AmpliTech Group’s AmpliTech Inc Division Signs 5 Year BOA (Basic Order Agreement) With Fortune 1000 US Company For LNB Products
AmpliTech Group (Nasdaq: AMPG) has secured a 5-year Basic Order Agreement (BOA) with a Fortune 1000 US company for LNB (Low-Noise Block Downconverters) products and engineering services. The agreement includes an automatic 3-year renewal extension. The company expects to receive the initial order shortly, with delivery scheduled for early FY2025. AmpliTech anticipates that annual sales of its newly launched LNB product line will match its LNA products sales, validating their R&D investment strategy. The LNB products, which are receiving devices mounted on satellite dishes, cover X band, Ka band, and Ku bands, offering superior low noise capabilities.
AmpliTech Group (Nasdaq: AMPG) ha ottenuto un accordo base di ordine (BOA) di 5 anni con un'azienda Fortune 1000 degli Stati Uniti per prodotti LNB (Low-Noise Block Downconverters) e servizi ingegneristici. L'accordo prevede un'estensione automatica di rinnovo di 3 anni. L'azienda prevede di ricevere l'ordine iniziale a breve, con consegna prevista per l'inizio dell'anno fiscale 2025. AmpliTech si aspetta che le vendite annuali della sua nuova linea di prodotti LNB corrispondano a quelle dei prodotti LNA, convalidando la loro strategia di investimento in R&D. I prodotti LNB, che sono dispositivi di ricezione montati su antenne satellitari, coprono le bande X, Ka e Ku, offrendo capacità di rumore estremamente basse.
AmpliTech Group (Nasdaq: AMPG) ha asegurado un Acuerdo Básico de Pedido (BOA) de 5 años con una empresa Fortune 1000 de EE.UU. para productos LNB (Downconverters de Bajo Ruido) y servicios de ingeniería. El acuerdo incluye una extensión automática de renovación de 3 años. La empresa espera recibir el pedido inicial en breve, con entrega programada para principios del año fiscal 2025. AmpliTech anticipa que las ventas anuales de su nueva línea de productos LNB coincidirán con las ventas de sus productos LNA, validando así su estrategia de inversión en I+D. Los productos LNB, que son dispositivos de recepción montados en antenas satelitales, cubren las bandas X, Ka y Ku, ofreciendo capacidades de bajo ruido superiores.
AmpliTech Group (Nasdaq: AMPG)는 미국 Fortune 1000 기업과 LNB(저잡음 블록 다운컨버터) 제품 및 엔지니어링 서비스에 대한 5년 기본 주문 계약(BOA)을 체결했습니다. 이번 계약에는 자동 3년 갱신 연장이 포함됩니다. 이 회사는 빠른 시일 내에 첫 주문을 받을 것으로 예상하며, 배송은 2025 회계연도 초로 예정되어 있습니다. AmpliTech는 자사 신규 LNB 제품군의 연간 판매량이 LNA 제품의 판매량과 맞먹을 것으로 예상하며, 이는 R&D 투자 전략의 타당성을 입증합니다. LNB 제품은 위성 안테나에 장착된 수신 장치로, X 대역, Ka 대역, Ku 대역을 포괄하며, 뛰어난 저잡음 기능을 제공합니다.
AmpliTech Group (Nasdaq: AMPG) a sécurisé un accord cadre de commande (BOA) de 5 ans avec une entreprise Fortune 1000 des États-Unis pour des produits LNB (Low-Noise Block Downconverters) et des services d'ingénierie. L'accord inclut une prolongation automatique de 3 ans. La société s'attend à recevoir la commande initiale sous peu, avec une livraison prévue au début de l'exercice fiscal 2025. AmpliTech anticipe que les ventes annuelles de sa nouvelle gamme de produits LNB seront équivalentes à celles de ses produits LNA, validant ainsi leur stratégie d'investissement en R&D. Les produits LNB, qui sont des dispositifs de réception montés sur des antennes satellites, couvrent les bandes X, Ka et Ku, offrant des capacités de faible bruit supérieures.
AmpliTech Group (Nasdaq: AMPG) hat einen 5-jährigen Basisbestellvertrag (BOA) mit einem Fortune 1000-Unternehmen in den USA für LNB (Low-Noise Block Downconverters) Produkte und Ingenieurdienstleistungen gesichert. Der Vertrag beinhaltet eine automatische Verlängerung um 3 Jahre. Das Unternehmen erwartet, dass es bald die erste Bestellung erhält, mit einer Lieferung, die für den frühen Geschäftsjahr 2025 geplant ist. AmpliTech geht davon aus, dass die jährlichen Verkäufe seiner neu eingeführten LNB-Produktlinie den Verkäufen von LNA-Produkten entsprechen werden, was die R&D-Investitionsstrategie validiert. Die LNB-Produkte, die als Empfangsgeräte auf Satellitenschüsseln montiert sind, decken die X-, Ka- und Ku-Bänder ab und bieten hervorragende Niedrigrauschfähigkeiten.
- Secured 5-year contract with Fortune 1000 company with 3-year renewal option
- Expected sales from new LNB line to match existing LNA product sales
- Initial order delivery scheduled for early FY2025
- None.
Insights
This BOA represents a significant strategic win for AMPG, marking their entry into the LNB market with a Fortune 1000 customer. The deal's 5-year term with a 3-year renewal option provides stable revenue visibility. The company's projection that LNB sales could match their existing LNA product line sales suggests potential for substantial revenue growth.
For a micro-cap company with a market cap of just
The technological advancement from LNAs to LNBs represents a strategic vertical integration in satellite communications technology. LNBs are more complex components that include frequency conversion capabilities beyond simple amplification. By offering products across X, Ka and Ku bands, AMPG is positioning itself in key frequency ranges used in modern satellite communications, including emerging LEO satellite constellations and 5G/6G applications.
The company's ability to leverage its proprietary low-noise technology from LNAs into LNBs demonstrates strong R&D capabilities and technical expertise. This expansion could open doors to broader market opportunities in satellite TV, data communications and defense applications.
HAUPPAUAGE, N.Y., Nov. 14, 2024 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced the signing of a 5 Year Basic Order Agreement (BOA), to provide a US-based Fortune 1000 Company with LNB (Low-Noise Block Downconverters) products and engineering services. An order for the initial batch of products and services is expected to be received shortly, with full delivery scheduled for early Fiscal Year 2025. The BOA has an automatic 3-year renewal extension, which is conducive to continued growth for the company. The company anticipates that sales of its newly launched LNB product line will, on an annual basis, match the total sales of its LNA products, thereby validating the company's strategy of investing in R&D to develop the LNB product line.
A low-noise block downconverter (LNB) is the receiving device mounted on satellite dishes used for satellite TV and data reception, which collects the radio waves from the dish and converts them to a signal which is sent through a cable to the receiver inside the building.
AmpliTech Inc, the core division of AmpliTech Group, founded in 2002, Amplitech Inc, has proprietary low noise technology used in all of the company’s Low Noise Amplifiers (LNA’s). Taking advantage of the available technology, the company embarked on a mission to release an LNB product line covering X band, Ka band and Ku bands, offering superior low noise capabilities across the product line. This initial BOA is a tangible result of the company’s presentations and technical meetings with this fortune 1000 company. AmpliTech Group continues to demonstrate its commitment to delivering cutting-edge telecommunications infrastructure solutions domestically and globally.
“We are thrilled to have been chosen as the supplier for this strategic initiative,” said Fawad Maqbool, CEO of AmpliTech Group. “This 5 Year BOA emphasizes our expertise in delivering low noise, high-performance satellite communication products to the market.” Furthermore, Mr. Maqbool stated, “Securing this 5 Year order agreement, further validates our R&D investment in the new product lines to drive top and bottom line growth and provide value to our shareholders.”
About AmpliTech Group
AmpliTech Group, Inc., comprising five divisions—AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services—is a leading designer, developer, manufacturer, and distributor of cutting-edge radio frequency (RF) microwave components and 5G network solutions. Serving global markets including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, AmpliTech Group is committed to advancing technology and innovation. For more information, please visit www.amplitechgroup.com.
Safe Harbor Statement
This release contains statements that constitute forward-looking statements. These statements appear in several 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, that the basic order agreement will lead to further development and work for the customer. 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 because of various factors. Other risks are identified and described in more detail in the “Risk Factors” section of the Company’s filings with the SEC, which are available on our website. We undertake no obligation to update, and we do not have a policy of updating or revising these forward-looking statements, except as required by applicable law.
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