BOHEMIA, N.Y., Nov. 17, 2014 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (OTCQB:AMPG) announced today it has received significant new purchase orders from three major defense contractors; BAE Systems (BAESF), L-3 Communications (LLL), and another international contractor. The details of the transactions are to remain undisclosed at the request of the contractors. These newest transactions are a partial result of the company executing its recently announced growth strategy. "As mentioned in our previous press release, we have begun to fortify our infrastructure with quality staff, laser-sharp direction and truly result-oriented goals. These new orders are proof we are making significant steps in the right direction," said Fawad Maqbool, CEO of AmpliTech.
The company will continue innovative efforts to maximize new business opportunities at the highest level. AMPG is poised to increase its financial success by developing and marketing superior products to its core client base. In addition to strengthening existing organic revenue streams, AmpliTech Group has identified and is exploring potential acquisition targets to complement its technology while expanding its global distribution channels.
"We are highly confident the customers, vendors and AMPG shareholders will be pleased with the progressing advancement of the company," said Larry Fortune, Managing Partner of JP Fortune Group and company advisor.
For additional investor information please contact James Moldenhauer, CEO of JP Fortune Group at 714-420-2004.
About AmpliTech Group, Inc.
AmpliTech Group, Inc. designs, develops, and manufactures custom and standard state-of-the-art RF components for the Domestic and International, SATCOM, Space, and Military markets. These designs cover the frequency range from 50 kHz to 40 GHz - eventually, offering designs up to 100 GHz. AmpliTech also provides consulting services to help with any microwave components or systems design problems. Our steady growth over the past 13+ years has come about because we can provide complex, custom solutions for nearly ANY custom requirements that are presented us. In addition, we have the best assemblers, wires, and technicians in the industry and can provide contract assembly of customers' own designs. Website: http://www.amplitechinc.com