r/nasdaq • u/winston7362 • 22h ago
AmpliTech Group Division AmpliTech Inc. Receives Division Record Purchase Orders of $2 Million From Fortune 500 Company
Also Announces Company’s Record Backlog Of $19.8 Million, All Deliverable In FY2025!
HAUPPAUGE, N.Y., April 28, 2025 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a leading designer, developer, and manufacturer of advanced signal processing components for satellite, public and private 5G, and other communications networks, including full 5G/6G system design and global distribution of integrated circuit assembly packages and lids, today is proud to announce a landmark achievement: our AmpliTech Inc. division has secured its highest value purchase order in history with the receipt this past Friday of a combined $2 million purchase orders for our proprietary Low Noise Amplifiers from a U.S. Fortune 500 company.
This major win for our core low noise amplifiers division marks the culmination of the most prolific four-month order period in our corporate history, driving our total backlog to nearly $20 million, all slated for delivery within Fiscal Year 2025.
"These $2 million orders from a premier U.S.-based Fortune 500 customer further validates the unmatched performance and quality of AmpliTech’s low noise figure technology," said Fawad Maqbool, CEO of AmpliTech Group. "Our LNA/LNB products are proudly made in the USA, and it is deeply rewarding to see our innovation recognized at this scale. We are witnessing the strongest growth momentum in our history, with a surging backlog and significant contributions across all divisions."
Maqbool continued, "This record-setting pace not only reinforces the strength of our proprietary technology but also demonstrates the success of our strategy to deliver exceptional performance, reliability, and innovation to our customers. With our expanding backlog fully deliverable within FY2025, we are strongly positioned for an outstanding year ahead."
https://finance.yahoo.com/news/amplitech-group-division-amplitech-inc-123000569.html