AmpliTech Group MMIC Design Center (AGMDC) Unveils Initial Low Noise Semiconductor Designs for Production

Rhea-AI Summary

AmpliTech Group (Nasdaq: AMPG) has announced that its Texas MMIC Design Center is now fully operational, with initial designs set for wafer production. This development includes new MMIC products like LNA amplifiers and filters, expected to be available by Q1 2022. The company is patenting its leading MMIC technology, enhancing its offerings in the LNB/LNBF market. CEO Fawad Maqbool emphasized the need for high-performance MMICs to meet 5G demands. AmpliTech aims to target major OEMs and expand its market, backed by a strong financial position and a record backlog.

Positive

• Texas MMIC Design Center operational, initial designs ready for wafer production.
• New MMIC products expected by Q1 2022, enhancing product offerings.
• Strong financial position and record backlog support growth.
• Focus on high-performance MMICs for 5G and military markets.

Negative

• None.

Bohemia, New York, Nov. 02, 2021 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG), a designer, developer, and manufacturer of state-of-the-art signal-processing components for satellite and 5G communications networks, defense, space, and other commercial applications, announces its Texas MMIC Design Center (AGMDC), is now fully operational and its initial designs have been released for wafer production.      

These designs integrate AmpliTech’s industry-leading low noise figures into more compact packages that will allow for integration into a larger range of consumer applications.

This initial round is comprised of new MMIC products, including LNA amplifiers, filters, and attenuators. This round is expected to be completed, with preliminary datasheets for all new products becoming available before the end of Q1 2022. As previously reported, the company is in process of patenting this leading MMIC technology, which will be utilized to further advance their core products and capitalize on their recent entry into the LNB/LNBF market, allowing customers to offer more consistent, reliable, and durable communication solutions.

Fawad Maqbool, CEO, commented, “We find that semiconductors today, do not provide the performance network providers need, to achieve true 5G data rates in excess of 1 Gb per second. This initial round of products will enable the company to offer high-performance MMICs for the wireless 5G cellular, satcom, and military markets. This achievement further shows our ability to implement our strategic plan to begin delivering to customers, the hardware they need to advance network innovations at the rate today’s demands need them to.” Furthermore, Mr. Maqbool stated, “these MMICS will be space qualified to meet the challenging demands of LEO and MEO satellites”.

The Company is targeting major OEMs as well as system integrators, to substantially expand its addressable market. As part of a strategic plan of capital deployment, the company recently announced the moving of its corporate headquarters and consolidation of two manufacturing facilities into the Hauppauge Industrial Park in Long Island NY. With increased capacity, product offerings,  operations staff, and testing capabilities, the company is advancing its goals to support the acceleration of the build-out of 5G infrastructure, quantum computing and space exploration. With its strong financial position, record backlog, and seasoned executive team, AmpliTech Group is proud of its progress and excited to offer its customers these groundbreaking products.

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, 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:
Shan Sawant, Director of Communications

AmpliTech Group, Inc.
shan@AmpliTech.com
646-546-7128

Investor Contact:
David Collins, Investor Relations

Catalyst IR
AMPG@catalyst-ir.com
212-924-9800

FAQ

What is the significance of AmpliTech's Texas MMIC Design Center becoming operational?

The operational status enhances AmpliTech's production capabilities for advanced signal-processing components, crucial for expanding its market presence.

What new products is AmpliTech planning to release?

AmpliTech plans to release new MMIC products, including LNA amplifiers and filters, expected to be ready for market by Q1 2022.

How does AmpliTech's new technology impact the 5G market?

The new technology aims to provide high-performance MMICs necessary for achieving true 5G data rates exceeding 1 Gb per second.

What is AmpliTech's strategy following the operational launch of its design center?

AmpliTech is targeting major OEMs and system integrators to expand its addressable market significantly.

When can we expect preliminary datasheets for AmpliTech's new products?

Preliminary datasheets are expected to be available before the end of Q1 2022.