AmpliTech Group (NASDAQ: AMPG), a designer, developer and manufacturer of state-of-the-art, signal-processing components for satellite and 5G communications networks, defense, space and other commercial applications, plans to move its manufacturing and headquarters operations into a new 20,000 square-foot facility located in Hauppauge, New York. The company has signed an initial seven-year lease on the property. The company, whose present facility measures 13,100 square feet, observed that the new facility allows AMPG to bring together its design, engineering, and sales and marketing teams together under one roof, a move that will support greater collaboration and operational efficiency; the move, which is slated to be complete by Q1 2022, also provides significant room for growth. “It has been our goal to consolidate our two Long Island locations into a new and enhanced, purpose-driven facility built around our needs,” said AmpliTech Group CEO Fawad Maqbool in the press release. “There, we expect to benefit from an enhanced customer experience, greater collaboration across our business units and improved economies of scale, while also providing an expanded footprint for both internal and external growth. The near-term completion of this effort represents another important step in our vision to expand AmpliTech’s growth potential and capabilities.”
To view the full press release, visit https://ibn.fm/5nWQz
About AmpliTech Group Inc.
AmpliTech designs, develops and manufactures state-of-the-art radio frequency (“RF”) components for global satellite communications, telecom (5G and IoT), space, defense and quantum computing markets as well as systems and component design consulting services. AmpliTech has a 13-plus-year track record of developing high-performance custom solutions to meet the unique needs of some of the largest companies in the global industries that it serves. The company is proud of the unique skills, experience and dedication of its focused team, which enables AMPG to deliver superior solutions, faster time to market, competitive pricing and excellent customer satisfaction and repeat business. For more information about the company, please visit www.AmpliTechInc.com.
NOTE TO INVESTORS: The latest news and updates relating to AMPG are available in the company’s newsroom at https://ibn.fm/AMPG
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