AmpliTech Group, a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, public and private 5G, and other communications networks, has 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 supporting the continued growth of 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 low noise amplifier (LNA) products, thereby validating the company's strategy of investing in R&D to develop the LNB product line. An LNB is a 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, was founded in 2002, Amplitech Inc., has proprietary low-noise technology used in all of the company’s LNAs. 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.”
Click here to learn more about AmpliTech's Low-Noise Block Downconverters on SATNow
