AmpliTech Group’s 5G Division Enters Into An LOI For US$78 Million In Purchase Orders For AmpliTech’s 5G ORAN Radios

Rhea-AI Summary

AmpliTech Group (NASDAQ: AMPG) has announced signing a letter of intent with a contract manufacturer for potential purchase orders worth $78 million for their Band 50 Radios 4x20 Watts. The agreement, if materialized, would involve deliveries starting in FY2025 with substantial yearly increases through 2027.

The company, which specializes in signal processing components for satellite and 5G/6G communications networks, notes that the non-binding LOI requires conversion into definitive purchase orders. AmpliTech explicitly states that there is no guarantee of securing final purchase orders or achieving the full $78 million value.

Positive

• Potential $78 million in purchase orders for 5G ORAN radios
• Multi-year delivery schedule from 2025 to 2027 with increasing volumes

Negative

• LOI is non-binding and requires conversion to definitive purchase orders
• No guarantee of securing final orders or achieving full $78 million value

News Market Reaction – AMPG

-0.60%

1 alert

-0.60% News Effect

On the day this news was published, AMPG declined 0.60%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAUPPAUGE, N.Y., March 24, 2025 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, announced today the signing of a letter of intent with a contract manufacturer on behalf of its end user, for the purchase of $78 million of the Company’s Band 50 Radios 4x20 Watts.

If fulfilled, deliveries of the order are expected to start in FY2025 and will substantially increase each year thereafter into 2027. The non-binding letter of intent is subject to the parties entering into a series of definitive purchase orders. No assurance can be given that the Company will enter into any purchase orders or purchase orders for the total amount of $78 million.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, any of the Company’s securities.

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 transaction is subject to the parties entering into a definitive purchase orders, and that the customer will fulfill of the terms and conditions of such purchase orders and that the Company will be able to recognize $78 million in revenue in accordance with general accepted accounting principles. 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.

Contacts:

Corporate Social Media

X: @AmpliTechAMPG
Instagram: @AmpliTechAMPG
Facebook: AmpliTechInc
Linked In: Amplitech Group Inc

Investor Social Media

X: @AMPG_IR
StockTwits: @AMPG_IR

Company Contact:

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

FAQ

What is the value of AmpliTech Group's (AMPG) new 5G radio purchase order LOI?

The Letter of Intent is for potential purchase orders worth $78 million for AmpliTech's Band 50 Radios 4x20 Watts.

When will AMPG begin delivering the 5G radios under the new LOI?

If the LOI is converted to purchase orders, deliveries are expected to start in FY2025 with increases through 2027.

What type of 5G products are included in AMPG's $78 million LOI?

The LOI covers AmpliTech's Band 50 Radios 4x20 Watts, which are signal processing components for 5G communications networks.

Is the $78 million AMPG purchase order LOI binding?

No, the LOI is non-binding and requires conversion into definitive purchase orders, with no guarantee of achieving the full value.