Castellum forms reseller agreement with AmpliTech for tech products

Published 08/07/2025, 11:56
Castellum forms reseller agreement with AmpliTech for tech products

VIENNA, Va. - Castellum, Inc. (NYSE-American:CTM), a $113 million market cap company whose stock has surged over 485% in the past year, announced Tuesday that its newly formed subsidiary, Castellum Advanced Technology Products, has entered into a reseller agreement with AmpliTech Group, Inc. (NASDAQ:AMPG). According to InvestingPro data, Castellum’s stock has shown strong momentum with a 15.5% gain in the past week.

Under the agreement, Castellum will resell AmpliTech’s products, including low noise amplifiers, to its clients. The partnership aims to combine Castellum’s C5ISR capabilities with AmpliTech’s communications technology products. With a healthy current ratio of 2.93 and moderate debt levels, Castellum appears well-positioned to execute this strategic initiative. For deeper insights into Castellum’s financial health and growth potential, InvestingPro subscribers can access the comprehensive Pro Research Report, which includes detailed analysis and fair value estimates.

"We are thrilled to partner with AmpliTech and be able to resell AmpliTech’s products, including their world-class low noise amplifiers," said Glen Ives, Chief Executive Officer of Castellum in the press release. The company, which generated $45.09 million in revenue over the last twelve months, is expected by analysts to achieve profitability this year.

Fawad Maqbool, Chief Executive Officer and Chief Technology Officer of AmpliTech, stated that the partnership would help the company "further penetrate the government market."

AmpliTech Group operates through five divisions and specializes in designing, developing, manufacturing, and distributing radio frequency microwave components and ORAN 5G network solutions. The company serves markets including satellite communications, telecommunications, space exploration, defense, and quantum computing.

Castellum focuses on cybersecurity, electronic warfare, and software engineering services for the federal government. The company recently established Castellum Advanced Technology Products to develop partnerships and internal products.

The financial terms of the reseller agreement were not disclosed in the announcement.

In other recent news, Castellum, Inc. has announced the formation of a new subsidiary, Castellum Advanced Technology Products, Inc., aimed at enhancing its technology offerings for defense clients. This move is expected to potentially increase both revenue and operating margins. Additionally, Castellum has priced a public offering of 4,166,667 units at $1.20 per unit, intending to raise approximately $5 million in gross proceeds. The funds are earmarked for working capital and general corporate purposes, with Maxim Group LLC serving as the placement agent.

In its annual stockholder meeting, Castellum reported the election of six directors and ratified RSM US LLP as its independent registered public accounting firm. Amendments to the stock incentive and employee stock purchase plans were also approved. Furthermore, Castellum has reduced its debt by $2 million and extended the maturity date of a note payable to December 15, 2027. This financial restructuring is part of a strategy to strengthen the company’s balance sheet and support its growth in securing major contracts.

These developments come amid concerns about federal budget approvals that could impact defense contractors. Castellum’s strategic initiatives reflect a focus on enhancing financial performance and expanding its technological capabilities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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