AmpliTech Group CEO issues shareholder letter

AmpliTech Group (AMPG) released a letter to shareholders from CEO/CTO Fawad Maqbool. Highlights of the letter include: “…AmpliTech has reached significant milestones in forming distinct divisions focused on developing key products for rapidly expanding technology markets. These markets include quantum computing, 5G/6G telecommunications, and satellite communications-all foundational to transformative advancements in modern life…We are in the process of deploying a wide range of 5G business development initiatives, including obtaining further product licenses, certifications, and meeting all industry standards, both government and commercial, to provide full end-to-end solutions in Public and Private 5G. Having enough support to fund all of these initiatives was a strategic milestone, which was successfully accomplished by the end of the current fiscal year. We plan to have all FCC certifications and licenses necessary to make Gigspeed AmpliTech private 5G services available to homes and businesses as early as possible during our FY25…AmpliTech successfully raised over $20M, enabling us to forge strategic partnerships with industry giants and position ourselves at the forefront of innovation. Over the past five years, this strategy has delivered a remarkable return on investment of nearly 200%…With a robust balance sheet, a Fortune 500 customer base, and synergistic divisions driving innovation through cross-pollination, we are well-prepared to capitalize on the emerging technologies shaping the future…”