BOHEMIA, NY, Feb. 20, 2018 (GLOBE NEWSWIRE) --
AmpliTech Group, Inc. (OTCQB: AMPG) announced today that the Company’s bookings surpassed $1Million dollars as of February 2018. AMPG invested heavily in 2017 on R&D for product development in key areas such as specialty amplifiers for:
PRODUCT TECHNOLOGY
- Quantum computing -- The Company's special cryogenic LNAs have provided a local made in USA solution to the rigors of handling and crunching Big Data by the leading A.I. companies -- These special cryogenic LNAs that can operate down to 4 deg K and have successfully demonstrated satisfactory performance in leading quantum computer companies.
- High-speed internet gateways for satellites, ground stations, and Airline Wi-Fi in Airplanes and Vehicles -- AMPG has broken the sound barriers and lowered the noise to record lows in the major Satellite bands up to 40 GHz and has supplied it’s premier LNAs to leading subscription satellite companies and internet providers.
- Astronomy/Deep Space exploration and observation via the lowest Noise Figure Cryogenic LNAs to reach the faintest of signals in the farthest reaches of deep space
- Cyber-security Hardware Development – These new anti-hackable chipsets will revolutionize and fortify the cybersecurity and cryptocurrency exchanges through our Joint Venture Agreement with Trusted Networks, where software alone cannot protect from breaches and multiple successful hacking attempts from attackers.
Mr. Maqbool stated, “With 3 quarters to go, we plan to build our backlog up significantly and therefore, the revenues. We are confident that our core strengths align well with the technology necessary to provide solutions for many of the technological challenges we are facing today as mentioned briefly above. Part of the increase in bookings can be attributed to advances in these technologies and development of innovative products. This supports the strategy that AMPG is following to expand its product lines.”
Among the other reasons for the rise in bookings is:
ADVERTISING AND AWARENESS STRATEGY
- Increased exposure from advertising in leading trade magazines and newsletters.
- Increased exposure and awareness of our products by exhibiting and attending three different large international trade shows geared towards highlighting the specific products we have developed
- Key customer visits and collaboration for enhanced product development
- Increased sales from our Distributor ECM who stocks latest and legacy parts in order to provide our customers better prices and availability; thereby increasing overall sales and customer confidence.
MANAGEMENT STRATEGY
AMPG has appointed 2 new Board of Directors in order to solidify the management to build new bridges to capital and technology as well as signing on a well-established sales representative for the Asia and Middle East region (fasted growth sectors in the world) to promote AMPG’s product distribution in Asia, Middle East, and all over the globe. Whereas, these new members of the BOD will help to build and attract more business, investors, and resources to further help AMPG to grow, AMPG is still planning on adding additional strategic board members that will springboard the Company’s efforts to increase its product offerings and revenues. Details will be revealed in future press releases.
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. Click here to view AmpliTech video. Website: http://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.