Nice news out. Backlog now over $1.5Mil...
BOHEMIA, NY, Aug. 06, 2018 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (AMPG) released its financial statements for the second quarter of 2018 on August 3, 2018. “Sales for the 2nd quarter of 2018 were $618,787 – bringing our year-to-date sales total to over $1 million,” stated CFO Louisa Sanfratello. “Our revenue is on an upward trend with a current backlog of over $1.5 million,” she added.
The addition of Charles Weinhofer as Director of Global Sales, with his many industry contacts in the U.S. and overseas, has already yielded results in the form of achieving over half a million dollars in new bookings in July alone. Innovative product-focused marketing techniques along with a good showing at the 2018 International Microwave Symposium in June have increased inquiries by over 50% compared to this time last year and served to expand AmpliTech’s presence in existing markets, such as radar systems and military communications, as well in exciting new markets, such as quantum computing and extremely low-noise SATCOM receivers for use in airline Wi-Fi systems as well as terrestrial internet gateways.
The recent overall success has proven that AmpliTech’s extensive research and development efforts to grow the company in a controlled, sustained manner are bearing fruit as the company continues to evolve in a positive direction. AmpliTech CEO Fawad Maqbool is determined to be proactive in maintaining this evolution, stating that “AmpliTech will meet growing production needs by augmenting existing staff with qualified and experienced personnel not only to help with current projects, but to contribute greatly to the already rapid addition of new product lines.”
