AmpliTech Group Secures Major Milestone: Receives Initial Purchase Order from Leading 5G ORAN Player Marking Beginning Of US$78M Announced LOI

Rhea-AI Summary

AmpliTech Group (NASDAQ: AMPG) has secured a significant milestone with an initial purchase order worth nearly $1 million from a leading 5G ORAN player. This order is part of a larger $78 million Letter of Intent (LOI) agreement announced previously.

The order, scheduled for delivery within FY2025, represents the beginning of small-scale deployments that will pave the way for larger project phases. AmpliTech Group, specializing in signal processing components for satellite and 5G/6G communications networks, will supply state-of-the-art components for this implementation.

Positive

• Secured initial $1M purchase order from major 5G ORAN player
• Part of larger $78M LOI agreement
• Validates commercial viability of AMPG's 5G technology

Negative

• Initial order represents only 1.3% of total LOI value
• Full LOI execution remains subject to successful small-scale deployment

HAUPPAUGE, N.Y., March 31, 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, proudly announces the receipt of an initial purchase order valued at nearly $1M, as part of a groundbreaking US$78M LOI agreement with a prominent 5G ORAN player. This pivotal order, scheduled for delivery within FY2025, signifies the commencement of small-scale deployments crucial for our upcoming larger project phases.

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, receiving the full series of purchase orders to fulfill all expected orders for this project. 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 new purchase order for 5G ORAN components?

The initial purchase order is valued at nearly $1 million, part of a larger $78 million LOI agreement.

When will AmpliTech Group (AMPG) deliver the first 5G ORAN order?

The delivery is scheduled within FY2025.

What is the total potential value of AMPG's 5G ORAN agreement?

The total potential value is $78 million as per the announced Letter of Intent (LOI).

What type of products will AmpliTech Group supply for the 5G ORAN order?

AmpliTech will supply signal processing components for satellite and 5G/6G communications networks.