AmpliTech Group, Inc. announced on November 18, 2024, that its AmpliTech Inc. division received an initial Purchase Order for nearly $1 million. This order is part of the recently announced 5-Year Basic Order Agreement (BOA) with a US-based Fortune 1000 Company.
The initial Purchase Order includes the delivery of LNB (Low-Noise Block Downconverters) products and engineering services. This order is significant as it incorporates AmpliTech's proprietary low noise technology LNAs, which are expected to enhance gross margins by utilizing in-house products.
This initial order represents nearly 20% of the total average LNA sales from the AmpliTech Inc. Division and is scheduled for full delivery during the first half of fiscal year 2025. CEO Fawad Maqbool stated that this accomplishment underscores the value of the company's R&D investments in new product lines, fueling both top-line and bottom-line growth.
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