AmpliTech Group, Inc. announced on November 14, 2024, the signing of a 5-Year Basic Order Agreement (BOA) with a US-based Fortune 1000 Company. This agreement is for the provision of LNB (Low-Noise Block Downconverters) products and engineering services, with an initial order expected shortly and full delivery scheduled for early Fiscal Year 2025.
The BOA includes an automatic 3-year renewal extension, which is expected to contribute to sustained growth for the company. AmpliTech anticipates that annual sales of its newly launched LNB product line will match the total sales of its LNA products, validating the company's strategic investment in LNB R&D.
CEO Fawad Maqbool expressed enthusiasm for being chosen as the supplier for this strategic initiative, emphasizing that the 5-Year BOA highlights AmpliTech's expertise in delivering low noise, high-performance satellite communication products. This agreement is a tangible result of the company’s technical meetings and presentations with the Fortune 1000 company.
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