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Wednesday, October 04, 2023 12:09:56 PM
Oct 04, 2023
Specialty Microwave Subdivision Achieves a Record $1mm Bookings for 2023
HAUPPAUGE, NY / ACCESSWIRE / October 04, 2023 -- AmpliTech Group, Inc. (Nasdaq: AMPG), a designer, developer, and manufacturer of state-of-the-art signal-processing components for satellite, 5G, and other communications networks, as well as a worldwide distributor of packages and lids for integrated circuit assembly, is thrilled to announce new partnerships and an uptick in bookings within its Satcom components subdivision, Specialty Microwave. The division recorded $0.9 million in revenue in 2022 and has already booked $1 million just in Q2 and Q3 of this year, which the company expects to convert to revenue mostly in the first half of 2024. This achievement is attributed to Specialty Microwave securing business from global entertainment powerhouses such as Warner Bros., Disney, Paramount, and CBS Viacom.
The bookings are comprised of orders for assemblies, including but not limited to, antenna assemblies, low noise block downconverter assemblies, and power amplifier assemblies. These components, integrated into broadcast trucks equipped with satellite dishes, are crucial for efficient signal transmission and reception across news, TV, and entertainment networks. They ensure that the signals transmitted and received maintain the highest clarity and quality, a necessity for media companies dedicated to delivering their content to expansive audiences. The preference for AmpliTech's high-caliber assemblies by entertainment giants emphasizes the company's exceptional reliability and proficiency in its offerings.
"AmpliTech's commitment to excellence and our industry-leading RF solutions have established us as a preferred choice for the entertainment sector's satellite communication requirements," said Fawad Maqbool, CEO of AmpliTech Group, Inc. "Our business with industry leaders like Warner Bros., Disney, Paramount, and CBS Viacom not only reinforces our market dominance but also hints at a promising trajectory for satellite communications within the entertainment sphere. In fact, the Satcom business is not limited to the entertainment sector but also encompasses the ground stations, teleports, and satellites in space, All of these also appear to show an uptick in demand."
This strategic alignment with prominent entertainment networks positions the firm at the vanguard of a major industry where the need for dependable and superior satellite communications is paramount.
Recent AMPG News
- AmpliTech Group's Division, AmpliTech Inc, Unveils Quantum Computing Cryogenic Power Supplies • GlobeNewswire Inc. • 07/25/2024 12:30:00 PM
- AmpliTech Group Releases Letter to Shareholders • GlobeNewswire Inc. • 07/17/2024 12:30:15 PM
- AmpliTech Announces Receipt of Notice from Nasdaq Regaining Compliance • GlobeNewswire Inc. • 05/30/2024 12:30:00 PM
- AmpliTech Announces Receipt of Notice from Nasdaq Regarding Late Filing of Quarterly Report on Form 10-Q • GlobeNewswire Inc. • 05/24/2024 08:05:00 PM
- AMPG Files For Shelf Registration To Replace Expired Identical Shelf Without Dilution, Reinforcing Financial Stability • GlobeNewswire Inc. • 04/16/2024 02:36:38 PM
- AmpliTech Group’s Division AGTGSS, Riding The Crest Of Its Recent O-RAN CAT B 64T64R MIMO Radio Release, Teams Up With the Open6G OTIC at the Institute for the Wireless Internet of Things (WIoT) at Northeastern University To Perform O-RAN 5G Interoperabi • GlobeNewswire Inc. • 04/02/2024 01:30:00 PM
- AmpliTech Group Showcases Remarkable Success At The Satellite Show In Washington DC Held March 19 to March 21, 2024 • GlobeNewswire Inc. • 04/01/2024 12:30:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 02/06/2024 10:04:10 PM
- AmpliTech Group’s AGTGSS Division Unveils New 5G High-Speed Network In A Box (NIB) • GlobeNewswire Inc. • 02/01/2024 01:30:00 PM
- AmpliTech Continues Its New Products Rollout, Featuring The Latest Products In 5G And SATCOM At The MWC Show in Barcelona and Satellite Show in Washington DC • GlobeNewswire Inc. • 01/31/2024 01:30:00 PM
- AmpliTech Group’s Division, AmpliTech Inc, Unveils Its New KA LNB Unit, Designed For Superior Performance In LEO, MEO, GEO And KA Band Teleport Applications • GlobeNewswire Inc. • 01/30/2024 01:30:00 PM
- AmpliTech Group Unveils AGTGSS Flagship Product, A Massive MIMO, 64T64R ORAN, CAT B Radio And Launches New AGTGSS Division Website • GlobeNewswire Inc. • 01/10/2024 02:00:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/23/2023 12:30:12 AM
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