AmpliTech Group Receives Record $21.7 Million Purchase Order

Cumulative purchase orders now represent nearly 44% of the $78 million letter of intent program.

Rhea-AI Summary

AmpliTech Group (AMPG) received a $21.7 million follow-on purchase order for its 5G O-RAN radio products, its largest single order to date. The order supports deployments for an Asian mobile network operator under a previously announced $78 million letter of intent program.

Cumulative purchase orders under the program have reached approximately $34 million, representing nearly 44% of the original letter of intent value. Total company backlog has increased to more than $51 million, a company record. Additional orders remain subject to definitive purchase orders and customer deployment schedules.

2 points · 1 major

PositiveiHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

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

• Major point$21.7 million follow-on purchase order for 5G O-RAN radios is the company's largest single order. 31% of market cap
• Moderate pointTotal company backlog exceeds $51 million, reaching a company record.

Negative

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

Argus 15 min delay 4 alerts

+5.93% vs previous close $2.50 last price 50.1x rel. volume Open Argus

Details

Market move: AMPG +5.93% vs previous close. O-RAN contract award

$2.33 – $2.50 Day Range

$75.32M Mkt Cap at Last Price

On Oct 20, the day this news came out, the latest delayed price for AMPG is 5.93% above the previous close. Our momentum scanner has recorded 4 alerts for this stock so far that day. The latest delayed price is $2.50. Relative volume is exceptionally heavy at 50.1x the average.

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

Key Figures

Purchase order: $21.7 million Original LOI program value: $78 million Cumulative program orders: Approximately $34 million +2 more

Purchase order

$21.7 million

Follow-on order for 5G O-RAN radios; largest single order in company history

Original LOI program value

$78 million

Previously announced 5G O-RAN radio program

Cumulative program orders

Approximately $34 million

Purchase orders received under the program

Original LOI value ordered

Nearly 44%

Share represented by cumulative program purchase orders

Company backlog

More than $51 million

New all-time company record

Historical Context

1 past event · Latest: Aug 27

1 event

1. Aug 27

   O-RAN purchase orders

   24h Move

   +5.3%

   Received follow-on orders under the Asian MNO LOI after successful deployments at end-customer sites.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

o-ran, mno, letter of intent, massive mimo

4 terms

o-ran technical

"5G O-RAN radio products"

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.

mno technical

"Asian mobile network operator (“MNO”)"

MNO stands for mobile network operator, a company that builds and runs the wireless networks people use for phone calls, texts and mobile data. Think of an MNO as the owner of the roads and toll booths for mobile traffic: its network quality, coverage and pricing shape how many customers it attracts and how much revenue each customer generates, so changes in an MNO’s spectrum, subscribers or regulations can have direct financial impact for investors.

letter of intent financial

"5G O-RAN radio Letter of Intent (“LOI”) program"

A letter of intent is a document that shows an agreement in principle between parties to work towards a future deal or transaction. It outlines their intentions and key terms, acting like a roadmap before a formal contract is signed. For investors, it signals serious interest and helps clarify expectations early in the process.

massive mimo technical

"Massive MIMO O-RAN radio systems"

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.

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

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Largest Single Purchase Order in Company History Brings Cumulative Program Orders to $34 Million; Total company Backlog Now Exceeds Record $51 Million

HAUPPAUGE, N.Y., Oct. 20, 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 it has received a $21.7 million follow-on purchase order for its 5G O-RAN radio products, representing the largest single purchase order in the Company's history.

The new order supports ongoing deployments for an Asian mobile network operator (“MNO”) in connection with the Company's previously announced $78 million 5G O-RAN radio Letter of Intent (“LOI”) program. Including this latest order, cumulative purchase orders received under the program have reached approximately $34 million, representing nearly 44% of the original LOI value. As a result of this latest purchase order, AmpliTech's total company backlog has increased to more than $51 million, establishing a new all-time company record. The new order is consistent with the Company’s earlier communications regarding the anticipated progression of this initiative. The program continues to advance and demonstrates the transition of this previously announced commercial opportunity into tangible customer commitments.

"This record $21.7 million purchase order represents another important milestone in the execution of our Asian MNO 5G deployment program,” said Fawad Maqbool, Founder and CEO of AmpliTech Group. “From the outset we have communicated that large-scale telecommunications deployments progress through multiple stages, from initial agreements and customer evaluations to purchase orders and commercial deployment. This latest order demonstrates that progression and reinforces the foundation we have been building. Achieving our largest single purchase order while increasing total Company backlog to a record $51 million is a very meaningful milestone. We believe these milestones are firmly establishing AmpliTech as an emerging global supplier of carrier-grade 5G O-RAN radio solutions. Our focus remains on successfully executing these deployments, expanding our relationships with mobile network operators worldwide, and building sustainable long-term shareholder value.”

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 large is AmpliTech Group's latest 5G radio purchase order?

AmpliTech received a $21.7 million follow-on purchase order for 5G O-RAN radio products, its largest single purchase order to date. It supports ongoing deployments for an Asian mobile network operator.

How much of AmpliTech's $78 million letter of intent has become purchase orders?

Cumulative purchase orders have reached approximately $34 million, representing nearly 44% of the original $78 million letter of intent value. Additional orders remain subject to definitive purchase orders and customer deployment schedules.