AmpliTech Group, Inc., a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, public & private 5G, and other communications networks, has announced surpassing bookings in excess of $1 million as a result of increased quoting activity experienced since the start of Q3 2024.
The AmpliTech Group is very pleased to see the level of bookings achieved this month across its divisions, with our Spectrum Semiconductor Materials Division booking a single order in excess of $600,000, from a new domestic customer this month and our Specialty Microwave Division booking an order from Paramount in excess of $200,000. As recently announced, the company expects its AGTGSS division to start announcing initial wins in for their Private 5G product line in the next few weeks.
"We are thrilled to see our bookings this month are in excess of $1M which coupled with a sale nearing $700K by our Spectrum Semiconductor Materials Division last week, these represent nice inventory turns while also being nice additions to our cash position,” said Mr. Maqbool, CEO/CTO of AmpliTech Group. “We will continue to maximize our sales efforts across our divisions while also adding more products to our online store in order to increase sales of our diverse product line” Mr. Maqbool added. “While our testing continues for our Public 5G flagship product, we have a fully licensed, ready-to-go, full suite of Private 5G products that we are actively marketing and already near securing initial wins for our Private 5G business segments, which we expect to start announcing within the next few weeks,” concluded Mr. Maqbool.
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