AmpliTech Announces Receipt of Notice from Nasdaq Regaining Compliance
30 May 2024 - 10:30PM
AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer,
and manufacturer of state-of-the-art signal-processing components
for satellite, 5G, and other communications networks, including the
design of complete 5G/6G systems, and a global distributor of
packages and lids for integrated circuit assembly, announced today
that it received a notice from the Nasdaq Stock Market,
stating the Company has regained compliance with Nasdaq’s periodic
filing requirement.
“I have tremendous confidence in the company's
trajectory,” said Fawad Maqbool, CEO of AmpliTech Group. “With over
two decades of delivering unparalleled solutions to Fortune 500
companies, we are now poised to extend our impact to Fortune 50
companies, catalyzing advancements in communications and
connectivity that will enhance global quality of life.”
“Our technology focuses on developing solutions
for such problematic areas we all experience every day, such as
True 5G ORAN Radios for cell towers to eliminate dead zones and
dropped or frozen Zoom calls, airline Wi-Fi, Artificial
Intelligence (AI), Telemedicine, AR/VR, fully automated vehicles,
and Fixed Wireless Access (FWA) that will eventually make cable and
fiber to the home obsolete,” Maqbool said. “All of us at AmpliTech
Group remain resolute in our commitment to delivering value to
shareholders and propelling technology solutions that shape the
future of connectivity. AmpliTech Group is working diligently to
continue to execute its strategy, inventory remains healthy,
business development prospects for our 5G Division AGTGSS are at an
all-time high. Most importantly, recent events will not shift the
company’s management approach or impact future operations, which
include numerous growth opportunities within the rapidly evolving
technology landscape, the management team remains resolved and
focused on executing our growth strategy.”
About AmpliTech Group
AmpliTech Group, Inc. designs, develops,
manufactures, and distributes 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. In
December 2021, AmpliTech completed the purchase of the assets and
operations of Spectrum Semiconductor Materials Inc., a global
specialty distributor of semiconductor components based in San
Jose, CA. 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 our focused team's unique skills, experience and
dedication, which enables us to deliver superior solutions, faster
time to market, competitive pricing, excellent customer
satisfaction and repeat business. For more information, visit:
www.amplitechgroup.com
Forward-Looking Statements
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, 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:
@AmpliTechAMPGInstagram: @AmpliTechAMPGFacebook:
AmpliTechIncLinkedIn: Amplitech Group Inc
Investor Social MediaTwitter:
@AMPG_IRStockTwits: @AMPG_IR
Company Contact:Jorge
FloresInvestors@amplitechgroup.com
Amplitech (NASDAQ:AMPG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Amplitech (NASDAQ:AMPG)
Historical Stock Chart
From Sep 2023 to Sep 2024