AmpliTech Group (NASDAQ: AMPG) recently reported it had secured a follow-on order for its low noise amplifier (“LNA”) technology from a long-standing Fortune 500 global defense and aerospace customer. According to Fawad Maqbool, AMPG’s founder and CEO, the order demonstrated that the performance, quality and return on investment of the company’s solutions were continuing to earn repeat businesses from global leaders. “Maqbool also noted that as the economy reopens, the company’s target customers and industries are returning to more normal business and procurement patterns, creating an expanding range of revenue opportunities. Also, with its existing resources, including about $30 million in net cash raised following a recapitalization over the first four months of 2021, the company is well positioned to actively pursue aggressive growth plans and opportunities,” reads a recent article. AMPG was also recently added to the Russell Microcap Index. Maqbool commented: “We expect AmpliTech’s exciting outlook to be supported by the added investment community visibility and awareness provided by our Russell Index Inclusion.”
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About AmpliTech Group Inc.
AmpliTech Group designs, develops and manufactures state-of-the-art radio frequency (“RF”) components for global satellite communications, telecom (5G & IoT), space, defense, and quantum computing markets as well as provides systems and component design consulting services. AmpliTech has a 13+ year track record of developing high performance, custom solutions to meet the unique needs of some of the largest companies in the global industries it serves. The company is proud of the unique skills, experience and dedication of its focused team, which enables AmpliTech to deliver superior solutions, faster time to market, competitive pricing and excellent customer satisfaction and repeat business. For more information about the company, visit www.AmpliTechinc.com.
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