AmpliTech Group’s AGMDC Division Moves to Allen Tech Hub in Watters Creek District In Allen Texas
August 26 2024 - 9:30AM
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 of the Watters Creek District in Allen Texas.
This pivotal move marks a major step forward in
the company’s growth strategy, positioning the AGMDC Division
within one of the most dynamic and innovative technology
communities in the region.
The Allen Tech Hub, renowned for its
state-of-the-art facilities and vibrant tech ecosystem, will serve
as the new home for AmpliTech Group’s AGMDC Division. This
strategic relocation underscores AmpliTech’s commitment to
advancing technology and innovation while providing its team with
an unparalleled environment for collaboration and growth.
"We are thrilled to announce the relocation of
our AGMDC Division to the Allen Tech Hub," said Fawad Maqbool, CEO
of AmpliTech Group. "This move reflects our dedication to fostering
innovation and our commitment to staying at the forefront of the
technology landscape. The new facility will provide our team with
the resources and space needed to drive our cutting-edge projects
and enhance our operational capabilities."
The move to the Allen Tech Hub is set to enhance
AmpliTech Group’s ability to deliver next-generation MMIC and
Microwave Technology solutions for Public and Private 5G networks,
in addition to continued engineering support for existing microwave
products. The new facility boasts advanced manufacturing
capabilities, expansive research and development spaces, and
collaborative work environments that are integral to the company’s
continued success.
"The Allen Tech Hub represents a perfect
alignment with our vision for the future," said Jim Carrol,
President of AGMDC. "Our new headquarters will not only support our
current initiatives but also position us to explore new
opportunities and technologies. We are excited about the
possibilities this move presents for our team and our clients."
The relocation to the Allen Tech Hub is also a
testament to the company's rapid growth and the increasing demand
for its innovative products and solutions. The AGMDC Division’s new
home will facilitate enhanced collaboration and innovation,
enabling AmpliTech Group to continue delivering high-quality,
non-Chinese made products and services that meet the evolving needs
of the 5G industry.
About AmpliTech
Group AmpliTech Group, Inc., comprising five
divisions—AmpliTech Inc., Specialty Microwave, Spectrum
Semiconductors Materials, AmpliTech Group Microwave Design Center,
and AmpliTech Group True G Speed Services—is a leading designer,
developer, manufacturer, and distributor of cutting-edge radio
frequency (RF) microwave components and 5G network solutions.
Serving global markets including satellite communications,
telecommunications (5G & IoT), space exploration, defense, and
quantum computing, AmpliTech Group is committed to advancing
technology and innovation. For more information, please visit
www.amplitechgroup.com.
Safe Harbor Statement This
release contains statements that constitute forward-looking
statements. These statements appear in several places in this
release and include all statements that are not statements of
historical fact regarding the intent, belief or current
expectations of the Company, its directors or its officers with
respect to, among other things, that this facility move will lead
to increase business and unparallel growth. The words "may" "would"
"will" "expect" "estimate" "anticipate" "believe" "intend" and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond the
Company's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
because of various factors. Other risks are identified and described
in more detail in the “Risk Factors” section of the Company’s
filings with the SEC, which are available on our website. We
undertake no obligation to update, and we do not have a policy of
updating or revising these forward-looking statements, except as
required by applicable law.
Contact:
Corporate Social Media:
Twitter: @AmpliTechAMPGInstagram:
@AmpliTechAMPGFacebook:
AmpliTechIncLinkedIn: Amplitech Group
Inc
Investor Social Media:
Twitter: @AMPG_IRStockTwits:
@AMPG_IR
Company Contact:
Jorge FloresTel:
631-521-7831Investors@amplitechgroup.com
Amplitech (NASDAQ:AMPG)
Historical Stock Chart
From Jul 2024 to Aug 2024
Amplitech (NASDAQ:AMPG)
Historical Stock Chart
From Aug 2023 to Aug 2024