SOURCE: AmpliTech Group, Inc.

AmpliTech Group, Inc.

February 16, 2016 12:38 ET

AmpliTech Group Moves Into New Facility

A New Era Begins for State-of-the-Art Low Noise (LNA) and Power Amplifier (PA) Technology

BOHEMIA, NY--(Marketwired - Feb 16, 2016) - AmpliTech Group, Inc. (OTCQB: AMPG) announced today that they have completed the move to their new facility at 620 Johnson Avenue in Bohemia, NY. CEO Fawad Maqbool stated, "The new facility is located in the heart of the Industrial Center in Bohemia, NY. It is located minutes from the Islip MacArthur Airport, a main business hub for Long Island and Southwest Airlines. This new location and double the space from our previous location will allow us to increase our productivity and exposure to the larger OEM customers that we will now be targeting for expanding our business. This strategic move is part of our plan to grow our sales, revenue, and profitability as we have been doing throughout the last 15 months. In the coming months we will finalize the development of our revolutionary CoolAmp™ Series of Low Noise Amplifiers (LNA) for wireless and satellite markets and introduce a new line of SSPA (Small Signal Power Amplifiers) and HPA and MPA (High Power and Medium Power Amplifiers) for the same markets.

These products will greatly improve the mobile and wireless network signals and push us into the next generation of wireless productivity. The expanded product lines will launch us into these lucrative and rapidly growing large volume markets. We received some large orders last quarter and we plan to continue to book large orders for the coming months and expect to increase our revenue considerably for the rest of the year. Our first quarter will exhibit some inertia due to the move and logistic issues, but by the second quarter, we will be well on our way."

About AmpliTech Group, Inc.

AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF components for the Domestic and International, SATCOM, Space, and Military markets. These designs cover the frequency range from 50 kHz to 40 GHz - eventually, offering designs up to 100 GHz. AmpliTech also provides consulting services to help with any microwave components or systems design problems. Our steady growth over the past 13+ years has come about because we can provide complex, custom solutions for nearly ANY custom requirements that are presented us. In addition, we have the best assemblers, wires, and technicians in the industry and can provide contract assembly of customers' own designs. Website: www.AmpliTechInc.com

Forward-looking Statements

This release contains statements that constitute forward-looking statements. These statements appear in a number of 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 financing plans; (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 as a result of various factors.

Contact Information

  • CONTACT:
    Fawad Maqbool
    CEO
    AmpliTech Group, Inc.
    (631) 521-7831