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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, 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.
AmpliTech Group, Inc. (Nasdaq: AMPG) announced a follow-on order for its low noise amplifier (LNA) technology from a Fortune 500 global defense and aerospace customer, with products expected to ship in Q3 2021. CEO Fawad Maqbool highlighted positive business trends as the economy reopens, suggesting favorable revenue comparisons for Q2 2021. The company is ramping up product development and plans to leverage its strong financial position, including $30 million in net cash, to pursue aggressive growth initiatives in satellite, 5G, and other communications sectors.
AmpliTech Group, Inc. (AMPG) announced a strategic investment in a joint venture with SN2N LLC to create an unhackable communications channel, enhancing security in data transmission. AmpliTech is committing up to $350,000, contingent upon successful completion of critical development milestones. This venture aims to deliver a new level of secure data transfer essential for industries requiring robust security solutions, such as 5G and IoT. The anticipated market growth, driven by Low Earth Orbit Satellites and true 5G networks, underscores the demand for more secure and efficient communication technologies.
AmpliTech Group (NASDAQ: AMPG) announced its strong position in the SATCOM market due to the increasing demand for reliable low noise amplifiers amid the rapid growth of satellite launches. The global SATCOM market is expected to reach $30.6 billion by 2025, growing at a CAGR of 8.3%. The company recently raised $23 million for long-term growth, aiming to enhance its offerings in 5G/6G and SATCOM technologies. CEO Fawad Maqbool emphasizes that AmpliTech is set to drive innovations in satellite technology as the industry experiences hyper growth.
AmpliTech Group, Inc. (NASDAQ: AMPG) has successfully raised over $30 million since its Nasdaq uplist on February 17, 2021. This capital aims to strengthen the company's financial position, enabling larger orders and an expanded customer base. Key allocations include enhancing sales forces, expanding production, and funding R&D. The capital raise reflects strong investor confidence in AmpliTech's growth strategy, allowing for potential debt reduction and M&A activities to bolster future sustainability.
AmpliTech Group, Inc. (NASDAQ: AMPG) announced the completion of a registered direct offering, raising approximately $23.0 million by selling 2,715,000 shares of common stock at $8.48 per share. Additionally, investors received warrants for 1,900,500 shares at an exercise price of $8.48, exercisable over five years. The offering was made under a shelf registration statement declared effective on April 14, 2021. CEO Fawad Maqbool noted that the financing positions the company to better support its larger customers.
AmpliTech Group, Inc. (NASDAQ: AMPG) announced a $23 million registered direct offering involving 2,715,000 shares of common stock at-the-market pricing. The offering includes 1,900,500 warrants at an exercise price of $8.48 per share, set to close on or about April 16, 2021. Maxim Group LLC is the exclusive placement agent for this offering. The shares will utilize a shelf registration statement declared effective on April 14, 2021. These funds are anticipated to strengthen the company's financial position.
AmpliTech Group, Inc. (Nasdaq: AMPG) has announced a developmental order from Amplify My Probe, Ltd. for a cryogenic probe head designed to enhance material, molecule, and drug research for disease treatment. This innovative device operates at 5 degrees Kelvin and leverages low noise amplifier technology, offering nearly 100x speed improvement in EPR experiments. AmpliTech will be the exclusive manufacturer, and Amplify My Probe will distribute the device globally for at least 18 months. The partnership aims to advance medical technology and materials science.
Amplitech Group has received a trial order worth ~$120,000 from a major Fortune 200 Defense contractor for its ultra-low noise amplifiers, marking a significant milestone for the company. This order underscores Amplitech's expertise in manufacturing high-quality RF components for space applications, particularly for satellites operating at altitudes of up to 1000 km. The company aims to demonstrate its capabilities and reliability in providing high-performance amplifiers, essential for effective communication and telemetry in space.
AmpliTech Group, Inc. (NASDAQ: AMPG) reported a record backlog of $2.2 million as of the end of Q1 2021, indicating strong demand and potential revenue growth. The company plans to strengthen its management and resources following an $11 million capital raise in February. This funding aims to enhance their technology base targeting emerging markets. CEO Fawad Maqbool expressed optimism about increased demand and revenues in the upcoming quarters, highlighting the company's commitment to innovation in RF component manufacturing.
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