$AMPG news out! AmpliTech Announces an Increase of
Post# of 98056
Posted On: 10/09/2013 8:26:59 AM
[b]$AMPG[/b] news out! [b]AmpliTech Announces an Increase of 80% in Booked Purchase Orders Over Last Year.
[i]The company has experienced a heightened demand for it's custom amplifiers.[/i]
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New York, Oct. 9, 2013 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (OTC QB: AMPG) ("AmpliTech" or the "Company"), a trusted provider of RF/microwave, microelectronic, MMIC, and low noise amplifiers for critical and high-reliability, wireless and commercial applications,recently announced that due to a high demand for it's custom designed amplifiers, it's backlog has reached record levels for the company's history. Fawad Maqbool, Amplitech CEO stated," we are very excited about the interest our unique and custom products continue to receive." He further stated, "our unique products are now designed into long-life programs such as F16 fighters, and UAV Drones. We are proud to be a contributor to these high-profile programs".
The Company recently announced that it had received over $500,000 of orders during the second quarter from 3 large defense and commercial contractors for its state-of-the-art amplifier solutions when attending the International Microwave Symposium in Seattle WA. earlier this year. Fawad Maqbool further stated, "These were awarded contracts from some of the largest defense contractors in the Microwave space. We are pleased to be experiencing a continued strength in the follow up order flow. We expect this to have a positive impact on our 3rdand 4thquarter financial statements for this year".
About AmpliTech Group, Inc.
AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF components for the International Commercial, SATCOM, Space, 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 10+ 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. Website: http://www.amplitechinc.com
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