AmpliTech Group Inc. AMPG Archives

ThursdayDec 16, 2021 11:18 am

QualityStocksNewsBreaks – AmpliTech Group Inc. (NASDAQ: AMPG) Releases Acquisition Update, Anticipated Results

AmpliTech Group (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, has completed the purchase of the assets and operations of Spectrum Semiconductor Materials Inc. Based in California, Spectrum is a rapidly growing global specialty distributor of semiconductor components. According to AMPG, the transaction should provide significant financial benefits to the company while also adding significant distribution reach. The announcement noted that Spectrum is on track to reach unaudited 2021 revenue $13 million unaudited revenue for 2021. The announcement also observed that Spectrum has an existing…

FridayNov 19, 2021 3:25 pm

QualityStocksNewsBreaks – AmpliTech Group Inc. (NASDAQ: AMPG) Enters Strategic Agreement to Acquire Silicon Valley-Based Spectrum Semiconductor Materials

AmpliTech Group (NASDAQ: AMPG) is 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. The company today announced its entry into a definitive agreement to acquire the assets and operations of Spectrum Semiconductor Materials Inc., a rapidly growing global specialty distributor of semiconductor components based in San Jose, California. Subject to satisfaction of certain conditions, the transaction is expected to close within fiscal year 2021. “Spectrum Semiconductors is a perfect fit for advancing AmpliTech’s strategic goals and delivering shareholder value,” AmpliTech CEO Fawad Maqbool said in the news…

TuesdayNov 16, 2021 10:23 am

QualityStocksNewsBreaks – AmpliTech Group Inc. (NASDAQ: AMPG) Reports Q3 Financial Numbers, Business Highlights

AmpliTech Group (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, has released its Q3 2021 financial results as well as results for its first nine months of 2021. Third-quarter revenue totaled $1,056,595 for the quarter with the company contracting for $1.2 million in new orders for LNA technology in the fourth quarter, resulting in AmpliTech increasing its order backlog to a record $3.35 million as of Nov. 15, 2021, compared to a $2.45 million backlog in August 2021. The company also signed a lease for…

TuesdayNov 02, 2021 1:18 pm

QualityStocksNewsBreaks – AmpliTech Group Inc.’s (NASDAQ: AMPG) AGMDC Unveils Initial Semiconductor Designs for Production

AmpliTech Group (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 that its Texas MMIC Design Center (“AGMDC”) is now fully operational, and its initial designs have been released for wafer production. According to the update, the designs integrate AmpliTech’s industry leading low-noise figures into more compact packages that will allow for integration into a larger range of consumer applications. “We find that semiconductors today do not provide the performance network providers need to achieve true 5G data rates in excess of 1 Gb…

FridayOct 29, 2021 11:37 am

QualityStocksNewsBreaks – AmpliTech Group Inc. (NASDAQ: AMPG) to Relocate Headquarters, Expand Manufacturing Capacity

AmpliTech Group (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, plans to move its manufacturing and headquarters operations into a new 20,000 square-foot facility located in Hauppauge, New York. The company has signed an initial seven-year lease on the property. The company, whose present facility measures 13,100 square feet, observed that the new facility allows AMPG to bring together its design, engineering, and sales and marketing teams together under one roof, a move that will support greater collaboration and operational efficiency; the move, which is…

FridayOct 29, 2021 11:06 am

QualityStocksNewsBreaks – Playgon Games Inc. (TSX.V: DEAL) (OTCQB: PLGNF) Plans Completion of Private Placement

Playgon (TSX.V: DEAL) (OTCQB: PLGNF), a propriety Software as a Service (“SaaS”) technology company delivering mobile live-dealer technology to online gaming operators globally, has announced its intentions for a nonbrokered private placement. The company plans to complete the placement of units of the company offered at $0.30 per unit with gross proceeds reaching up to $5 million. The announcement noted that each unit would include one common share and one-half of one common share purchase warrant, with each whole warrant granting the holder the right to acquire an addition common share at $0.50 per common share; the holder will have…

ThursdayOct 28, 2021 3:11 pm

QualityStocksNewsBreaks – AmpliTech Group Inc. (NASDAQ: AMPG) Receives New Orders Totaling $1.2M

AmpliTech Group (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 that it has received $1.2 million in new orders for its for Low Noise Amplifier (“LNA”) technology. The orders came from a Fortune 500 global defense and aerospace company and defense aerospace, naval and commercial aerospace applications provider. According to the announcement, the most recent orders increase AMPG’s order backlog to a record $3.4 million; the company anticipates shipping these orders in calendar 2022. “AmpliTech’s industry-leading LNA technology increases the power of a radio…

MondayOct 04, 2021 1:00 pm

QualityStocksNewsBreaks – AmpliTech Group Inc. (NASDAQ: AMPG) Announces Launch of Texas-Based MMIC Semiconductor Chip Design Center

AmpliTech Group (NASDAQ: AMPG), a designer, developer and manufacturer of state-of-the-art signal-processing components and semiconductor chips for satellite and 5G communications networks, defense, space, and other commercial applications, today announced plans to open a MMIC chip design center in Texas. According to the update, AmpliTech expects the facility, with a team of highly experienced MMIC design professionals, to be fully operational by year-end 2021. “The formation of the MMIC Design Center illustrates AmpliTech’s continued focus on innovation and technology leadership, as well as our risk and cost-management disciplines,” said Fawad Maqbool, CEO of AmpliTech. “We are building our company to…

ThursdaySep 30, 2021 1:22 pm

QualityStocksNewsBreaks – AmpliTech Group Inc. (NASDAQ: AMPG) Making Strategic Investments to Tap into Hyper-Growth Opportunities

AmpliTech Group (NASDAQ: AMPG), a company with a rich history in the design and manufacture of microwave amplifiers and components, has always focused on building a strong reputation anchored on performance and quality. This focus has earned it follow-on orders for its Low Noise Amplifier (“LNA”) technology from several global customers, including a high-speed satellite broadband services provider and a Fortune 500 defense and aerospace customer. AmpliTech has also gained recognition through receipt of numerous supplier quality awards, including one for best technology from an industry leading trade magazine. The company anticipates growing business activity and increased customer demand as…

ThursdaySep 23, 2021 1:43 pm

QualityStocksNewsBreaks – AmpliTech Group Inc. (NASDAQ: AMPG) Witnesses Impressive First Half of 2021

AmpliTech Group (NASDAQ: AMPG) recently announced financial results for the first six months of the 2021 fiscal year, along with Q2 2021 results. “The first six months of 2021 were significant for AmpliTech,” reads a recent article. “For starters, the company completed its financial recapitalization and Nasdaq uplisting. This move allowed it to raise working capital of $29.8 million as of June 30. This capital would go into product development, sales and marketing infrastructure investments while also offering the financial strength needed to engage with global customer prospects that were previously out of the company’s reach.” The company was also…

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