BOHEMIA, NY / ACCESSWIRE / December 30, 2015 / AmpliTech Group, Inc. (OTCQB: AMPG) announced today that they have received over $1 million in orders in the 4th Quarter of 2015. The company also announced that they have reached a record high in revenues for 2015 which amounts to a 16% increase over last year's revenue.
CEO Fawad Maqbool commented, "Our strategy for increasing revenue and profitability is working and with the very large increase in bookings this year, we expect to have a great 2016 as well. With new products coming out next year and continued sales and marketing strategy, our revenue will continue to increase. Also, with new lower rate financing, we can improve our throughput as well as our bottom line. We are also proud to announce that we will be moving into a new larger facility with double the space we currently have. This will improve our production and increase the overall efficiency of our manufacturing and development process."
The Company plans to move into the new facility by February 1st, 2016.
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. Click here to view AmpliTech video. Website: http://www.AmpliTechinc.com
Forward-looking Statements
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
CONTACT:
Fawad Maqbool, CEO
AmpliTech Group, Inc.
(631) 521-7831
SOURCE: AmpliTech Group, Inc.
