BOHEMIA, N.Y., Feb. 20, 2015 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (OTCQB:AMPG) is pleased to announce the formation of a new division that will be focused on implementing the company's new business strategy. AmpliTech Wireless Solutions Division will use unique core technology from AmpliTech, Inc. to develop new product solutions for the vast wireless and multimedia markets. CEO Fawad Maqbool stated, "We will be introducing new complementary product lines that address a wide range of applications in the rapidly growing global wireless and multimedia markets from mobile handsets, cellular base stations, to higher volume consumer electronics devices including Wi-Fi modems/routers, GPS receivers, and set-top boxes." The new division will represent AmpliTech's vision for the future direction of the company where new products, innovative technologies, and new management will be the new face of AmpliTech.
CEO Fawad Maqbool further added, "We also are working on creating a joint venture with our strategic partner, Microphase Corporation, to co-design and support the anticipated new product lines. There will be a bidirectional exchange of products between all divisions to promote more efficient technology development and maintain product excellence. We are confident that this new path will lead to substantial growth and an exciting new beginning for the company."
About AmpliTech Group, Inc.
AmpliTech Group, Inc. is an innovative provider of advanced radio frequency technology solutions serving applications from 50 kHz to 100 GHz across a diverse mix of markets. AmpliTech designs, develops, and manufactures custom and standard state-of-the-art RF and microwave and millimeter-wave components and integrated modules for the Domestic and International, SATCOM, Space, wireless infrastructure, test & measurement, and Military markets. In addition to our product offerings we leverage our design and product development expertise and core competencies to provide consulting and manufacturing services to our customers helping them reduce design cycle time and cost, achieve faster time to market, and lower manufacturing costs. Our steady growth over the past 13+ years has been the result of our commitment to not only meet, but to exceed the rigorous performance, quality, and reliability requirements of our diverse mix of customers. Click here to view AmpliTech video. Website: http://www.AmpliTechinc.com
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: Fawad Maqbool, CEO, AmpliTech Group, Inc. (631) 521-7831Source:AmpliTech Group, Inc.