Amplitech Group Inc (AMPG)

[Eurotradr]

Amplitech Group, Inc. Enters into Joint Venture to Develop 5G and Airline Wi-Fi Products https://finance.yahoo.com/news/amplitech-group-inc-enters-joint-165300086.html

Bohemia, NY, Aug. 20, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- AmpliTech Group, Inc. (OTCQB: AMPG): Amplitech is pleased to announce that it has entered into a Joint Venture Agreement with Orban Microwave, a state-of-the-art antenna and microwave sub-systems Company headquartered in Orlando, FL. Orban Microwave is a leading designer of advanced custom antennas and microwave sub-systems. Antennas are an integral part of many communication systems, and the Low Noise Amplifiers are the core component connected to every antenna. With the combined high-performance combination of Orban’s MIMO and Phased Array Planar Antennas, coupled with AmpliTech’s Low Noise Amplifiers at the “Front-End” of receivers in 4G/5G/6G wireless networks, and adequate Airline Wi-Fi connectivity, the Company is poised to become a leading supplier of essential terrestrial and satellite 5G and wireless infrastructure sub-systems.

These systems will enhance the current slower 4G networks and accelerate the development and arrival of true, high-speed 5G/6G wireless communications with 100 times the speed of 4G and 1,000 times the capacity of current 4G networks. 5G networks will also reduce the latency to one tenth of today’s networks. AMPG’s new products should improve systems significantly by simply retrofitting the over one million existing cell towers and sites across the U.S. This retrofit provides major advantages such as larger coverage area, safer and lower radiated power, higher data speed, better signal clarity, reduced signal distortion, reduced number of Small Cells, without the addition of more towers. The retrofit will also reduce overall cost of 5G infrastructure deployment, thus ushering in a slew of advanced technologies that are dependent on 5G performance. Therefore, AMPG’s products should mitigate some of the barriers that are preventing the widespread adoption of 5G by the major carriers and network service providers. Some of these Trillion Dollar technologies are Augmented and Virtual Reality, Telemedicine, Autonomous vehicles, Internet of Things (IoT), Smart Homes, Smart Cities, Satellite Internet, and Quantum Cloud Computing.

CEO Fawad Maqbool stated, “We are very excited about our joint venture with such an esteemed R&D partner as Orban Microwave, since it is a perfect fit for achieving cutting-edge performance as well as sharing the same philosophy as AMPG of being an industry leader and provider of transformative and disruptive technology and innovation. This Joint Venture is part of our strategy to align ourselves with technologically advanced partners and satisfy the ever-increasing demand for better technology, and it also complements our recent acquisition of Specialty Microwave in providing better Satcom sub-systems for current customers like Viasat, OneWeb, Globecomm, Fox News, CNN, and many others. We are truly optimistic about this Joint Venture and how it fits with our strategic goals for providing better results for our customers and shareholders alike.”