AmpliTech Team, Inc. Discusses 2023 Profits Projections and 2024 Know-how Purposes with The Stock Day Podcast

PHOENIX, AZ / ACCESSWIRE / November 28, 2023 / The Stock Working day Podcast welcomed AmpliTech Team, Inc. (AMPG)(“the Corporation”), a organization that models, develops, manufactures, and distributes state-of-the-artwork radio frequency (RF) microwave components for global satellite communications, telecom (5G & IoT), room, protection, and quantum computing marketplaces as nicely as techniques and component design and style consulting providers. CEO of the Organization, Fawad Maqbool, joined Stock Day host Matthew Dunehoo.

Dunehoo started the interview by inquiring about the Firm’s history and recent projects. “AmpliTech Team is all about communications, largely wi-fi communications,” shared Maqbool. “Everything we do is enhancing and enabling communications with a wi-fi infrastructure,” he ongoing. “The critical is connectivity, such as ground-to-air communications and air-to-air,” stated Maqbool. “There are several distinct apps, but the core ingredient is the amplifier.”

“Is the amplifier your structure?”, questioned Dunehoo. “Sure, it is my style and design,” said Maqbool, including that the know-how is centered all over lower electrical power dissipation. “Lower ability dissipation is key in a satellite, as properly as for quantum computing due to the fact it operates at cryogenic temperatures,” he described. “There are only a couple of companies in the entire world that can do this and just one of them is us.”

“We uplisted to the NASDAQ two decades in the past to supply the earth with these answers,” continued Maqbool, introducing that a long list of innovative technologies are dependent on these alternatives.

The conversation then turned to the Firm’s 2023 financials and 2024 aims. “In the final two a long time, we have long gone from $3.5 million in revenues to $20 million in revenues last 12 months, as effectively as a projected earnings of around $17 million for this 12 months,” mentioned Maqbool. “We are nevertheless hovering all around profitability, but upcoming yr is a pivotal calendar year,” he shared, including that the Company’s technological innovation is relevant to quite a few forthcoming technologies, which includes 5G, quantum computing, and other semiconductor sectors.

“For future investors, why is it a excellent time to take into account AmpliTech Team, Inc.?”, asked Dunehoo. “We have put in the previous two a long time creating a foundation of new and expanded merchandise, and now we are prepared to acquire those goods to the market place and open the doors ,” claimed Maqbool. “Future year, we will be speaking to numerous major carriers, serving 5G customers,” he added. “We have also been working on components encryption chips that are anti-hackable and are designed to go alongside with these 5G networks,” stated Maqbool. “You can secure a cell phone, router, or an whole network with our chips, and this is a thing that no 1 else in the earth will have: an anti-hackable, protected community at 5G speeds.”

To shut the interview, Maqbool inspired listeners and shareholders to hold up-to-date on the Firm’s current and approaching assignments as they continue to roll out their innovative interaction systems.

To hear Fawad Maqbool’s whole interview, adhere to the backlink to the podcast listed here: innovation-applications-with-th

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About AmpliTech Team

AmpliTech Team, Inc. styles, develops, manufactures, and distributes point out-of-the-artwork radio frequency (RF) microwave components for worldwide satellite communications, telecom (5G & IoT), place, protection, and quantum computing markets as perfectly as units and ingredient layout consulting expert services. In December 2021, AmpliTech done the acquire of the property and operations of Spectrum Semiconductor Products Inc., a global specialty distributor of semiconductor components centered in San Jose, CA. AmpliTech has a 13+ calendar year keep track of report of acquiring high overall performance, tailor made options to meet up with the exclusive wants of some of the most significant companies in the global industries we serve. We are happy of our centered team’s distinctive techniques, working experience and devotion, which enables us to produce excellent remedies, more quickly time to industry, aggressive pricing, great purchaser gratification and repeat enterprise. For extra data, be sure to go to

Secure Harbor Statement

This release is made up of statements that constitute ahead-seeking statements. These statements look in several areas in this launch and involve all statements that are not statements of historical truth about the intent, belief or latest expectations of the Organization, its administrators or its officers with regard to, amid other matters: (i) the Company’s potential to execute its organization system as expected (ii) trends impacting the Company’s financial condition or results of functions (iii) the Company’s development technique and operating strategy. The words “may well” “would” “will” “hope” “estimate” “foresee” “consider” “intend” and very similar expressions and versions thereof are intended to identify forward-seeking statements. Buyers are cautioned that any these types of ahead-wanting statements are not guarantees of future overall performance and include dangers and uncertainties, a lot of of which are over and above the Firm’s capability to command, and that precise outcomes may well vary materially from individuals projected in the forward-looking statements since of various aspects. Other risks are identified and explained in far more element in the “Chance Things” portion of the Firm’s filings with the SEC, which are readily available on our web site. We undertake no obligation to update, and we do not have a plan of updating or revising these ahead-searching statements, except as expected by relevant law.

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