Micro Cap Soars On Purchase Order Announcement

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Tuesday, February 4, 2025

A New York-based tech company is turning heads on Tuesday after the company announced it received additional purchase orders as part of the recently announced signing of a 5-year basic order agreement.

Traders wasted absolutely no time snatching up shares of Amplitech Group Inc. (Nasdaq:AMPG), with the buying pressure pushing shares of the micro cap up to $2.19/share (+20.33%) at the early session high. This move could be an indication of things to come as it looks like this stock has had some strong momentum as of late. 

AmpliTech Group Inc is incorporated under the laws of the Nevada on December 30, 2010. The Company develops, engineers and assembles micro-wave component based amplifiers that meet individual customer specifications. Its products consist of RF amplifiers and related subsystems, operating at multiple frequencies from 50kHz to 44GHz, including Low Noise Amplifiers, Medium Power Amplifiers, oscillators, filters, and custom assemblies such as MMIC (Monolithic Microwave Integrated Circuit) and MIC (Microwave Integrated Circuit) designs. It also offer non-recurring engineering services on a project-by-project basis, for a predetermined fixed contractual amount, or on a time plus material basis. It also operates as a designer, manufacturer and distributor of cryogenic microwave amplifiers, RF designs and applications for Wireless Networks and the future of Wireless Communication.

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