AmpliTech Group (NASDAQ: AMPG), a radio frequency (“RF”) component designer and manufacturer, recently released its Q1 report, which reflected record bookings, a record backlog and the fact that it achieved design wins reflecting its low noise amplifier (“LNA”) products’ performance, durability and heat dissipation. “While the LNA products provide significant value and return on investment for satellite network applications in space, AmpliTech sees other exciting applications,” reads a recent article. “Recently, AmpliTech received a developmental order for a special cryogenic-cooled probe head used to facilitate studies on materials, molecules and drugs to treat diseases.” According to CEO and CTO Fawad Maqbool, the company expects to benefit from the mass reopening of its market segments with the steady decline in COVID-19. “To support the substantial opportunities we have identified, we completed a recapitalization of our company over the first four months of 2021, providing over $30M in current funding to support our growth and demonstrate financial strength to our customers and partners. Additionally, we also uplisted our common stock to Nasdaq to position our company for greater visibility, liquidity and access to a much broader pool of potential investors.”
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About AmpliTech Group Inc.
AmpliTech Group designs, develops and manufactures state-of-the-art radio frequency (“RF”) components for global satellite communications, telecom (5G & IoT), space, defense and quantum computing markets, as well as provides 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 it serves. The company is proud of the unique skills, experience and dedication of its focused team, enabling AmpliTech to deliver superior solutions, faster time to market, competitive pricing, and excellent customer satisfaction and repeat business. For more information about the company, visit www.AmpliTechinc.com.
NOTE TO INVESTORS: The latest news and updates relating to AMPG are available in the company’s newsroom at https://ibn.fm/AMPG
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