AMPG Announces Strategic Partnership With a A Leading Contract Manufacturing Company To Increase Capacity
New York, Sept. 26, 2013 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (OTC QB: AMPG) ("AmpliTech" or the "Company"), a trusted provider of RF/microwave, microelectronic, MMIC, and low noise amplifiers for critical and high-reliability, wireless and commercial applications,recently announced due to its record backlog, Amplitech has developed a strategic partnership with a leading US high quality microelectronics contract manufacturer. This partnership will help facilitate the manufacture and shipment of our record backlogged items much quicker and increase our overall sales and throughput. This will then contribute to stellar numbers for our last quarter, in terms of revenue and profitability. In addition to having a state-of-the-art CM facility that can manufacture commercial microwave components and modules, the new CM partner will have the ability to manufacture the lucrative and stringent Space Qualified Products. President and CEO, Fawad Maqbool stated that "not only will this partnership support commercial, military and space design architecture, but it will also allow us to obtain the high-end space customers that were previously limited by the smaller output and less capability to support the demanding requirements of the space qualified parts. The higher volumes of output will make us even more competitive. Our custom products are being sought for these applications more than ever before. The shorter delivery cycle is a great plus for our customers and we will attract many more with this new approach."
The Company recently announced that it had received over $500,000 of orders during the second quarter from 3 large defense and commercial contractors for its state-of-the-art amplifier solutions when attending the International Microwave Symposium in Seattle WA. earlier this year."These were awarded contracts from some of the largest defense contractors in the Microwave space. Delivery establishes the company's ability to perform on the ever critical demands of the custom designed microwave products while maintaining the timely delivery schedule. Establishing these relationships with large companies in the Microwave space, once these contracts are fulfilled, we would hope to expand the relationship to include a new generation of components and subsequent follow through orders."stated Fawad Maqbool, Chief Executive officer of AmpliTech Corp.
About AmpliTech Group, Inc.
AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF components for the International Commercial, 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 10+ 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.
Media services by: Vitello Capital Ltd & 18KT.tv LLC
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:
AmpliTech Group, Inc.
35 Carlough Rd. #3Bohemia,
NY 11716
Website:?http://www.amplitechinc.com
Phone:?631-521-7831
Email: info@amplitechinc.com
http://finance.yahoo.com/news/amplitech-group...21098.html
New York, Sept. 26, 2013 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (OTC QB: AMPG) ("AmpliTech" or the "Company"), a trusted provider of RF/microwave, microelectronic, MMIC, and low noise amplifiers for critical and high-reliability, wireless and commercial applications,recently announced due to its record backlog, Amplitech has developed a strategic partnership with a leading US high quality microelectronics contract manufacturer. This partnership will help facilitate the manufacture and shipment of our record backlogged items much quicker and increase our overall sales and throughput. This will then contribute to stellar numbers for our last quarter, in terms of revenue and profitability. In addition to having a state-of-the-art CM facility that can manufacture commercial microwave components and modules, the new CM partner will have the ability to manufacture the lucrative and stringent Space Qualified Products. President and CEO, Fawad Maqbool stated that "not only will this partnership support commercial, military and space design architecture, but it will also allow us to obtain the high-end space customers that were previously limited by the smaller output and less capability to support the demanding requirements of the space qualified parts. The higher volumes of output will make us even more competitive. Our custom products are being sought for these applications more than ever before. The shorter delivery cycle is a great plus for our customers and we will attract many more with this new approach."
The Company recently announced that it had received over $500,000 of orders during the second quarter from 3 large defense and commercial contractors for its state-of-the-art amplifier solutions when attending the International Microwave Symposium in Seattle WA. earlier this year."These were awarded contracts from some of the largest defense contractors in the Microwave space. Delivery establishes the company's ability to perform on the ever critical demands of the custom designed microwave products while maintaining the timely delivery schedule. Establishing these relationships with large companies in the Microwave space, once these contracts are fulfilled, we would hope to expand the relationship to include a new generation of components and subsequent follow through orders."stated Fawad Maqbool, Chief Executive officer of AmpliTech Corp.
About AmpliTech Group, Inc.
AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF components for the International Commercial, 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 10+ 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.
Media services by: Vitello Capital Ltd & 18KT.tv LLC
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:
AmpliTech Group, Inc.
35 Carlough Rd. #3Bohemia,
NY 11716
Website:?http://www.amplitechinc.com
Phone:?631-521-7831
Email: info@amplitechinc.com
http://finance.yahoo.com/news/amplitech-group...21098.html
