AmpliTech - a Developer of State-of-the-Art Components for Satellite, 5G, Defense, Space and Other Ultra-Hi Bandwidth Data Communications Needs, Joins Russell Microcap® Index
AmpliTech Group, Inc. (NASDAQ: AMPG) has been added to the Russell Microcap® Index as of June 25, 2021, following the Index's annual reconstitution. This membership is expected to enhance the company's visibility among investors, supporting its growth in satellite and 5G communications markets.
With approximately $30 million in cash, AmpliTech aims to capitalize on opportunities in bandwidth-intensive applications like IoT and autonomous vehicles. The Russell Microcap Index comprises the smallest 1,000 companies from the Russell 2000 Index, plus the next 1,000 smallest securities.
- Inclusion in the Russell Microcap® Index increases visibility and potential investment interest.
- AmpliTech has a strong financial position with nearly $30 million in cash.
- The company is well-positioned for growth in high-demand sectors such as 5G and satellite communications.
- None.
Bohemia, New York, June 28, 2021 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (NASDAQ: AMPG), a designer, developer, and manufacturer of state-of-the-art components and semiconductor chips for satellite and 5G communications networks, defense, space, and other commercial applications, announced it has been added to the Russell Microcap® Index in conjunction with the Index's annual reconstitution, which took effect after the market’s close on June 25th.
Membership in the Russell Microcap® Index remains in place for one year, with inclusion, as appropriate, in Russell's Microcap Growth and Microcap Value style indexes. Membership for Russell indexes is determined primarily by objective, market-capitalization rankings and style attributes.
CEO Fawad Maqbool, commented, "Inclusion in the Russell Microcap® Index is a testament to the progress we have made positioning AmpliTech to participate in the build-out of satellite networks, 5G communications and other next-generation networks. These systems will provide enhanced data and bandwidth capabilities essential for supporting rapid growth in connected devices, entertainment and gaming content distribution, video conferencing, Internet of Things (IoT) applications, autonomous-vehicle communications, quantum computing, space exploration and other bandwidth-intensive applications.
“We are actively pursuing the broad range of growth opportunities before us, supported by our strong financial position - with nearly
The Russell Microcap Index is constructed to provide a comprehensive and unbiased barometer for the microcap segment of the U.S. equity market, which makes up less than
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About AmpliTech (www.amplitechinc.com)
AmpliTech Group, Inc. designs, develops, and manufactures state-of-the-art radio frequency (RF) components for global satellite communications, telecom (5G & IoT), space, defense, and quantum computing markets as well as systems and component design consulting services. AmpliTech has a 13+ year track record of developing high performance, custom solutions to meet the unique needs of some of the largest companies in the global industries we serve. We are proud of the unique skills, experience and dedication of our focused team which enables us to deliver superior solutions, faster time to market, competitive pricing and excellent customer satisfaction and repeat business.
Safe Harbor Statement
This release contains statements that constitute forward-looking statements. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's ability to execute its business plan as anticipated; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Other risks are identified and described in more detail in the “Risk Factors” section of the Company’s filings with the SEC, all of which are available on our website. We undertake no obligation to update, and we do not have a policy of updating or revising, these forward-looking statements, except as required by applicable law.
Corporate Social Media Investor Social Media
Twitter: @AmpliTechAMPG Twitter: @AMPG_IR
Instagram: @amplitechampg StockTwits: @AMPG_IR
Facebook: AmpliTechInc
Company Contact Investor Contact:
Shan Sawant, Director of Communications David Collins, Investor Relations
AmpliTech Group, Inc. Catalyst IR
shan@amplitech.com AMPG@catalyst-ir.com
646-546-7128 212-924-9800
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