Innovative Satellite and 5G Components Provider AmpliTech Presents Growth Strategy and Outlook in Little Grapevine Virtual Fireside Chat Thursday, Jan. 20th at 4pm ET
19 January 2022 - 9:15AM
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, announced today that its CEO, Fawad
Maqbool, will present the Company’s growth strategy and outlook on
Thursday, January 20th at 4:00 pm ET in a virtual fireside chat
with Little Grapevine held via Zoom.
Investors must register in advance via the
following link: Meeting Registration - Zoom to participate in
the call. All investors are welcome and encouraged to attend.
Fawad Maqbool, CEO, commented, “We have substantially
transformed AmpliTech over the past year to fully leverage the
potential of our cutting-edge radio frequency signal processing
technologies in satellite communications, 5G connectivity, quantum
computing and other applications. We are eager to update investors
on all that we have done and our exciting outlook for 2022 and
beyond.
“At the core, our solutions and expertise enable
our customers to move data with greater efficiency, improved
reliability, reduced power, and at a lower cost. Over the past year
we recapitalized our business, up-listed to Nasdaq, expanded our
sales and marketing team and efforts, initiated the design and
production of proprietary MMIC signal processing chip designs, and
completed the acquisition of Spectrum Semiconductor Materials in
late December, which we expect to nearly quadruple our revenue run
rate.
“Based on progress building our business, our state-of-the-art
technology and the large and growing markets we are targeting, we
believe AmpliTech represents an attractive growth investment that
deserves broader exposure.”
AmpliTech at a Glance:Market Cap:
$34M
Current Cash
$17MEnterprise Value
$17M
2022 Order Backlog* $1.2MEV /
2022 Order
Backlog:
1.5x* AmpliTech order backlog is expected to ship largely in
the first half of 2022.
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About AmpliTech (www.AmpliTechinc.com)
AmpliTech Group, Inc. designs, develops, and
manufactures state-of-the-art radio frequency (RF) microwave
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 impact of the
acquisition of Spectrum Semiconductor Materials on the Company’s
operating results; (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
Twitter: @AmpliTechAMPG
Instagram:
@AmpliTechampg
Facebook: AmpliTechInc
Investor Social MediaTwitter: @AMPG_IRStockTwits:
@AMPG_IR
Company
Contact:
Shan Sawant, Director of
Communications
AmpliTech Group,
Inc.
shan@AmpliTech.com
646-546-7128
Investor Contact:David Collins or Bill Jones, Investor
RelationsCatalyst IRAMPG@catalyst-ir.com212-924-9800
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