- AmpliTech Group, Inc. receives over $500,000 of orders from a major defense contractor and a leading satellite broadcaster
- AMPG subsidiary, Specialty Microwave, received a $190,000 order from a leading broadcaster
- AMPG also received a $366,000 order from a major defense contractor for the METIS Program
- With increased demand, Amplitech’s backlog has now reached a record $2.2 million
AmpliTech Group (NASDAQ: AMPG, AMPGW), the provider of industry-leading SATCOM Low Noise Amplifier Solutions for the past 18 years, designs and develops top-quality microwave amplifiers using its experience, technical expertise, and superior design knowledge. AmpliTech announced that the company has received orders worth $500,000 from a major Fortune 100 defense contractor and a major satellite and cable TV broadcaster.
The company’s subsidiary, Specialty Microwave, acquired in 2019, is a satellite communications (SATCOM) products company. They received a $190,000 order from a leading broadcaster that will use Specialty Microwave’s unique equipment to process satellite ground station signals behind the antennas. Further, AMPG also received a $366,000 order for its premium low noise amplifiers from a major defense contractor in support of the METIS Program (https://ibn.fm/SMVJN).
Fawad Maqbool, the CEO and founder of Ampliteh Group, said that the company was very pleased to receive these orders that reflect the rapidly-increasing demand for high-performance products and its expansion into mainstream emerging technology applications. He went on to say that the demand has remained “pent-up” due to the COVID-19 pandemic, and that they expect bookings to increase in the 2nd half of the year.
With the growing demand for the company’s products, AMPG reached a record backlog this year. Amplitech announced that its backlog reached $2.2 million at the end of the Q1 of 2021. Fawad stated that the growing backlog indicates the increasing demand and revenues in the upcoming quarters.
To meet the skyrocketing demands, the company is geared towards strengthening its management team and resources as outlined in the S-1 filing and the recent $11 million capital raise by AMPG. Amplitech is well-positioned and equipped with the necessary funds to expand the company’s disruptive technology base, generate increased revenues, and capture greater volumes of its target technology market sectors (https://ibn.fm/liGen).
The company’s products cover a frequency range from 50 kHz to 44 GHz, with plans to eventually offer designs up to 100 GHz. AmpliTech also has developed new products for the 5G/6G wireless ecosystem and infrastructure.
For more information, visit the company’s website at www.AmpliTechInc.com.
NOTE TO INVESTORS: The latest news and updates relating to AMPG are available in the company’s newsroom at https://ibn.fm/AMPG
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.investorwire.com
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
InvestorWire is part of the InvestorBrandNetwork.