AmpliTech to Highlight Performance of its Quantum Computing, Satellite and 5G/Telecom Signal Amplification Solutions at APS March Meeting (Chicago), Satellite 2022 (Washington) & IMS 2022 (Denver), Respectively
January 27 2022 - 9:36AM
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, today announced an expanded slate of
business development activities for 2022, including its
participation at the following industry conferences:
- American Physical Society APS March
Meeting 2022 - March 14-18 in Chicago, IL – Booth 400. AmpliTech
will highlight its proprietary and unique Low Noise Amplifier
solutions designed for Quantum computing applications.
- Satellite 2022 - March 22-24 in
Washington, DC Booth 211, AmpliTech will highlight its broad range
of Satellite Communication products, integrated systems, block down
converters, protection switch panels, redundant LNA
controllers/plates, passive microwave components, RF subsystems and
other specialized electronic assemblies.
- International Microwave Symposium
IMS - 2022 - June 21-23 in Denver, CO – AmpliTech, a Gold level
sponsor of IMS 2022, booth 3036, plans to debut its full 5G system
at IMS 2022. The system utilizes the Company’s proprietary Low
Noise Amplifier technology to create a cost-effective solution that
achieves true 5G data transmission at speeds of up to 1 Gb/s and
can be used to retrofit existing cell towers.
AmpliTech management is reserving a few time slots at each
conference to meet with interested investors. Please contact the IR
representatives listed below to schedule a meeting.
AmpliTech CEO, Fawad Maqbool, commented, “AmpliTech entered 2022
with a backlog of $10.5M in orders expected to ship principally in
the first half while we ramp-up our business development efforts.
Our backlog provides visibility for strong revenue growth in 2022
versus $3.5M in revenue generated over the twelve months ended
September 30, 2021.
“We are increasing the pace and reach of our sales and marketing
activity across key market verticals to introduce our expanding
base of technology solutions, with particular emphasis on our
first-ever line of low noise amplifier (LNA) MMIC chipsets. We have
taken our proprietary LNA designs and translated them into
semiconductor chip designs that enable greater scalability,
performance and lower power consumption. We have begun to introduce
this break-through product line to a few large customers and have
confirmed our participation at three specialty conferences in the
first half of 2022 to widen our market reach. We expect to add
additional events as the year progresses.
“In early December we participated at the AOC
conference, a leading gathering of defense
industry specialists in Washington, DC, where the high performance
of our LNA MMICs attracted very strong interest. AmpliTech’s LNA
MMICs will deliver low noise amplification performance that far
exceeds currently available solutions across a range of high and
low frequencies, with a substantially smaller chipset form factor
and far lower power requirements. Given the very compelling return
on investment these chips can provide, we attracted 47 customer
meetings over two days. We met with senior decision makers in the
U.S. military and a range of procurement managers and engineers
with major defense and aerospace contractors, all of whom expressed
interest in our MMIC offerings.
“We have completed our first trial MMIC silicon wafer run which
achieved an 85% success rate. We are now dicing the wafer into
individual MMIC chips and plan to launch initial customer sampling
later this quarter while we work to fine-tune our production design
in preparation for our first full production run in the second
quarter. I’m grateful to our very talented MMIC design center team
which has brought MMIC vision into reality in just a short period
of time since inception of the AGMDC.”
About AmpliTech
(www.AmpliTechinc.com)
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 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 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, 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.
Non-GAAP Financial Information
This press release includes a statement relating to the
Company’s order backlog. Backlog represents the dollar amount of
net sales that we expect to recognize in the future from sales
orders that have been received from customers in the ordinary
course of business. The Company considers order backlog a relevant
and preferred supplemental measure for understanding the Company’s
financial and market position. However, such measure has inherent
limitations, is not required to be uniformly applied or audited and
other companies may use methodologies to calculate similar measures
that are not comparable. Readers should be aware of these
limitations and should be cautious as to their use of such
measure.
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Company Contact: |
Investor Relations Contact: |
Shan
Sawant |
David
Collins or Bill Jones |
Director of
Communications |
Investor
Relations |
AmpliTech
Group, Inc. |
Catalyst
IR |
shan@AmpliTech.com |
AMPG@catalyst-ir.com |
646-546-7128 |
212-924-9800 |
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