Benzinga | Jun 24, 2021 02:05PM EDT

AmpliTech Bags Follow-On Order For Low Noise Amplifier Technology

* AmpliTech Group Inc (NASDAQ:AMPG) procured a follow-on order for its low noise amplifier (LNA) technology from a Fortune 500 global defense and aerospace customer.

* The financial terms of the contract remain undisclosed.

* The products are likely to ship in Q3 of 2021.

* AmpliTech bagged a ~$120,000 trial order for its ultra-low noise amplifiers from a significant Fortune 200 Defense contractor in April.

* In March, AmpliTech won over $500,000 of orders from a significant Fortune 100 defense contractor and a primary satellite and cable TV broadcaster.

* The company raised $23 million from a secondary share sale in April.

* Price action: AMPG shares traded lower by 2.56% at $4.77 on the last check Thursday.