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Amplitech Group Inc : AmpliTech Reports Q1 Results and Growth Outlook Driven by Expected Demand from Satellite, Telecom (5G) and Other Applications With a Cash Position of $30M
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AmpliTech Reports Q1 Results and Growth Outlook Driven by Expected Demand from Satellite, Telecom (5G) and Other Applications With a Cash Position of $30M
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BOHEMIA, N.Y., April 13, 2021 /PRNewswire/ AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW) (the Company ), a designer, developer, and manufacturer of custom and standard state-of-the-art RF components for Commercial, SATCOM, 5G, Quantum Computing, Space, Defense, and Military markets, announced today it received a developmental order from Amplify My Probe, Ltd, for a special cryogenic probe head used to facilitate the study of materials, molecules, and drugs for the treatment of diseases, among many other applications.
The probe uses AmpliTech s innovative cryogenic low noise amplifier technology operating at 5 degrees Kelvin (-450 degrees F) physical temperature. These amplifiers have a uniquely low power dissipation and are also used in quantum computing, nanophysics, and astronomy applications.
AmpliTech Group, Inc Receives Developmental Order for Cryogenic Device to Accelerate Design of New Drugs for Diseases and Materials for Quantum Computers
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