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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

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

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 Group Well Positioned to Deliver Amid Global Acceleration of Satellite Launches

AmpliTech Group Well Positioned to Deliver Amid Global Acceleration of Satellite Launches News provided by Share this article Share this article BOHEMIA, N.Y., April 28, 2021 /PRNewswire/  AmpliTech Group, Inc. (NASDAQ: AMPG) (NASDAQ: AMPGW) (the Company ), a designer, developer, and manufacturer of custom and standard state-of-the-art RF components for 5G/6G Communications, Commercial, SATCOM, Space, Defense, and Military markets. AmpliTech has enjoyed the advantage of manufacturing some of the highest performing and most reliable low noise amplifiers available for players in the SATCOM space. As the race to launch Low Earth Orbit (LEO) and Medium Earth Orbit (MEO) accelerates, the need for low noise, low power dissipating, and highly reliable amplifiers grows to be absolutely essential for organizations preparing to launch satellites in coming cycles. Marketwatch reports that the global Satellite Communication (SATCOM) market will reach 30.6 Billion US$ by the end of 2025,

AmpliTech Announces Closing of $23 0 Million Registered Direct Offering Priced At-The-Market

Share this article Share this article BOHEMIA, N.Y., April 16, 2021 /PRNewswire/ AmpliTech Group, Inc. (NASDAQ: AMPG) (the Company ), a designer, developer, and manufacturer of custom and standard state-of-the-art RF components for Commercial, SATCOM, Space, Defense, and Military markets, today announced the closing of its previously announced registered direct offering of 2,715,000 shares of common stock priced at-the-market under Nasdaq rules. Additionally, the Company also issued to the investors warrants to purchase an aggregate of 1,900,500 shares of common stock at an exercise price of $8.48 per share with a five-year term in a concurrent private placement. The combined purchase price for one share of common stock with 70% warrant coverage was $8.48. The aggregate gross proceeds to the Company were approximately $23.0 million, before deducting placement agent s fees and expenses of the offering payable by the Company.

AmpliTech Group, Inc Receives Developmental Order for Cryogenic Device to Accelerate Design of New Drugs for Diseases and Materials for Quantum Computers

Share this article Share this article 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.

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