AmpliTech to Expand Manufacturing Capacity and Enhance Operating Efficiency by Relocating to New 20K Square-Foot Headquarters Facility on Long Island
9:00 AM ET 10/29/21 | GlobeNewswire
AmpliTech to Expand Manufacturing Capacity and Enhance Operating Efficiency by Relocating to New 20K Square-Foot Headquarters Facility on Long Island
Bohemia, NY and Hauppauge, Long Island, NY, Oct. 29, 2021 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (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, today announced plans to relocate its existing manufacturing locations and headquarters into a new, expanded 20,000 square-foot facility on Long Island. AmpliTech has leased the facility, located at 155 Plant Avenue, Hauppauge, NY, for an initial 7-year term.
The new facility substantially expands AmpliTech's existing 13,100 square foot footprint and combines, for the first time, the Company's design, engineering and sales and marketing teams under one roof, enabling greater collaboration, operational efficiency along with significant room for growth. This new facility will incorporate a state-of-the-art enhanced class 10K clean room to support production of the Company's space-grade products. AmpliTech expects to be fully operational at the new manufacturing and headquarters facility in the first quarter of 2022.
Fawad Maqbool, CEO, commented, "It has been our goal to consolidate our two Long Island locations into a new and enhanced, purpose-driven facility built around our needs. 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."
The Hauppauge facility combines existing R&D, engineering, and manufacturing operations for the Company's industry-leading low-noise radio signal amplifier (LNAs) product line, along with AmpliTech's management and administration, currently based in Bohemia, NY, Specialty Microwave division in Ronkonkoma, NY-based team and Satcom product manufacturing and assembly operations. Specialty Microwave was acquired by AmpliTech in September 2019.
