EXHIBIT 10.1
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
August 14, 2020
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AmpliTech Group, Inc. |
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(Exact Name of Registrant as Specified in its Charter) |
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Nevada |
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000-54355 |
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92-4566352 |
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(State of incorporation) |
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(Commission File Number) |
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(IRS Employer Identification No.) |
620 Johnson Avenue
Bohemia, NY 11716
(Address of principal executive offices)
(631)-521-7831
(Registrant’s telephone number, including area code)
___________________________________________
(Former Name or former address if changed from last report.)
Securities registered pursuant to Section 12(b) of the Act:
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Trading Symbol(s) |
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Name of each exchange on which registered |
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None |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Item 1.01 Entry into a Material Definitive Agreement.
On August 14, 2020, Amplitech Group, Inc., (“AMPLITECH”) entered a mutual non-disclosure/joint venture confidentiality agreement (the “Agreement”) with Orban Microwave, Inc. (“ORBAN”), to sell, market, and develop products of both companies relating to the production and construction of microwave amplifiers by AmpliTech , and/or antenna products by ORBAN, specifically or non-specifically related to use in 5G/6G MIMO antenna systems, Airline Wi-Fi Planar phased array flat panel antenna/amplifier systems, as well as other systems that may require a joint product. In some cases, the companies may participate in individually buying each other's products for a customer(s) when necessary with a separate agreement defining the details of the transactions.
The material terms of the Agreement is share confidential information about each party to further the business objects of each company, along with the obligation to keep each other party’s proprietary information confidential.
Prior to the date of the Agreement, AMPLITECH’s only relationship with ORBAN was the negotiation of the Agreement. The agreement was entered into at an arm’s-length.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Press release published by Amplitech Group, Inc. on August 20, 2020. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Amplitech Group, Inc. |
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August 20, 2020 |
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/s/ Fawad Maqbool |
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By: |
Fawad Maqbool |
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Title: |
President |
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EXHIBIT INDEX
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Exhibit No. |
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Document Description |
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Press release published by Amplitech Group, Inc. on August 20, 2020. |
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EXHIBIT 10.1
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EXHIBIT 99.1
Amplitech Group, Inc. Enters into Joint Venture to Develop 5G and Airline Wi-Fi Products
Bohemia, NY, August 20, 2020 -- AmpliTech Group, Inc. (OTCQB: AMPG): Amplitech is pleased to announce that it has entered into a Joint Venture Agreement with Orban Microwave, a state-of-the-art antenna and microwave sub-systems Company headquartered in Orlando, FL. Orban Microwave is a leading designer of advanced custom antennas and microwave sub-systems. Antennas are an integral part of many communication systems, and the Low Noise Amplifiers are the core component connected to every antenna. With the combined high-performance combination of Orban’s MIMO and Phased Array Planar Antennas, coupled with AmpliTech’s Low Noise Amplifiers at the “Front-End” of receivers in 4G/5G/6G wireless networks, and adequate Airline Wi-Fi connectivity , the Company is poised to become a leading supplier of essential terrestrial and satellite 5G and wireless infrastructure sub-systems.
These systems will enhance the current slower 4G networks and accelerate the development and arrival of true, high speed 5G/6G wireless communications with 100 times the speed of 4G and 1000 times the capacity of current 4G networks. 5G networks will also reduce the latency to one tenth of todays networks. AMPG’s new products should improve systems significantly by simply retrofitting the over one million existing cell towers and sites across the U.S. This retrofit provides major advantages such as larger coverage area, safer and lower radiated power, higher data speed, better signal clarity, reduced signal distortion, reduced number of Small Cells, without the addition of more towers. The retrofit will also reduce overall cost of 5G infrastructure deployment, thus ushering in a slew of advanced technologies that are dependent on 5G performance. Therefore, AMPG’s products should mitigate some of the barriers that are preventing the widespread adoption of 5G by the major carriers and network service providers. Some of these Trillion Dollar technologies are Augmented and Virtual Reality, Telemedicine, Autonomous vehicles, Internet of Things (IoT), Smart Homes, Smart Cities, Satellite Internet, and Quantum Cloud Computing.
CEO Fawad Maqbool, stated “We are very excited about our joint venture with such an esteemed R&D partner as Orban Microwave, since it is a perfect fit for achieving cutting-edge performance as well as sharing the same philosophy as AMPG of being an industry leader and provider of transformative and disruptive technology and innovation. This Joint Venture is part of our strategy to align ourselves with [superlative/excellent/technologically advanced] partners and satisfy the ever-increasing demand for better technology, and it also complements our recent acquisition of Specialty Microwave in providing better Satcom sub-systems for current customers like Viasat, OneWeb, Globecomm, Fox News, CNN, and many others. We are truly optimistic about this Joint Venture and how it fits with our strategic goals for providing better results for our customers and shareholders alike.”
About AmpliTech Group, Inc.
AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF components for the Domestic and International, SATCOM, Space, Defense and Military markets. These designs cover the frequency range from 50 kHz to 40 GHz - eventually, offering designs up to 100 GHz. AmpliTech also provides consulting services to help with any microwave components or systems design problems. Our steady growth over the past 13+ years has come about because we can provide complex, custom solutions for nearly ANY custom requirements that are presented us. In addition, we have the best assemblers, wires, and technicians in the industry and can provide contract assembly of customers' own designs. Click here to view AmpliTech video. Website: http://www.AmpliTechinc.com
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About Orban Microwave
Orban Microwave, founded in 1996, designs and manufactures RF & Microwave Subsystems and Antennas in the 0.1 to 25 GHz frequency range. Two product lines RF & Microwave Subsystems and Antennas cover VHF through Ka-Band. In addition to product development for their customers, the Company also engages in R&D projects. These constitute a relatively small portion of our workload and many times the results of these R&D efforts have led to the quick and cost-effective development of products for customers. Orban Microwave maintains a large library of designs and uses state of the art design tools such as 3D electromagnetic and non-linear simulation engines. The Company’s strategic alliance with highly experienced manufacturing partners allows the Company to convert designs into production products quickly. Our agility in being able to quickly and cost effectively develop products has earned us a very favorable reputation in the industry. https://orbanmicrowave.com/
Forward-looking Statements
This release contains statements that constitute forward-looking statements. These statements appear in a number of 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: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) 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 as a result of various factors.
CONTACT: Fawad Maqbool, CEO, AmpliTech Group, Inc. (631) 521-7831
Twitter: https://twitter.com/AmpliTechAMPG
Instagram: https://www.instagram.com/amplitechampg/
Facebook: https://www.facebook.com/AmpliTechInc
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