HAUPPAUGE, N.Y., Sept. 19, 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 receipt of the single cash payment, in excess of $700K, for the reported end of August single sale transaction by its Spectrum Semiconductor Materials Division, this, while AmpliTech Group also surpassing bookings in excess of $1M in the timeframe of September to date, once again as result of increased quoting activity experienced since the start of Q3 2024.
AmpliTech Group is very pleased to see the level of activity in bookings and cash receipts being achieved quarter to date. As recently announced, the company also reported its AGTGSS Division initial contribution to sales for the year with an exciting hardware only sale of some of their private 5G portfolio of products. The company is actively participating in full end-to-end 5G ...
