AmpliTech Secures $0.5M in Follow-On Orders for Custom Low Noise Amplifiers for a Global Satellite Broadband Services Provider
July 29 2021 - 9:15AM
AmpliTech Group, Inc. (Nasdaq: AMPG), a designer, developer, and
manufacturer of state-of-the-art components and semiconductor chips
for satellite, 5G and other communications networks for defense,
space and other commercial applications, announced today it has
received $0.5M in orders for custom Low Noise Amplifiers (LNAs) for
a global high-speed satellite broadband services provider. The
amplifiers, which are expected to ship in the third quarter, will
be utilized in satellite ground stations to disseminate valuable
geosynchronous equatorial orbit (GEO), Low Earth Orbit (LEO) and
Medium Earth Orbit (MEO) satellite system data to end-users.
AmpliTech’s radio frequency amplifiers provide the industry’s
highest levels of signal amplification performance while
eliminating the environmental interference or “noise” that can
degrade or destroy digital data being transported. High quality,
low noise amplification enables communications networks to work
much more efficiently – substantially improving their data
throughput and financial performance while also delivering enhanced
value to network users.
CEO Fawad Maqbool commented, “We have years of experience
working with this customer to deploy customized low noise
amplifiers in their satellite systems. It recognizes the value of
our industry-leading performance and reliability to deliver data
and communications that are unimpacted by environmental
interference. We are excited to build on this relationship to
maximize the efficiency of the customer’s communications systems
and look forward to working with the customer in the future.”
About AmpliTech (www.amplitechinc.com)
AmpliTech Group, Inc. 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 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 we
serve. We are proud of the unique skills, experience and dedication
of our focused team which enables us to deliver superior solutions,
faster time to market, competitive pricing and excellent customer
satisfaction and repeat business.
Safe Harbor Statement
This release contains statements that constitute forward-looking
statements. These statements appear in several places in this
release and include all statements that are not statements of
historical fact regarding the intent, belief or current
expectations of the Company, its directors or its officers with
respect to, among other things: (i) the Company's ability to
execute its business plan as anticipated; (ii) trends affecting the
Company's financial condition or results of operations; (iii) the
Company's growth strategy and operating strategy. The words "may,"
"would," "will," "expect," "estimate," "anticipate," "believe,"
"intend," and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond the Company's ability to
control, and that actual results may differ materially from those
projected in the forward-looking statements because of various
factors. Other risks are identified and described in more
detail in the “Risk Factors” section of the Company’s filings with
the SEC, all of which are available on our website. We undertake no
obligation to update, and we do not have a policy of updating or
revising, these forward-looking statements, except as required by
applicable law.
Corporate Social
Media
Investor Social
MediaTwitter:
@AmpliTechAMPG
Twitter:
@AMPG_IRInstagram:
@amplitechampg
StockTwits: @AMPG_IRFacebook:
AmpliTechInc
Company Contact
Investor Contact:Shan Sawant, Director of
Communications David Collins,
Investor RelationsAmpliTech Group, Inc.
Catalyst IRshan@amplitech.com
AMPG@catalyst-ir.com 646-546-7128
212-924-9800
Amplitech (NASDAQ:AMPG)
Historical Stock Chart
From Mar 2024 to Apr 2024
Amplitech (NASDAQ:AMPG)
Historical Stock Chart
From Apr 2023 to Apr 2024