AmpliTech Group Division AmpliTech Inc. Receives Division Record Purchase Orders of $2 Million From Fortune 500 Company

Rhea-AI Summary

AmpliTech Group (NASDAQ: AMPG) has achieved a significant milestone with its AmpliTech Inc. division securing a record $2 million purchase order for proprietary Low Noise Amplifiers from a U.S. Fortune 500 company. This achievement comes during the company's most successful four-month order period, resulting in a total backlog of $19.8 million, all scheduled for delivery in FY2025.

The company's product portfolio includes next-generation Low Noise Amplifiers (LNAs), Low-Noise Block Downconverters (LNBs), Monolithic Microwave Integrated Circuits (MMICs), passive components, and ORAN 5G systems. These USA-made components are designed for satellite, public and private 5G, and other communications networks, including full 5G/6G system design and global distribution of integrated circuit assembly packages.

Positive

• Secured record $2 million purchase order from Fortune 500 company
• Achieved highest backlog in company history at $19.8 million
• All backlog orders deliverable in FY2025, indicating strong near-term revenue visibility
• Expanded product portfolio with next-generation technology offerings

Negative

• None.

Also Announces Company’s Record Backlog Of $19.8 Million, All Deliverable In FY2025!

HAUPPAUGE, N.Y., April 28, 2025 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a leading designer, developer, and manufacturer of advanced signal processing components for satellite, public and private 5G, and other communications networks, including full 5G/6G system design and global distribution of integrated circuit assembly packages and lids, today is proud to announce a landmark achievement: our AmpliTech Inc. division has secured its highest value purchase order in history with the receipt this past Friday of a combined $2 million purchase orders for our proprietary Low Noise Amplifiers from a U.S. Fortune 500 company.

This major win for our core low noise amplifiers division marks the culmination of the most prolific four-month order period in our corporate history, driving our total backlog to nearly $20 million, all slated for delivery within Fiscal Year 2025.

"These $2 million orders from a premier U.S.-based Fortune 500 customer further validates the unmatched performance and quality of AmpliTech’s low noise figure technology," said Fawad Maqbool, CEO of AmpliTech Group. "Our LNA/LNB products are proudly made in the USA, and it is deeply rewarding to see our innovation recognized at this scale. We are witnessing the strongest growth momentum in our history, with a surging backlog and significant contributions across all divisions."

Maqbool continued, "This record-setting pace not only reinforces the strength of our proprietary technology but also demonstrates the success of our strategy to deliver exceptional performance, reliability, and innovation to our customers. With our expanding backlog fully deliverable within FY2025, we are strongly positioned for an outstanding year ahead."

Maqbool concluded, “This record backlog, fully deliverable within FY2025, is a powerful validation of our long-term strategy to invest in innovation and advanced product development. Our commitment to delivering not only high-performance, high-quality solutions but also reliable and forward-looking technology continues to resonate with our customers. As part of our five-year growth plan, we’ve expanded our portfolio to include next-generation Low Noise Amplifiers (LNAs), Low-Noise Block Downconverters (LNBs), Monolithic Microwave Integrated Circuits (MMICs), passive components, and our flagship ORAN 5G systems, which are quickly becoming a cornerstone of our sales success. Hitting this milestone confirms our ability to execute and scale, reinforcing our mission to deliver exceptional value to our shareholders and cutting-edge solutions to our customers for years to come.”

About AmpliTech Group
AmpliTech Group, Inc., comprising five divisions, AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services is a leading designer, developer, manufacturer, and distributor of cutting-edge radio frequency (RF) microwave components and 5G network solutions. Serving global markets including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, AmpliTech Group is committed to advancing technology and innovation. For more information, please visit www.amplitechgroup.com.

Safe Harbor Statement
This release contains statements that constitute forward-looking statements. These statements appear in several 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, that the receipt of these orders will lead to further production orders, work from additional customers, growth and profitability. The words "may" "would" "will" "expect" "estimate" "anticipate" "believe" "intend" for LNA, LNB, 5G orders 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 because of various factors. Other risks are identified and described in more detail in the “Risk Factors” section of the Company’s filings with the SEC, which are available on our website and with the SEC at sec.gov. We undertake no obligation to update, and we do not have a policy of updating or revising these forward-looking statements, except as required by applicable law.

Contacts:
Corporate Social Media
X: @AmpliTechAMPG
Instagram: @AmpliTechAMPG
Facebook: AmpliTechInc        
LinkedIn: Amplitech Group Inc

Investor Social Media
X: @AMPG_IR
StockTwits: @AMPG_IR

Company Contact:
Jorge Flores
Tel: 631-521-7831
Investors@amplitechgroup.com

ADDITIONAL COVERAGE
Maxim Group LLC’s research department currently covers AmpliTech Group and certain research reports may be available to current AmpliTech Group shareholders. Please email: rep@maximgrp.com for more information.

Maxim Group is a FINRA and SEC registered broker-dealer. For more information regarding Maxim Group please visit: https://www.maximgrp.com/legal/disclosures

FAQ

What is the value of AmpliTech Group's (AMPG) recent purchase order from the Fortune 500 company?

AmpliTech Group received a $2 million purchase order for their proprietary Low Noise Amplifiers from a U.S. Fortune 500 company.

What is AmpliTech Group's (AMPG) current order backlog for FY2025?

AmpliTech Group's current order backlog stands at $19.8 million, all scheduled for delivery within FY2025.

What types of products does AmpliTech Group (AMPG) manufacture?

AmpliTech Group manufactures Low Noise Amplifiers, Low-Noise Block Downconverters, Monolithic Microwave Integrated Circuits, passive components, and ORAN 5G systems for communications networks.

How will the new $2 million order impact AMPG's business performance?

The order represents the highest value purchase order in the division's history and contributes to the company's strongest growth momentum, indicating improved business performance.