AmpliTech Shows Significant Progress with R&D for New Products
AmpliTech Group, Inc. (OTCQB:AMPG) announced significant progress in its R&D initiative to expand its product line of low noise amplifiers, introducing new 5G and wireless infrastructure products. The new offerings include low power consumption 5G Front Ends and wideband Power Amplifiers. CEO Fawad Maqbool emphasized the strategy to grow their customer base and adapt to increasing demands in wireless technology. Despite challenges from Covid-19, the company anticipates temporary disruptions. CFO Louisa Sanfratello highlighted plans for a Nasdaq uplisting to enhance corporate value.
- Launch of low noise amplifiers targeting 5G and wireless infrastructure, indicating strong product development.
- Introduction of innovative products with low power consumption, potentially positioning AMPG as a leader in the wireless technology market.
- Plans for Nasdaq uplisting, which could enhance visibility and attract more investors.
- Ongoing supply chain disruptions and staff availability issues due to Covid-19, which may delay product development and affect sales.
BOHEMIA, NY / ACCESSWIRE / September 16, 2020 / AmpliTech Group, Inc. (OTCQB:AMPG) announced today that its R&D initiative to expand its product line of low noise amplifiers, to include its new 5G and wireless infrastructure products is progressing significantly. AMPG has introduced new products that will be manufactured in their Specialty Microwave subsidiary, which was acquired last year. The combined engineering and manufacturing resources should complement the new product development of subsystems for satellite, wireless, and 5G infrastructures, as well as advanced military and commercial markets.
New Products Summary:
- Lowest power consumption (0.5V@12 mA) 5G Front End in connectorized and chip form for 4G/5G network infrastructure
- Lowest power consumption (0.5V@3 mA) cryogenic 5G Front End in connectorized and chip form for 4G/5G network infrastructure
- Desktop/Benchtop and compact wideband Power Amplifiers over frequency range of 1 to18 GHz to be used in Satcom rack mount systems as well as test equipment used by integrators and manufacturers of various communication systems such as cellular base stations, simulators, and point to point wireless radios
- Waveguide to Coaxial Adapters for all Satcom and Satellite internet gateway systems (from C band to Ka band, or 2 GHz to 26.5 GHz)
CEO, Fawad Maqbool, stated, "The new products are a direct result of following our strategy to grow our top line and broaden our customer base, while maintaining the quality, performance, and throughput to address the demands of mainstream technologies as they grow at an exponential rate. We strive to keep pace and be part of that growth and to reach a leadership position in all areas of wireless communication."
AmpliTech also noted the effect of Covid -19 and the impact it has had to its progress. Although the Company has experienced short-term closing, vendor and supply chain interruptions, and staff availability issues, it expects these to be temporary, as the economy gets back to normal in the coming months.
CFO, Louisa Sanfratello added, "We are continuing to expand our IP and product base to match our product technology to the needs of the rapidly rising demand of wireless technology and infrastructure. The Company is also proceeding with our effort to pursue a Nasdaq uplist. This all should add significant value to the Company as a key technology developer and partner to major players in these markets."
About AmpliTech Group, Inc.
AmpliTech Group, Inc. is an innovative provider of advanced radio frequency technology solutions serving applications from 50 kHz to 100 GHz across a diverse mix of markets. AmpliTech designs, develops, and manufactures custom and standard state-of-the-art RF and microwave and millimeter-wave components and integrated modules for the Domestic and International, SATCOM, Space, wireless infrastructure, test & measurement, and Military markets. In addition to our product offerings we leverage our design and product development expertise and core competencies to provide consulting and manufacturing services to our customers helping them reduce design cycle time and cost, achieve faster time to market, and lower manufacturing costs. Our steady growth over the past 13+ years has been the result of our commitment to not only meet, but to exceed the rigorous performance, quality, and reliability requirements of our diverse mix of customers. Click here to view AmpliTech video. Website: http://www.AmpliTechinc.com
Forward-looking Statements
This release contains statements that constitute forward-looking statements. These statements appear in a number of 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 financing plans; (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 as a result of various factors.
CONTACT: Fawad Maqbool, CEO,AmpliTech Group, Inc. (631) 521-7831
Twitter: https://twitter.com/AmpliTechAMPG
Instagram: https://www.instagram.com/amplitechampg/
Facebook: https://www.facebook.com/AmpliTechInc
SOURCE: AmpliTech Group, Inc.
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