About AmpliTech Group

AmpliTech, Inc. (AmpliTech) designs, engineers, and assembles micro-wave component-based amplifiers that meet individual customer specifications. The company's products consist of Radio Frequency (RF) amplifiers and related subsystems, operating at multiple frequencies from 50kHz to 44GHz, including low noise amplifiers (LNA), medium power amplifiers, cryogenic amplifiers, and custom assembly designs for the global satellite communications, telecom (5G & IoT), space, defense, and quantum computing markets. The company also offers non-recurring engineering services on a project-by-project basis, for a predetermined fixed contractual amount, or on a time plus material basis. The company has both domestic and international customers in such industries as aerospace, governmental, defense and commercial satellite. The company's divisions include Specialty Microwave, Spectrum Semiconductor Materials, AmpliTech Group MMIC Design Center (AGMDC) and AmpliTech Group True G Speed Services (TGSS). Specialty Microwave designs and manufactures state-of- the-art precision SATCOM microwave components, RF subsystems and specialized electronic assemblies for the military and commercial markets, flexible and rugged waveguides, wave guide adapters and more. The company owns Spectrum Semiconductor Materials Inc. (SSM). SSM is a globally authorized distributor of integrated circuit (IC) packaging and lids for semiconductor device assembly, prototyping, testing, and production requirements. In 2021, the company opened AGMDC, a monolithic microwave integrated circuits (MMIC) chip design center, in Texas and has started to implement several of its proprietary amplifier designs into MMIC components. AGMDC designs, develops and manufactures state-of-the-art signal processing components for satellite and 5G communications networks, defense, space and other commercial applications, allowing the company to market its products to wider base of customers requiring high technology in smaller packages. In August 2022, AmpliTech Group True G Speed Services (TGSS) division was formed to enable 'true G speeds' to the industry. TGSS' main function will be to plan and configure 5G radio systems and make them O-RAN compliant. TGSS will implement AmpliTech's low noise amplifier devices in these systems to promote greater coverage, longer range and faster speeds. Products and Services The company's core division products consist of connectorized RF amplifiers and related subsystems, operating at frequencies from 50kHz to 44GHz, including low noise amplifiers, medium power amplifiers, cryogenic amplifiers, and custom assembly designs for the aerospace, governmental, defense and commercial satellite markets. The company's fully operational AGMDC division in Texas has successfully transferred its proprietary technology from connectorized products into monolithic microwave integrated circuits, (MMICs) and already offering in chip form, LNA's, power amplifiers, filters, attenuators, thru lines and has the ability to provide custom design projects. In connection with the acquisition of the company's Specialty Microwave Division (SMW), the company began designing and manufacturing passive microwave components and related subsystems that meet individual customer specifications for both domestic and international customers. The company's SSM division is a globally authorized distributor of integrated circuit (IC) packaging and lids for semiconductor device assembly, prototyping, testing, and production requirement. Through its AmpliTech TGSS division, the company is actively developing and manufacturing its newest product line of Open Radio Unit for Sub 6GHz expecting full deployments in late 2023, early 2024 fiscal year. This new phase array product supports 3.4-4.0 GHz and 2.496-2.69 GHz, with 8 x 4 x 2 = 64 Active Phased Array Elements. It is Digital Beam Forming Compliant With O-RAN/Keysight O-DU. This product uses proprietary technology consisted of existing core LNA products, as well as MMICs from its newly launched AGMDC in Texas. Low Noise Amplifiers Low Noise Amplifiers, or LNAs, are amplifiers used in receivers of almost every type of communication system (Wi-Fi, radar, satellite, base station, cell phone, radio, etc.) to improve signal strength and increase sensitivity and range of receivers. Medium Power Amplifiers Medium Power Amplifiers, or MPAs, provide increased output power and gain in transceiver chains to increase signal power and maintain dynamic range and linearity in radars, base-stations, wireless networks, and almost every communication system. Satellite Access Point Block Downconverter (BDC) The Specialty Microwave BDC assembly is used as a test device on Satellite Access Point (SAP) antennas located worldwide. The BDC assembly down converts a Ka band signal, 17.7 GHz to 19.7 GHz, from the LNAs on either polarization of the antenna to between 950 and 2150 MHz using a high and low band block downconverter. 1:2 Tx Protection Switch Panel Subsystem The Specialty Microwave 1:2 Tx Protection Switch panel is a logic panel used in satellite communications earth stations. The system mechanism operates waveguide and coaxial switches to operator desired positions. Desktop/Benchtop and Compact Wideband Power Amplifiers These products are utilized over a frequency range of .1 to 40 GHz used in SATCOM rack mount systems, as well as test equipment used in integrators and manufacturers of various communications systems, such as cellular base stations, simulators, and point to point wireless radios. Waveguide to Coaxial Adapters These adapters are used in all SATCOM and satellite internet gateway systems from S band to K band, or 2GHz to 50 GHz. Cryogenic Amplifiers The company's line of cryogenic amplifiers is designed to operate at temperatures as low as 4K that offer much lower noise figures than its standard models. Consuming as little DC power as +0.5V DC@8mA, the light weight, compact housings provide excellent performance while generating very little heat. These amplifiers are very useful for applications that require the absolute minimum amounts of noise injection for the growing market of low temperature applications, such as quantum computing, medical applications, RF imaging, research & development, space communications, accelerators, radiometry and telephony. Cryogenic and Non-Cryogenic 4g/5g Small Cell Subsystems These products are utilized in private and public high-speed networks and airline WI-FI systems. IC Packaging Integrated circuit (IC) packaging is the case or enclosure that contains the semiconductor device, protecting it from corrosion or physical damage. The IC packaging also supports the electrical contacts, which connect the semiconductor device to a circuit board. IC packaging often gets sealed with lids, which creates an airtight seal to prevent contaminants, particles, liquids, or gases from entering the packaging to ensure the proper operation of the device. The company offers multiple IC packaging and lids product lines according to desired product specifications, device performance, dimensions, resistances, and tolerances. Strategy The key elements of the company's strategy include new product development; and commercializing of existing core technology into specific high-volume technology sectors and obtaining patent on such technology. Research and Development For the year ended December 31, 2022, the company's research and development costs were $1,024,127. Distribution The company relies on its sales representatives to channel its products throughout the Americas, as well as to countries in Europe, the Middle East and South Asia. The company is ISO 9001:2015 and AS9120B certified for the Distribution of Semiconductor Materials for the Assembly Phase of Integrated Circuit Manufacturing, as well as in compliance with the Conflict Minerals Reporting Template (CMRT), the European Union's Restriction of Hazardous Substances (RoHS) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH) directives, as well as registered with the U.S. Government's System for Award Management (SAM). Marketing The company employs an aggressive and focused approach to market its products, at various venues, including trade shows, strategic alliances, websites and trade magazines. The company targets specific types of customers, such as system integrators, defense contractors, cellular and wireless service providers but it should be noted that it is also focused on expanding its customer base to include users of consumer applications and products. The company continues its online and print ads, as well as its virtual meetings and conferences. In February 2018, the company entered into an advisory agreement with Sunbiz Holding Corp to promote market awareness in Asia and the Middle East. The advisory agreement had been extended for additional two years ending in 2022. Strategic Alliances: The company explores opportunities with global OEMs (original equipment manufacturers) by seeking out strategic alliances that improve sales and presence in the marketplace and expand its product line and capabilities, thereby broadening its customer base. Website: The company maintains a dynamic website to capture more business via worldwide customer searches for its products on the internet. The company's website is available at www.amplitechinc.com. Customers The company serves a diverse customer base located primarily in the United States, Europe and South Asia, in the aerospace, governmental defense, commercial satellite and wireless industries. Some of the company's customers include Viasat, L3 Harris Technologies, Raytheon, Mercury Systems, Cett Technology and Universal Enterprise. The company has both direct and indirect relationships with these customers domestically and abroad via exclusive and non-exclusive sales representatives. History AmpliTech Group, Inc. was founded in 2002. The company was incorporated in 2010 in the state of Nevada.

Country
Industry:
Radio and Television Broadcasting and Communications Equipment
Founded:
2002
IPO Date:
02/22/2013
ISIN Number:
I_US03211Q2003
Address:
155 Plant Avenue, Hauppauge, New York, 11788, United States
Phone Number
631 521 7831

Key Executives

CEO:
Maqbool, Fawad
CFO
Sanfratello, Louisa
COO:
Flores, Jorge