AmpliTech Group (NASDAQ: AMPG), a designer, developer and manufacturer of state-of-the-art signal-processing components for satellite and 5G communications networks, defense, space and other commercial applications, announced that it has received $1.2 million in new orders for its for Low Noise Amplifier (“LNA”) technology. The orders came from a Fortune 500 global defense and aerospace company and defense aerospace, naval and commercial aerospace applications provider. According to the announcement, the most recent orders increase AMPG’s order backlog to a record $3.4 million; the company anticipates shipping these orders in calendar 2022. “AmpliTech’s industry-leading LNA technology increases the power of a radio signal while eliminating the distortion or ‘noise’ that can degrade or destroy digital signals,” said AmpliTech Group CEO Fawad Maqbool in the press release. “Our LNA technology delivers substantial performance and bandwidth improvements in satellite communications and can play an instrumental role in achieving true gigabit data transmission speeds for next generation 5G networks on a more cost-effective basis. Our growing order backlog confirms the strength of our LNA technology and reflects initial benefits of investments we are making to expand our sales and marketing reach and production and technical capabilities. We are proud that the performance, quality, and return on investment of our solutions is being acknowledged with growing demand from global leaders.”
To view the full press release, visit https://nnw.fm/xL8r3
About AmpliTech Group Inc.
AmpliTech designs, develops and manufactures state-of-the-art radio frequency (“RF”) components for global satellite communications, telecom (5G and IoT), space, defense and quantum computing markets as well as systems and component design consulting services. AmpliTech has a 13-plus-year track record of developing high-performance custom solutions to meet the unique needs of some of the largest companies in the global industries that it serves. The company is proud of the unique skills, experience and dedication of its focused team, which enables AMPG to deliver superior solutions, faster time to market, competitive pricing and excellent customer satisfaction and repeat business. For more information about the company, please visit www.AmpliTechInc.com.
NOTE TO INVESTORS: The latest news and updates relating to AMPG are available in the company’s newsroom at https://nnw.fm/AMPG
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork