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".
About AmpliTech Group, Inc.
AmpliTech Group, Inc. designs, develops, and manufactures custom
and standard state-of-the-art RF components for the International
Commercial, SATCOM, Space, and Military markets. These designs
cover the frequency range from 50 kHz to 40 GHz - eventually,
offering designs up to 100 GHz. AmpliTech also provides consulting
services to help with any microwave components or systems design
problems. Our steady growth over the past 10+ years has come about
because we can provide complex, custom solutions for nearly ANY
custom requirements that are presented us. In addition, we have the
best assemblers, wires, and technicians in the industry and can
provide contract assembly of customers' own designs.
Media services by: Vitello Capital Ltd & 18KT.tv LLC
This release contains statements that constitute forward-looking
statements. These statements appear in a number of 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 financing plans;
(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 as a result
of various factors.
CONTACT: AmpliTech Group, Inc.35 Carlough Rd. #3Bohemia,
Source: AmpliTech, Inc.