AmpliTech Group Announces Receipt of Notice of Allowance for Patents in 5G and Cryogenic Technology For Quantum Computing Applications Hauppauge, NY, October 7, 2024 – PRISM MediaWire – AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits a ...

AmpliTech Group Received Nasdaq Notification of Non-Compliance with Listing Rules 5550(a)(2) Company Expects To Regain Compliance Within Specified PeriodHAUPPAUGE, N.Y., Sept. 30, 2024 – PRISM MediaWire – AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW) (the “Company”), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages ...

AmpliTech Group Receives Over $700,000 In Cash From Single Products Sale At Their Spectrum Division September Bookings To Date Also Surpassed $1 Million MarkHauppauge, NY, September 19, 2024 – PRISM MediaWire – AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids ...

AmpliTech Group’s AGTGSS Division Receives Initial Order For Its Midband 5G Radio Networks From Historic University of Edinburgh UK Hauppauge, NY, September 12, 2024 – PRISM MediaWire – AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits a ...

AmpliTech Group Announces Pricing of $1.0 Million Registered Direct Offering, Priced At-The-Market HAUPPAUGE, N.Y., Sept. 9, 2024 – PRISM MediaWire – AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW) (the “Company”), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today annou ...

HAUPPAUGE, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, announces the company’s participation at two key trade shows domestically and abroad to be held at Las Vegas and Barcelona dur ...

AmpliTech Group’s Bookings Surpass $1M In August 2024 In Addition To Above Bookings, Spectrum Semiconductor Materials Division Completes $700K Single Sale Transaction During The Week of August 26th 2024Hauppauge, NY, August 30, 2024 – PRISM MediaWire – AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and ...

Financial Data and Key Metrics - Q2 2024 revenue was $2.5 million with gross profits of $1 million, maintaining a gross profit margin of approximately 42% despite inflationary pressures [5] - The company reported a loss of $1.57 million for Q2 2024, attributed to lower global and domestic sales, increased corporate expenses, and ongoing R&D efforts [7] - As of June 30, 2024, the company had $2.1 million in cash, cash equivalents, and accounts receivable, with working capital of nearly $10 million and inventory valued at over $7 million [8] Business Line Data and Key Metrics - The public 5G business segment is testing its Massive MIMO ORAN 5G radio at the OTIC Center, with plans for full deployment by the end of 2024 [9] - The private 5G business segment has developed a full end-to-end private 5G license product solution, targeting diverse deployment scenarios including residential homes [10] - The satellite ground station LNB business is seeing growth, with the Ku-band LNB market expected to reach $156.1 billion by 2030 [12] - The cryogenic power supplies for quantum computing have received their first order from a major US-based quantum computing company [15] - The MMIC and chip division has released over 100 new products, with a custom design project expected to require hundreds of thousands of MMIC parts over the next 2-4 years [16] Market Data and Key Metrics - The global 5G infrastructure market is projected to reach $99 billion by 2030, with significant growth opportunities in both public and private 5G networks [17] - The company is the only US-based designer and manufacturer of high-performance LNBs, used in various industries including GPS, content streaming, and airline Wi-Fi [13][14] Company Strategy and Industry Competition - The company is transitioning its revenue stream and product line to focus on 5G, quantum computing, and satellites, moving away from traditional amplifiers to MMICs and chips [26] - Strategic partnerships with industry giants and system integrators are being leveraged to gain market access and accelerate growth in the 5G sector [35] - The company is positioning itself as a leader in the quantum computing industry with its cryogenic products, which are critical for next-gen AI and quantum computing applications [15] Management Commentary on Operating Environment and Future Outlook - Management acknowledges the impact of global economic conditions, including reduced demand and recessionary pressures, but remains optimistic about a recovery in global demand [5][17] - The company expects to announce key relationships and initial 5G deployment contracts domestically and abroad in the coming months [11] - Management anticipates that 5G business will account for 75% to 80% of revenues by 2025, with significant growth expected in both private and public 5G networks [22][24] Other Important Information - The company has started seeing increased RFQ activity since the beginning of Q3 2024, indicating a potential recovery in demand [8] - The company is actively participating in global trade shows to promote its 5G suite of products and new disruptive technologies [16] Q&A Session Summary Question: Pipeline size and revenue expectations - The company has a pipeline of $130 million in opportunities, with a historical conversion rate of 25% to purchase orders [22] - Revenue guidance for 2025 is expected to be around $40 million, with significant growth anticipated in the 5G and quantum computing sectors [28] Question: MMIC line of business - The MMIC division has already generated some small revenues, with a sizable order expected in Q1 2025, driving sales for 2025 and 2026 [31] Question: 4G to 5G tower upgrade opportunity - The company is targeting the upgrade of approximately 1 million towers in the US, with global opportunities also significant [35] - The company expects to start seeing revenue from private 5G networks in 2024, with larger growth expected in 2025 [35] Question: Private 5G network MoU - The company expects to commence revenue from a private 5G network project within the current fiscal year, with potential contract value exceeding $1 million [37] - The project will be deployed in phases, starting with a proof of concept and expanding to more cities and municipalities [39]

AmpliTech Group’s AGMDC Division Moves to Allen Tech Hub in Watters Creek District in Allen, Texas Hauppauge, NY, August 26, 2024 – AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced its AmpliTech Group Microwave ...

HAUPPAUGE, N.Y., Aug. 26, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced its AmpliTech Group Microwave Design Center move into the prestigious cutting-edge Allen Tech Hub in the heart ...