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Stock impact report

AmpliTech Group’s AmpliTech Inc Division Signs 5 Year BOA (Basic Order Agreement) With Fortune 1000 US Company For LNB Products

Amplitech Group, Inc. (AMPG) 
NASDAQ:AMEX Investor Relations: amplitechinc.com/about/investors
Company Research Source: GlobeNewswire
HAUPPAUAGE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced the signing of a 5 Year Basic Order Agreement (BOA), to provide a US-based Fortune 1000 Company with LNB (Low-Noise Block Downconverters) products and engineering services. An order for the initial batch of products and services is expected to be received shortly, with full delivery scheduled for early Fiscal Year 2025. The BOA has an automatic 3-year renewal extension, which is conducive to continued growth for the company. The company anticipates that sales of its newly launched LNB product line will, on an annual basis, match the total sales of its LNA products, thereby validating the Show less Read more
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