Amplitech group receives over $700,000 in cash from single products sale at their spectrum division

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.
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