AmpliTech Group Receives $1.03 Million Follow-On Order for Low-Noise Amplifiers from Fortune 1000 Satellite Communications Customer

Backlog exceeds $52 million, with fulfillment expected during the remainder of fiscal 2026 and fiscal 2027.

Rhea-AI Summary

AmpliTech Group (NASDAQ: AMPG) received a $1.03 million follow-on order for low-noise amplifiers from a Fortune 1000 satellite communications customer.

Total backlog now exceeds $52 million, a record. Based on current production plans and customer delivery schedules, the company expects to fulfill the backlog during the remainder of fiscal 2026 and fiscal 2027. AmpliTech believes existing cash can fund planned operations through fiscal 2027, based on its operating plan and projected cash requirements.

All remaining technical documentation and design deliverables under the amended Titan Crest asset purchase agreement have been received. AmpliTech aims to generate additional revenue from intellectual property in 2026 and 2027 through TELUS and other mobile operators, and has submitted responses to several large requests for proposals.

5 points · 0 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.Record backlog above $52 million expected to be fulfilled during the remainder of fiscal 2026 and fiscal 2027. 65% of market cap
• Moderate point. Forward-looking: it has not happened yet and may not happen.Existing cash resources believed sufficient for planned operations through fiscal 2027, based on current plans and projected requirements.
• Minor point$1.03 million follow-on order secured for low-noise amplifiers from a Fortune 1000 satellite communications customer.
• Minor pointAll remaining technical documentation and design deliverables received under the amended Titan Crest asset purchase agreement.
• Minor point. Forward-looking: it has not happened yet and may not happen.Additional revenue in 2026 and 2027 targeted from intellectual property through TELUS and other mobile operator orders.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Additional orders beyond those announced remain subject to definitive purchase orders and customer deployment schedules.

Argus 15 min delay 6 alerts

+5.71% vs previous close $2.80 last price 14.1x rel. volume Open Argus

Details

Market move: AMPG +5.71% vs previous close. satellite amplifier contract award

$2.69 – $2.97 Day Range

$84.39M Mkt Cap at Last Price

On Oct 21, the day this news came out, the latest delayed price for AMPG is 5.71% above the previous close. Our momentum scanner has recorded 6 alerts for this stock so far that day. The latest delayed price is $2.80. Relative volume is exceptionally heavy at 14.1x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Key Figures

Follow-on purchase order: $1.03 million Backlog: Above $52 million Expected backlog fulfillment: Remainder of FY2026 and throughout FY2027

Follow-on purchase order

$1.03 million

Low-noise amplifiers for a satellite communications customer

Backlog

Above $52 million

Record company backlog after the order

Expected backlog fulfillment

Remainder of FY2026 and throughout FY2027

Based on current production plans and customer delivery schedules

Key Terms

low-noise amplifiers, o-ran, massive mimo, requests for proposals

4 terms

low-noise amplifiers technical

"follow-on purchase order for low-noise amplifiers"

Low-noise amplifiers are electronic circuits that boost very weak radio-frequency or sensor signals while adding as little extra electronic noise as possible, preserving signal clarity. They matter to investors because they are a key component in communications, radar, satellite, and sensing products—better low-noise amplifiers can improve device range, sensitivity, and battery life, affecting a maker’s product performance, cost, and competitive position.

o-ran technical

"designed and commercialized an O-RAN CAT B 64T64R"

O-RAN, short for Open Radio Access Network, is a way of building the wireless network pieces that connect phones and devices to the internet using open, standardized software and plug-and-play hardware instead of closed, single-vendor equipment. For investors it matters because open systems can lower costs, speed innovation, and increase supplier choice—while also creating new competitive and regulatory risks tied to interoperability, security, and supply chains.

massive mimo technical

"O-RAN CAT B 64T64R Massive MIMO radio unit"

Massive MIMO is a wireless technology that uses large numbers of antennas at a cell site to send and receive many signals at once, boosting capacity and reliability like turning a single-lane road into a multi-lane highway for data. It matters to investors because it can dramatically increase network speed and efficiency, reduce per-user costs, and drive demand for equipment and services from telecom operators and suppliers.

requests for proposals financial

"submitted responses to several large requests for proposals"

A request for proposals (RFP) is a formal document an organization issues when it wants outside vendors to bid on supplying goods, services, or projects; it describes needs, selection criteria, and terms so different providers can propose solutions and prices. Investors care because winning RFPs can create predictable revenue, signal competitive strength, or indicate future costs and commitments—think of it like a public tender or a company putting a job out to competitive bid, where the outcome can affect sales, margins, and growth prospects.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Company Backlog Reaches Record Level Above $52 Million; Entire Backlog Expected to Convert to Revenue During the Remainder of FY2026 and Throughout FY2027

HAUPPAUGE, N.Y., Oct. 21, 2026 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (NASDAQ: AMPG, AMPGZ) (the “Company” or “AmpliTech”), a designer, developer, and manufacturer of advanced radio frequency (RF) microwave components, 5G communication systems, and quantum computing low-noise amplifiers (LNAs), today announced that its AmpliTech, Inc. division has received a $1.03 million follow-on purchase order for low-noise amplifiers from a Fortune 1000 satellite communications company.

The additional order increases the Company’s total backlog to a record level above $52 million. Based on current production plans and customer delivery schedules, the Company expects to fulfill this backlog during the remainder of fiscal 2026 and fiscal 2027.

“Following our recently announced record $21.7 million order, this repeat order highlights the continued contribution of our RF component business alongside our growing 5G operations,” said Fawad Maqbool, Founder and CEO of AmpliTech Group. “Our backlog now exceeds $52 million, and our priority is executing these orders efficiently and meeting our customers’ delivery requirements. We continue to pursue additional opportunities across our businesses while maintaining a disciplined approach to production and working capital.” Furthermore Mr. Maqbool continued, “Based on our current operating plan and projected cash requirements, we believe our existing cash resources are sufficient to fund planned operations through the end of fiscal 2027. The Company also announced that it has received all remaining technical documentation and design deliverables required under its amended asset purchase agreement with Titan Crest”.

The Company is now focused on translating the intellectual property acquired and developed independently over the past two years into additional revenue in 2026 and 2027 through repeat and new orders from TELUS and other major mobile network operators (MNOs). Drawing on its advanced radio portfolio and customization capabilities, the Company has also submitted responses to several large requests for proposals (RFPs).

About AmpliTech Group, Inc.

AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGZ) is a designer, developer, and manufacturer of advanced RF and microwave signal processing components and next-generation 5G infrastructure systems. The company's product portfolio spans low noise amplifiers, cryogenic amplifiers, Massive MIMO O-RAN radio systems, and 5G Network-in-a-Box solutions, serving customers across defense, satellite communications, quantum computing, and telecommunications. AmpliTech is the only American company to have designed and commercialized an O-RAN CAT B 64T64R Massive MIMO radio unit. All products are designed and engineered in the United States. For more information, 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 this follow on order will have any effect on the current pricing of the AMPG publicly traded shares and Rights. Any additional orders beyond those announced today remain subject to definitive purchase orders, customer deployment schedules and other customary conditions. 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 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
LinkedIn: AmpliTech Group, Inc.

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is AmpliTech Group's new satellite communications order worth?

The follow-on purchase order is worth $1.03 million. A Fortune 1000 satellite communications company placed the order for low-noise amplifiers with AmpliTech Group's AmpliTech division.

When does AmpliTech Group expect to fulfill its record backlog?

AmpliTech expects to fulfill its backlog of above $52 million during the remainder of fiscal 2026 and fiscal 2027. That expectation is based on current production plans and customer delivery schedules.