AMPG - AmpliTech Groupâ€™s Division Spectrum Semiconductor Materials Inks Distribution Deal with NGK Electronic Devices a Leading Global Semiconductor Manufacturer

April, 17 2023 09:30 AM Amplitech Group Inc.

(NewsDirect)

McapMediaWire - AmpliTech Group,Inc . (NASDAQ: AMPG ) a designer, developer, andmanufacturer of state-of-the-art signal-processing components forsatellite, 5G, and other communications networks, and a worldwidedistributor of packages and lids for integrated circuit assembly, aswell as a designer of complete 5G/6G systems, is proud to announce itspartnership with NGK Electronic Devices, a powerhouse in thesemiconductor packaging industry, to become their US distributor forNGK's state-of-the-art RF Microwave products. This partnershipmarks NGK's first distribution agreement with a US partner,presenting a significant opportunity for both parties.

NGK Electronic Devices,based in Japan, is a world leader in the development and manufacturingof ceramic semiconductor packages. These advanced products play acrucial role in the semiconductor packaging industry, addressing keyconcerns such as heat management and electrical insulation.AmpliTech's semiconductor distribution division, SpectrumSemiconductor, will leverage its extensive distribution network andexpertise to ensure that NGK's RF Microwave Packages product lineis readily available to customers across the United States, furtherexpanding NGK's global presence.

AmpliTech's Founder and CEO, Fawad Maqbool, isexcited for the collaboration, stating, "We are honored to becomeNGK’s first distribution partner in the US. They are pioneers in thesemiconductor space, and we look forward to bringing their solutionsto the US market. This partnership is expected to be mutuallybeneficial as we have a large overlap in the industries we serve,including the telecom, aerospace, defense, industrial, and consumerelectronics sectors. By becoming their first US distributor forNGK's products, we are confident that we can provide exceptionalvalue to our customers and solidify our position as a driving force inthe semiconductor space.” Furthermore, Mr. Maqbool added, “Thesepackages complement both our Semiconductor Packages and MMICdivisions, increasing their product offerings and paving the way forour MMICs to be implemented using the wide array of RF semiconductorpackages from NGK. This will provide the latest technology solutionsto OEMs requiring these types of advanced packages for use incellphones, radios, laptops, satellites, etc.”

This strategicpartnership serves as a testament to both companies' shared visionof delivering unparalleled quality and technological innovation to themarket. AmpliTech's partnership with NGK presents a tremendousopportunity for growth and expansion in the US market, furthercementing their respective reputations as leaders in theindustry.

About AmpliTech Group

AmpliTech Group, Inc. designs, develops,manufactures, and distributes state-of-the-art radio frequency (RF)microwave components for global satellite communications, telecom (5G& IoT), space, defense, and quantum computing markets as well assystems and component design consulting services. In December 2021,AmpliTech completed the purchase of the assets and operations ofSpectrum Semiconductor Materials Inc. a global specialty distributorof semiconductor 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

About NGK InsulatorsLtd.:

Established in 1919, NGK Electronic Devices. is a global leaderin the field of ceramic semiconductor packages, providing innovativesolutions to the semiconductor packaging industry. With a rich historyof over a century, NGK has consistently demonstrated its ability tostay at the forefront of technological advancements, catering to theever-evolving needs of the industry. As a pioneer in their field, NGKis committed to delivering high-quality products that address thechallenges faced by its customers in heat management and electricalinsulation. To learn more about NGK and their innovative productofferings, please visit https://www.ngked.co.jp/en/

Safe HarborStatement

This release contains statements that constituteforward-looking statements. These statements appear in several placesin this release and include all statements that are not statements ofhistorical fact regarding the intent, belief or current expectationsof the Company, its directors or its o?cers with respect to, amongother things: (i) the Company's ability to execute its businessplan as anticipated; (ii) trends affecting the Company's?nancial condition or results of operations; (iii) the Company'sgrowth strategy and operating strategy. The words "may""would" "will" "expect" "estimate""anticipate" "believe" "intend" and similarexpressions and variations thereof are intended to identifyforward-looking statements. Investors are cautioned that any suchforward-looking statements are not guarantees of future performanceand involve risks and uncertainties, many of which are beyond theCompany's ability to control, and that actual results may differmaterially from those projected in the forward-looking statementsbecause of various factors. Other risks are identi?ed and describedin more detail in the “Risk Factors” section of the Company’s?lings with the SEC, which are available on our website. Weundertake no obligation to update, and we do not have a policy ofupdating or revising these forward-looking statements, except asrequired by applicable law.

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Company Contact:

Shan Sawant,Director of Communications

AmpliTech Group, Inc.

Investors@amplitechgroup.com

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