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. Website: http://www.amplitechinc.com
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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.