AMPG - AmpliTech Group CEO Fawad Maqbool Shares Insights at HIA-LI Innovation Event

April, 25 2023 09:15 AM Amplitech Group Inc.

(NewsDirect)

AmpliTech Group, Inc . (NASDAQ: AMPG )a renowned designer, developer, and manufacturer of state-of-the-artsignal-processing components for satellite, 5G, and othercommunication networks, and a worldwide distributor of packages andlids for integrated circuit assembly, hosted the HIA-LI Innovationevent this week at its headquarters in Hauppauge. Fawad Maqbool, theFounder and CEO of AmpliTech, participated in a panel discussionalongside esteemed industry leaders and elected town officials.

The event, aimed atpromoting and celebrating innovative businesses in Long Island,gathered a select group of experts to discuss the latest trends,challenges, and future prospects in technology and innovation. As thehead of AmpliTech, a company committed to enabling the communicationssystems of tomorrow, today, Mr. Maqbool provided valuable insightsinto the industry and his company's contributions to the vibrantLong Island business ecosystem.

Under Mr. Maqbool's leadership, AmpliTech hasbeen at the forefront of technological advancements in the fields of5G, satellite communications, and defense applications. Thecompany's cutting-edge products have contributed to the rapidexpansion of the wireless communications industry and is committed tobecome a global leader in its sector.

During the HIA’s panel discussion, FawadMaqbool shared his views on the significant role Long Island plays indriving innovation and entrepreneurship. The Hauppauge Innovation Parkwhere AmpliTech is located, is comprised of over 55K employees, 1,300companies contributing over $13 Billion to the Long Island economy (asmentioned on HIA-LI’swebsite ).

This event emphasized the importance of nurturing young talentand fostering connections between academia and the private sector topropel the growth of Long Island's economy. Mr. Maqbool, agraduate of NYU Tandon School of Engineering, early in his career hadthe vision of creating his own company, located in the HauppaugeInnovation Park, which is now a reality. As someone focused onbuilding technology that will propel new innovations, Mr. Maqboolexpressed excitement about how the products his company is working onwill set the stage for the next phase of innovation in disruptivetechnologies in the communications sector. He specifically mentionedhow satcom, 5G/6G, and quantum computing, will serve as the pillarsupon which the next generation of wireless technology will operate.Mr. Maqbool praised the HIA-LI event and esteemed organizers andparticipants, as an essential platform for networking, collaboration,and knowledge-sharing among the region's innovativebusinesses.

TheHIA-LI Innovation event showcased the strength and diversity of LongIsland's technology landscape, providing an opportunity forindustry leaders like Fawad Maqbool to share their experiences andvision for the future.

About AmpliTechGroup:

AmpliTech Group, Inc. designs, develops, manufactures, anddistributes state-of-the-art radio frequency (RF) microwave componentsfor global satellite communications, telecom (5G & IoT), space,defense, and quantum computing markets as well as systems andcomponent design consulting services. In December 2021, AmpliTechcompleted the purchase of the assets and operations of SpectrumSemiconductor Materials Inc. a global specialty distributor ofsemiconductor components based in San Jose, CA. AmpliTech has a 13+year track record of developing high performance, custom solutions tomeet the unique needs of some of the largest companies in the globalindustries we serve. We are proud of our focused team's uniqueskills, experience and dedication, which enables us to deliversuperior solutions, faster time to market, competitive pricing,excellent customer satisfaction and repeat business. For moreinformation, visit: www.amplitechgroup.com

AboutHIA-LI:

HIA-LI is an organization dedicated to promoting economicdevelopment and growth in Long Island, New York. Through networkingevents, educational programs, and strategic partnerships, HIA-LIconnects businesses, entrepreneurs, and professionals to fosterinnovation, collaboration, and success in the region.

Corporate SocialMedia

Twitter:

Instagram: @AmpliTechAMPG

Facebook:

Investor SocialMedia

Twitter:

StockTwits: @AMPG_IR

Company Contact:

Shan Sawant,Director of Communications

AmpliTech Group, Inc.

Investors@amplitechgroup.com

Investor RelationsContact: