperatures.
The USPTO has issued a Notice of Allowance for AmpliTech's patent application related to their cryogenic solution for Quantum Computing Applications.
AmpliTech Group (Nasdaq: AMPG) has closed its previously announced registered direct offering, selling 1,603,259 shares of common stock (or pre-funded warrants) at $0.92 per share. The offering raised approximately $1.475 million in gross proceeds before deducting placement agent fees and expenses. Maxim Group served as the sole placement agent for the offering. The Securities were offered through a shelf registration statement on Form S-3, which was declared effective by the SEC on April 24, 2024.
AmpliTech Group (Nasdaq: AMPG) has announced a $1.4 million registered direct offering priced at-the-market. The company will issue 1,603,259 shares of common stock or pre-funded warrants at $0.92 per share to institutional investors. The offering, expected to close around November 26, 2024, is being conducted through Maxim Group as the sole placement agent. The proceeds will be approximately $1.4 million before deducting placement agent fees and offering expenses. The securities are being offered through a shelf registration statement previously declared effective by the SEC.
AmpliTech Group (Nasdaq: AMPG) has secured an initial Purchase Order worth nearly $1M from a Fortune 1000 U.S. company under a recently signed 5-Year Basic Order Agreement. The order includes LNB (Low-Noise Block Downconverters) products and engineering services, representing approximately 20% of the total average LNA sales from the AmpliTech Inc Division. The delivery is scheduled for the first half of fiscal year 2025. The company's proprietary low noise technology, used in their LNA products, is expected to enhance gross margins through in-house manufacturing capabilities.
AmpliTech Group (AMPG) reported Q3 2024 financial results with revenue of $2.834 million and gross profits of $1.347 million, achieving a 47.6% gross margin, representing a 5% increase from previous quarter. The company reported a reduced quarterly loss of $1.1 million, down from $1.57 million in Q2 2024. The loss was attributed to lower global and domestic sales, increased corporate expenses, and ongoing R&D efforts. As of September 30, 2024, AMPG maintained $2.35 million in cash and receivables, with working capital of $10.07 million and inventory valued at over $7 million.
AmpliTech Group (Nasdaq: AMPG) has secured a 5-year Basic Order Agreement (BOA) with a Fortune 1000 US company for LNB (Low-Noise Block Downconverters) products and engineering services. The agreement includes an automatic 3-year renewal extension. The company expects to receive the initial order shortly, with delivery scheduled for early FY2025. AmpliTech anticipates that annual sales of its newly launched LNB product line will match its LNA products sales, validating their R&D investment strategy. The LNB products, which are receiving devices mounted on satellite dishes, cover X band, Ka band, and Ku bands, offering superior low noise capabilities.
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