AmpliTech Group Receives $3 Million in New Orders Beyond $40 Million LOI, Plus $2 Million Within LOI from Tier-1 North American MNO

Rhea-AI Summary

AmpliTech Group (Nasdaq: AMPG), a signal processing components manufacturer, has secured $5 million in follow-on orders from a Tier-1 North American mobile network operator. The orders include $3 million in new orders beyond their previous $40 million Letter of Intent (LOI), plus $2 million within the LOI scope.

The increased demand follows successful Q2 2025 deployments, with AmpliTech recording over $7 million in company-wide bookings from July 1-24. The company recently reported unaudited Q2 revenue of nearly $11 million, demonstrating strong momentum in their 5G business and growing customer satisfaction with their Open RAN radio products.

Positive

• Secured $5 million in follow-on orders from Tier-1 North American mobile operator
• Additional $3 million in orders beyond existing $40 million LOI shows expanding business
• Strong Q2 2025 performance with nearly $11 million in unaudited revenue
• Recorded over $7 million in company-wide bookings in just 24 days of July

Negative

• None.

HAUPPAUGE, N.Y., July 24, 2025 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer and manufacturer of cutting-edge signal processing components for satellite, Public and Private 5G, and other advanced communications networks, including complete 5G/6G systems, and a global distributor of IC packaging solutions, today announced the receipt of approximately $5 million in follow-on orders from a Tier-1 North American mobile network operator (MNO).

Of the $5 million in new bookings, $3 million represent brand new orders above and beyond the previously disclosed $40 million Letter of Intent (LOI), reflecting growing demand for AmpliTech’s 5G Open RAN radio products. The remaining $2 million are additional quantities within the scope of the original LOI. The increased demand follows successful deployment and performance of configurations shipped during the second quarter of 2025.

From July 1 through July 24, AmpliTech has recorded company-wide bookings exceeding $7 million, further reinforcing the momentum in its 5G business. As previously announced, AmpliTech announced unaudited revenue results of nearly $11 million in Q2.

"Receiving new orders outside of our existing LOI is a strong indicator of our customer’s satisfaction and growing reliance on our 5G technology," said Fawad Maqbool, CEO/CTO of AmpliTech Group. "The fact that these orders exceed the original scope of the LOI shows we are not only meeting expectations, but also generating incremental demand as our products prove their performance in the field."

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 the follow on orders, product certification and customer relationships, will lead to further production orders, growth and profitability. The words "may" "would" "will" "expect" "estimate" "anticipate" "believe" "intend" for 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.

Corporate Social Media
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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 total value of new orders received by AMPG in July 2025?

AmpliTech Group received $5 million in follow-on orders from a Tier-1 North American mobile operator, with $3 million in new orders beyond the existing LOI and $2 million within the LOI scope.

How much revenue did AMPG report for Q2 2025?

AmpliTech Group reported unaudited revenue of nearly $11 million for Q2 2025.

What is the value of AMPG's existing Letter of Intent (LOI)?

AmpliTech Group has an existing $40 million Letter of Intent (LOI) with a Tier-1 North American mobile network operator.

How much in new bookings has AMPG recorded in July 2025?

From July 1 through July 24, 2025, AmpliTech Group recorded company-wide bookings exceeding $7 million.

What products are driving AMPG's new orders?

The orders are driven by AmpliTech's 5G Open RAN radio products, following successful deployment and performance of configurations shipped in Q2 2025.