AmpliTech Group’s AGTGSS Division Signs 5 Year Supplier Agreement With Fujitsu Spain For Private 5G Network Products
October 22 2024 - 7:30AM
AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer,
and manufacturer of state-of-the-art signal processing components
for satellite, Public and Private 5G, and other communications
networks, including the design of complete 5G/6G systems and a
global distributor of packages and lids for integrated circuits
assembly, today announced the signing of a 5 Year Supplier
Agreement to provide Fujitsu with a varied array of Private 5G
Network products, including AmpliTech’s 5G ORAN radios, 5G Customer
Premises Equipment (CPE), 5G CU/DU and Core Servers as well as
other ancillary products required to set a Private 5G Network at
the end user’s site.
AGTGSS, a provider of advanced 5G telecommunications solutions,
is pleased to announce the signing of this strategic 5-year
supplier agreement. The Company has been working on this agreement
since early 2024. This P5G Network products supplier agreement
marks a significant milestone in AGTGSS's commitment to delivering
cutting-edge telecommunications infrastructure solutions
globally.
The agreement involves supplying Fujitsu with a complete suite
of Private 5G Network products tailored to meet the specific needs
of their end customers, ensuring enhanced connectivity, while also
providing signal reliability and security. AGTGSS's advanced
technology solutions are poised to transform the customer's
operations, to enable seamless connectivity for its users across
the deployed sectors. This agreement covers Europe, Africa and the
Middle East.
"We are thrilled to have been chosen as the supplier for this
strategic initiative," said Fawad Maqbool, CEO of AmpliTech Group.
“This 5 Year agreement underscores our expertise in delivering
scalable, secure, and high-performance 5G networks that empower
businesses to achieve their digital transformation goals”.
Furthermore, Mr. Maqbool stated, “Securing this supplier agreement,
which we have been working on since the beginning of the year,
validates our intense business development activities for our
Public and Private 5G business segment. Covering such a large
territory brings countless opportunities for our company’s growth
and the global market adoption of our 5G products. We are delighted
to have reached an agreement with a leading Japanese
telecommunications company such as Fujitsu Spain. We will continue
our strategy to develop strategic relationships with key industry
partners, to accelerate the proliferation of our innovative and
advanced radio technology for public and private 5G as well as FWA
(Fixed Wireless Access) for businesses and homes.” AGTGSS remains
committed to driving innovation in 5G telecommunications,
leveraging its deep industry knowledge and technical prowess to
deliver superior connectivity solutions that empower businesses to
thrive in a digital-first world.
About AmpliTech GroupAmpliTech Group, Inc.,
comprising five divisions—AmpliTech Inc., Specialty Microwave,
Spectrum Semiconductors Materials, AmpliTech Group Microwave Design
Center, and AmpliTech Group True G Speed Services—is a leading
designer, developer, manufacturer, and distributor of cutting-edge
radio frequency (RF) microwave components and 5G network solutions.
Serving global markets including satellite communications,
telecommunications (5G & IoT), space exploration, defense, and
quantum computing, AmpliTech Group is committed to advancing
technology and innovation. For more information, please visit
www.amplitechgroup.com.
About FujitsuFujitsu is a global leader in
information and communication technology (ICT) services and
solutions, committed to delivering innovative and reliable
technology to businesses and communities worldwide. With a rich
history spanning over 80 years, Fujitsu combines cutting-edge
technology with deep industry expertise to create tailored
solutions that empower organizations to navigate the complexities
of the digital age.
Headquartered in Tokyo, Japan, Fujitsu operates in more than 100
countries, providing a comprehensive range of services, including
cloud computing, cybersecurity, AI, and managed services. The
company is dedicated to sustainability and corporate
responsibility, striving to make a positive impact on society
through its initiatives and partnerships.
Fujitsu’s strong commitment to research and development drives
innovation, enabling clients to harness the power of technology for
enhanced productivity and growth. By collaborating closely with its
customers, Fujitsu aims to foster a digital transformation that not
only meets today’s challenges but also anticipates future
needs.
For more information about Fujitsu and its innovative solutions,
please visit www.fujitsu.com.
Safe Harbor StatementThis 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, that
the supplier agreement contract will lead to further development
and work for the customer. 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, 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.
Contacts:
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Company Contact:Jorge FloresTel:
631-521-7831Investors@amplitechgroup.com
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