AmpliTech Group's Division, AmpliTech Inc, Unveils Quantum Computing Cryogenic Power Supplies

Rhea-AI Summary

AmpliTech Group, Inc. (Nasdaq: AMPG) has unveiled new Cryogenic Power Supplies through its AmpliTech Inc. division, specifically designed for the quantum computing industry. These power supplies are available in two models with adjustable low-voltage outputs (two-channel and three-channel) and are suitable for reliability testing, laboratory instrument testing, and cryogenic amplifier testing.

CEO/CTO Fawad Maqbool emphasized that these products complement their existing line of cryogenic low noise amplifiers used in quantum computing. The new power supplies are immediately available for purchase individually or as a set with AmpliTech's cryogenic amplifiers through their newly launched online store at https://shop.amplitechinc.com/.

Positive

• Launch of new Cryogenic Power Supplies for the quantum computing industry
• Immediate availability of new products for sale through online store
• Expansion of product line complementing existing cryogenic low noise amplifiers

Negative

• None.

HAUPPAUGE, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a leading designer, developer, and manufacturer of advanced signal processing components for satellite, 5G, and other communications networks, as well as a global distributor of integrated circuit assembly packages and lids, has announced the latest product releases from its AmpliTech Inc. division. The new Cryogenic Power Supplies are specifically designed for the quantum computing industry. Available in two models with adjustable low-voltage outputs (two-channel and three-channel), these ergonomic bench-top power supplies are ideal for reliability testing, laboratory instrument testing, and cryogenic amplifier testing. They are now available for purchase individually or as a set with AmpliTech's line of cryogenic amplifiers.

"We are excited to announce the launch of additional products to the market," said Fawad Maqbool, CEO/CTO of AmpliTech Group. "These cutting-edge cryogenic power supplies perfectly complement our existing line of cryogenic low noise amplifiers used in quantum computing. This release highlights our ongoing commitment to advancing state-of-the-art solutions for critical industries as part of our growth strategy." Furthermore, Mr. Fawad stated, “These new products are immediately available for sale at our newly released On-line Store at https://shop.amplitechinc.com/.”

AmpliTech Group remains committed to driving innovation in telecommunications, leveraging its deep industry knowledge and technical prowess to deliver superior connectivity solutions that empower businesses to thrive in a digital-first world. Please visit our website at www.amplitechgroup.com.

About AmpliTech Group
AmpliTech Group, Inc., comprising five divisions—AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services—is a leading designer, developer, manufacturer, and distributor of cutting-edge radio frequency (RF) microwave components and 5G network solutions. Serving global markets including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, AmpliTech Group is committed to advancing technology and innovation. For more information, please visit www.amplitechgroup.com.

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; and (iv) the new cryogenic power supplies will be accepted and purchased by customers. 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, 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.

Contact:

Corporate Social Media:
Twitter: @AmpliTechAMPG
Instagram: @AmpliTechAMPG
Facebook: AmpliTechInc
LinkedIn: Amplitech Group Inc

Investor Social Media:
Twitter: @AMPG_IR
StockTwits: @AMPG_IR

Company Contact:
Jorge Flores
Tel: 631-521-7831
Investors@amplitechgroup.com

FAQ

What new products has AmpliTech Group (AMPG) released for the quantum computing industry?

AmpliTech Group (AMPG) has released new Cryogenic Power Supplies through its AmpliTech Inc. division, specifically designed for the quantum computing industry. These power supplies are available in two models with adjustable low-voltage outputs (two-channel and three-channel).

Where can customers purchase AmpliTech Group's (AMPG) new Cryogenic Power Supplies?

Customers can purchase AmpliTech Group's (AMPG) new Cryogenic Power Supplies through their newly launched online store at https://shop.amplitechinc.com/. The products are immediately available for sale individually or as a set with AmpliTech's line of cryogenic amplifiers.

What are the applications of AmpliTech Group's (AMPG) new Cryogenic Power Supplies?

AmpliTech Group's (AMPG) new Cryogenic Power Supplies are designed for reliability testing, laboratory instrument testing, and cryogenic amplifier testing in the quantum computing industry.