ipCapital Group to Join Amplitech Team to Boost Intellectual Property Assets
Bohemia, NY, July 09, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- AmpliTech Group, Inc. (OTCQB: AMPG):
Amplitech Group, Inc ("AMPG") today entered into an agreement with ipCapital Group ("ipCG") to assist in the formulation and execution of AMPG's intellectual property ("IP") strategy.
ipCG is one of the World's preeminent IP consulting firms, having assisted over 900 companies since 1998 to identify, quantify, register, value and execute strategy around their intellectual property assets. ipCG is run by John Cronin, who lead IBM's Patent Factory between 1989 and 1997, generating over 100 patents under his leadership. Please click on links for John Cronin's profile and company information.
Initially, ipCG will assist AMPG to formulate a comprehensive "ipStory" around AMPG's proprietary trade secrets, knowhow and technology. This process is expected to take a couple of months and will be made available to investors once complete.
As a sign of their belief in AMPG and its unique opportunity in the RF/microwave industry, ipCG has agreed to reinvest a material portion of its fee into new AMPG restricted stock upon completion of the project at 10 cents per share (200,000 shares).
In commenting on AMPG's new alliance with ipCG, Fawad Maqbool, CEO of AMPG, said: "We are thrilled to be working with ipCG to catalog our existing, and soon to be acquired (through the Specialty Microwave acquisition), intellectual property, and to create our own unique IP Story. Our unique products and know how are valuable and we look forward to crystalizing this intangible asset in a way that investors can better appreciate."
John Cronin, Chairman and Managing Director, ipCG, responded: "Since 1998, we have been in the business of identifying unique intellectual property with robust business models and in assisting entrepreneurs like Fawad to communicate their value proposition effectively to their stakeholder bases. From our initial discussions we are excited to be able to help AMPG tell its story, that is likely to cover AMPG's cutting edge products, in explosive markets such as SATCOM, 5G, Quantum Computing, IoT and many other industries, with the many new opportunities we have learned to-date to help lead his industry as it moves into the next phase of growth."
