AmpliTech Executes Strategic Joint Venture Agreement With French-U.K. Companies


Bohemia, July 17, 2014 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (OTCQB: AMPG) ("AmpliTech" or the "Company"), a trusted provider of RF/microwave, microelectronic, and low noise amplifiers for critical and high-reliability, wireless and commercial applications, announced today that they have entered into a joint venture agreement to develop new SATCOM (SATellite COMmunication) products to support the growing demand from domestic and international OEM's (Original Equipment Manufacturers) and customers. AO Technologies, the French and UK based companies that have a proven history in microwave sub-system and component manufacturing serving the large Satellite service providers such as Eutelsat, Thales Alenia Space, Yahsat and Arabsat has joined AmpliTech to support more product development using AmpliTech's state-of-the-art SATCOM LNAs and subsystems and combining them with AO's already widespread earth stations and systems integration technology.

Fawad Maqbool, President and CEO of AmpliTech , stated ," We entered into talks earlier this year but I am pleased to see that we have now followed up and concluded our joint venture agreement. We believe that this strategic alliance will increase both domestic and international sales, particularly in Europe, Middle East, and Africa where AO is strong and AmpliTech has less of a presence." This Agreement will bridge the gap between the two product offerings and provide a seamless source for much bigger product lines creating more customer awareness and services, which will ultimatelly lead to more revenues.

View the video "AmpliTech on TV" to learn more about AmpliTech or visit our website http://www.amplitechinc.com.

About AmpliTech Group, Inc.

AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF components for the International Commercial, SATCOM, Space, and Military markets. These designs cover the frequency range from 50 kHz to 40 GHz - eventually, offering designs up to 100 GHz. AmpliTech also provides consulting services to help with any microwave components or systems design problems. Our steady growth over the past 10+ years has come about because we can provide complex, custom solutions for nearly ANY custom requirements that are presented us. In addition, we have the best assemblers, wires, and technicians in the industry and can provide contract assembly of customers' own designs. Website: http://www.amplitechinc.com

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Forward-looking Statements

This release contains statements that constitute forward-looking statements. These statements appear in a number of 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: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy. 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 as a result of various factors.

CONTACT: AmpliTech Group, Inc. 35 Carlough Rd. #3 Bohemia, NY 11716 Website: http://www.amplitechinc.com Phone: 631-521-7831 Email: info@amplitechinc.com IR Craig Fischer 786.375.0556

Source:AmpliTech, Inc.

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