Major Defense Contractors Announce Program Extensions up to 2034
New York, Oct. 23, 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, announced today it’s largest defense customers have reported that their defense program orders have been extended out to 2034. AmpliTech’s custom amplifiers are designed into these programs and are not available to the general market place. Fawad Maqbool, the CEO, stated, ” We are elated with the news since this expands AmpliTech’s role in these key programs and increases our opportunity to participate in these programs well into the future. This is a great show of confidence from our customers in our parts and capabilities.” The company had reported previously it’s booked orders have grown to new highs, this only ensures growth to continue well past this year.
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 3and 4quarter financial statements for this year”.
More at www.amplitechinc.com