Core Insights - AmpliTech Group, Inc. has signed a 5-Year Basic Order Agreement (BOA) with a Fortune 1000 US company to supply LNB products and engineering services, with initial orders expected soon and full delivery scheduled for early Fiscal Year 2025 [1][3] - The BOA includes an automatic 3-year renewal extension, indicating potential for continued growth for the company [1] - The company anticipates that annual sales from the new LNB product line will match total sales of its existing LNA products, supporting its strategy of investing in R&D for product development [1][4] Company Overview - AmpliTech Inc, a division of AmpliTech Group, was founded in 2002 and specializes in low noise technology for its Low Noise Amplifiers (LNA) [3] - The company is expanding its product offerings to include LNB products covering X band, Ka band, and Ku bands, enhancing its low noise capabilities [3] - AmpliTech Group operates five divisions and is a key player in the design, development, and manufacturing of RF microwave components and 5G network solutions, serving various global markets [4]
AmpliTech Group's AmpliTech Inc Division Signs 5 Year BOA (Basic Order Agreement) With Fortune 1000 US Company For LNB Products