AMPG - AmpliTech Records a New Benchmark at Satellite 2023 Show in Washington D.C.
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McapMediaWire - AmpliTech Group, Inc . (NASDAQ: AMPG ), a designer, developer, and manufacturer ofstate-of-the-art signal-processing components for satellite, 5G, andother communications networks, as well as a worldwide distributor ofpackages and lids for integrated circuit assembly, is excited toannounce an unprecedented achievement at the Satellite 2023 show heldin Washington, D.C. The company recorded more than 100 meetings withexecutives in the satellite communications (Satcom) space – a newrecord for the prestigious event. Among the attendees were multipleFortune 100 companies, top-tier research institutions, and excitingstartups driving the next generation of connectivity.
The Satellite 2023show, one of the most significant gatherings in the satellite andspace industry, served as the ideal platform for AmpliTech to showcaseits cutting-edge technology and capabilities, including itsindustry-leading amplifiers with the best gain-to-noise ratio on themarket and its new MMIC amplifier line. The record-breaking number ofmeetings held with industry leaders and decision-makers reflectsAmpliTech's commitment to providing innovative solutions for therapidly evolving Satcom market.
During the show, AmpliTech's team engaged inmeaningful discussions with executives from various sectors of theSatcom industry. They expressed keen interest in AmpliTech'shigh-performance LNAs, which can be implemented in a wide range ofapplications, including satellite teleports, antennas, satellitemodems, phased array antennas, and satellites themselves.
AmpliTech's LNAsare renowned for their industry-leading performance, reliability, andefficiency. The company's proprietary technology enables satellitecommunication systems to achieve optimal signal reception andtransmission, ultimately leading to enhanced communicationcapabilities and reduced overall costs for satellite operators.
Some customers were soimpressed with AmpliTech's product line that they had alreadyentered the specifications and RFQ (Request for Quotation) phase. Thisdemonstrates the high level of confidence in AmpliTech's LNAsolutions and their potential for revolutionizing the Satcomindustry.
"Weare thrilled with the success we experienced at the Satellite 2023show," said Fawad Maqbool, CEO of AmpliTech. "Incorporatinghigh-quality amplifiers in our satellites is crucial for optimalsignal transmission and reception. The pitfalls of using sub-paramplifiers can lead to signal degradation, increased interference, andultimately, higher operational costs for satellite operators. Byutilizing our industry-leading amplifiers, we provide our clients withenhanced communication capabilities and a more cost-effectivesolution. Our record-breaking number of meetings with representativesfrom Fortune 100 companies, top research institutions, and innovativestartups is a testament to the growing interest in more performant LNAsolutions to avoid the mentioned pitfalls, and the risk ofobsolescence in ground stations and satellites. We are eager tocontinue collaborating with industry leaders and contributing to thedevelopment of the next generation of satellite communicationsystems."
Asa pioneer in the RF space, AmpliTech remains dedicated to drivinginnovation in the Satcom sector. The company is well-positioned tosupport the rapid advancements in satellite technology and expand itsglobal presence through strategic partnerships and collaborations withindustry frontrunners.
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 the unique skills, experience anddedication of our focused team which enables us to deliver superiorsolutions, faster time to market, competitive pricing and excellentcustomer satisfaction and repeat business.
Safe Harbor Statement
This release containsstatements that constitute forward-looking statements. Thesestatements appear in several places in this release and include allstatements that are not statements of historical fact regarding theintent, belief or current expectations of the Company, its directorsor its o?cers with respect to, among other things: the lingeringimpact of the COVID-19 pandemic on the Company’s supply chain,revenues and overall results of operations, the Company's abilityto execute its business plan as anticipated; trends affecting theCompany's ?nancial condition or results of operations; and theCompany's growth strategy and operating strategy. The words"may" "would" "will" "expect""estimate" "anticipate" "believe""intend" and similar expressions and variations thereof areintended to identify forward-looking statements. Investors arecautioned that any such forward-looking statements are not guaranteesof future performance and involve risks and uncertainties, many ofwhich are beyond the Company's ability to control, and that actualresults may differ materially from those projected in theforward-looking statements because of various factors. Other risks areidenti?ed and described in more detail in the “Risk Factors”section of the Company’s ?lings with the SEC, all of which areavailable on our website. We undertake no obligation to update, and wedo not have a policy of updating or revising, these forward-lookingstatements, except as required by applicable law.
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AmpliTech Group, Inc.
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