AmpliTech Group Announces Promotion of Jorge Flores to Chief Operating Officer

Bohemia, NY, Feb. 23, 2022 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG), a designer, developer, and manufacturer of state-of-the-art signal-processing components for satellite, 5G, and other communications networks and a worldwide distributor of packages and lids for integrated circuit assembly, is pleased to announce the promotion of Jorge Flores to the newly created position of Chief Operating Officer (COO), effective immediately.

As COO, Jorge will lead critical initiatives to further streamline operations, drive growth, and take ownership of creating an enhanced experience for AmpliTech’s valued customers. Jorge will continue to report directly to Fawad Maqbool, CEO and Chairman of the Board of the AmpliTech Group and work out of the Hauppauge NY location.

"Jorge joined AmpliTech Group as Executive Director of Operations at end of Q1 2021 and in a short period of time, has proven to be an effective and imaginative leader, implementing change and driving us forward" said Fawad Maqbool, Founder and CEO of AmpliTech Group. "Jorge truly gets the vision we have for AmpliTech and has been monumental in materializing this vision. We are confident his operational background and business experience strongly position him to help lead the next phase of the company's growth and success."

Mr. Flores came to AmpliTech Group with an MBA degree and over 30 years of operational and program management experience. Prior to joining AmpliTech Group, Mr. Flores served as Director of Program Management for Comtech PST, a Comtech Telecom Division, where he managed multi-year, multi-million-dollar programs for domestic and international customers in both commercial and government markets.

"I am honored to be chosen for this expanded leadership role at AmpliTech Group," Mr. Flores said. "This is such an exciting time to be at AmpliTech as we continue to develop innovative and industry-leading technology for satellite, 5G, and other communications networks. I look forward to continuing to work with the executive team and employees to serve our customers and to drive growth and operating efficiencies."

About AmpliTech Group (www.AmpliTechinc.com)

AmpliTech Group, Inc. designs, develops, manufactures and distributes state-of-the-art radio frequency (RF) microwave components for global satellite communications, telecom (5G & IoT), space, defense, and quantum computing markets as well as systems and component design consulting services. In December 2021, AmpliTech completed the purchase of the assets and operations of Spectrum Semiconductor Materials Inc., a global specialty distributor of semiconductor components based in San Jose, CA. AmpliTech has a 13+ year track record of developing high performance, custom solutions to meet the unique needs of some of the largest companies in the global industries we serve. We are proud of the unique skills, experience and dedication of our focused team which enables us to deliver superior solutions, faster time to market, competitive pricing and excellent customer satisfaction and repeat business.

Safe Harbor Statement

This release contains statements that constitute forward-looking statements. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: the negative impact of the COVID-19 pandemic on the Company’s supply chain, revenues and overall results of operations, the Company's ability to execute its business plan as anticipated; trends affecting the Company's financial condition or results of operations; and the Company's growth strategy and operating strategy. The words "may" "would" "will" "expect" "estimate" "anticipate" "believe" "intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Other risks are identified and described in more detail in the “Risk Factors” section of the Company’s filings with the SEC, all of which are available on our website. We undertake no obligation to update, and we do not have a policy of updating or revising, these forward-looking statements, except as required by applicable law.

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Company Contact:                                                             
Shan Sawant, Director of Communications
AmpliTech Group, Inc.
shan@amplitech.com
646-546-7128

Investor Contact
David Collins or William Jones
Catalyst IR
ampg@catalyst-ir.com
212-924-9800