New York-Based Tech Stock Finds Massive Mid-Week Success

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Wednesday, December 11, 2024

A tech firm based out of New York is stealing the show following the company announcing the development and deployment of its proprietary low-noise cryogenic High Electron Mobility Transistor amplifiers, according to a press release this morning. 

Shares of Amplitech Group Inc. (Nasdaq:AMPG) rallied strongly on the news, with traders pushing the micro cap up to $2.50/share (+151.99%) at the early session high. This move was a strong breakout of the multi-month consolidation this stock has been stuck in since mid-summer. 

AmpliTech Group Inc is incorporated under the laws of the Nevada on December 30, 2010. The Company develops, engineers and assembles micro-wave component based amplifiers that meet individual customer specifications. Its products consist of RF amplifiers and related subsystems, operating at multiple frequencies from 50kHz to 44GHz, including Low Noise Amplifiers, Medium Power Amplifiers, oscillators, filters, and custom assemblies such as MMIC (Monolithic Microwave Integrated Circuit) and MIC (Microwave Integrated Circuit) designs. It also offer non-recurring engineering services on a project-by-project basis, for a predetermined fixed contractual amount, or on a time plus material basis. It also operates as a designer, manufacturer and distributor of cryogenic microwave amplifiers, RF designs and applications for Wireless Networks and the future of Wireless Communication.

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