NetworkNewsBreaks – AmpliTech Group Inc. (NASDAQ
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Posted On: 06/24/2021 4:01:50 PM
NetworkNewsBreaks – AmpliTech Group Inc. (NASDAQ: AMPG) Announces LNA Follow-On Order from Fortune 500 Global Defense Customer
AmpliTech Group (NASDAQ: AMPG) has secured a follow-on order for its low noise amplifier (“LNA”) technology. The order is from a Fortune 500 global defense and aerospace customer, and the products should ship in the third quarter of this year. AMPG is a designer, developer and manufacturer of state-of-the-art, signal-processing components for satellite and 5G communications networks. In the announcement, AmpliTech noted that its continued business progress in the past few months should enable favorable sequential and year-over-year revenue comparisons for the quarter ending June 30, 2021. With the economy reopening in the wake of COVID-19, the company anticipates its target industries and customers returning to previous business and procurement patterns and creating a growing range of revenue opportunities for the company. “We recently secured a follow-on order for our low noise amplifier technology from a long-standing global defense and aerospace customer,” said AmpliTech CEO Fawad Maqbool in the press release. “We are proud that the performance, quality and return on investment of our solutions continue to earn repeat business from global leaders. We are ramping up our product development and sales and marketing efforts to position AmpliTech to supply cutting-edge technologies for the build-out of satellite, 5G/6G communications and other specialty applications that require high-quality, signal-processing solutions. With our strong financial position, including approximately $30 million in net cash raised earlier this year, AmpliTech is very well positioned to execute our aggressive growth plans with existing resources.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
AmpliTech Group (NASDAQ: AMPG) has secured a follow-on order for its low noise amplifier (“LNA”) technology. The order is from a Fortune 500 global defense and aerospace customer, and the products should ship in the third quarter of this year. AMPG is a designer, developer and manufacturer of state-of-the-art, signal-processing components for satellite and 5G communications networks. In the announcement, AmpliTech noted that its continued business progress in the past few months should enable favorable sequential and year-over-year revenue comparisons for the quarter ending June 30, 2021. With the economy reopening in the wake of COVID-19, the company anticipates its target industries and customers returning to previous business and procurement patterns and creating a growing range of revenue opportunities for the company. “We recently secured a follow-on order for our low noise amplifier technology from a long-standing global defense and aerospace customer,” said AmpliTech CEO Fawad Maqbool in the press release. “We are proud that the performance, quality and return on investment of our solutions continue to earn repeat business from global leaders. We are ramping up our product development and sales and marketing efforts to position AmpliTech to supply cutting-edge technologies for the build-out of satellite, 5G/6G communications and other specialty applications that require high-quality, signal-processing solutions. With our strong financial position, including approximately $30 million in net cash raised earlier this year, AmpliTech is very well positioned to execute our aggressive growth plans with existing resources.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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