The AmpliTech Group, Inc. a designer, developer, and manufacturer of high-end signal-processing components for satellite and 5G communications networks, defense, space, and other commercial applications, has secured a follow-on order for its low noise amplifier (LNA) technology from a Fortune 500 global defense and aerospace customer. The products are expected to ship in Q3’21.
Fawad Maqbool, CEO, said, “We are pleased to report continued progress in our business the past few months that should enable favorable sequential and year-over-year revenue comparisons for our second quarter ending June 30th. As the economy reopens in the wake of COVID-19, our target industries and customers are returning to more normal business and procurement patterns, creating a growing range of revenue opportunities for our Company."
“We recently secured a follow-on order for our Low Noise Amplifier technology from a long-standing global defense and aerospace customer. We are proud that the performance, quality, and return on investment of our solutions continue to earn repeat business from global leaders."
Amplitech is now ramping product development and their sales and marketing efforts 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 its strong financial position, including approximately $30 M in net cash raised earlier this year, AmpliTech is very well positioned to execute its aggressive growth plans with existing resources.
Click here to view low noise amplifiers from AmpliTech.