AmpliTech Group Division AmpliTech Inc. Receives Division Record Purchase Orders of $2 Million From Fortune 500 Company

Rhea-AI Summary

AmpliTech Group (NASDAQ: AMPG) has achieved a significant milestone with its AmpliTech Inc. division securing a record $2 million purchase order for proprietary Low Noise Amplifiers from a U.S. Fortune 500 company. This achievement comes during the company's most successful four-month order period, resulting in a total backlog of $19.8 million, all scheduled for delivery in FY2025.

The company's product portfolio includes next-generation Low Noise Amplifiers (LNAs), Low-Noise Block Downconverters (LNBs), Monolithic Microwave Integrated Circuits (MMICs), passive components, and ORAN 5G systems. These USA-made components are designed for satellite, public and private 5G, and other communications networks, including full 5G/6G system design and global distribution of integrated circuit assembly packages.

Positive

• Secured record $2 million purchase order from Fortune 500 company
• Achieved highest backlog in company history at $19.8 million
• All backlog orders deliverable in FY2025, indicating strong near-term revenue visibility
• Expanded product portfolio with next-generation technology offerings

Negative

• None.

Insights

Financial Analyst

AmpliTech's record $2M order and $19.8M backlog signal strong revenue visibility for FY2025, validating their business model and growth strategy.

AmpliTech's announcement represents a significant milestone with clear financial implications. The $2 million purchase order from a Fortune 500 company not only marks their largest single order to date but comes amid what they describe as their most prolific four-month order period ever.

The record backlog of $19.8 million is particularly noteworthy, as it provides exceptional revenue visibility for fiscal 2025. For a company in the specialized signal processing component sector, securing this level of committed business indicates both product validation and growing market traction.

Landing a Fortune 500 customer carries dual significance: it validates AmpliTech's technological capabilities against rigorous enterprise requirements and potentially opens doors to additional high-value customers with similar needs. The "made in USA" positioning may also be paying dividends amid increasing concerns about secure supply chains for critical communications technology.

The company appears to be executing successfully on its diversification strategy, expanding beyond its core low noise amplifier technology into complementary product lines including LNBs, MMICs, passive components, and ORAN 5G systems. This diversification reduces single-product dependency while leveraging their core technical expertise.

While specific profit margin details aren't provided, the substantial backlog suggests operational momentum that could drive economies of scale, potentially improving unit economics as production volumes increase. The backlog's full delivery within FY2025 also signals confidence in their operational execution capabilities.

Telecommunications Equipment Specialist

AmpliTech's proprietary low-noise amplifier technology gaining significant market traction in high-performance communications applications requiring exceptional signal quality.

The $2 million purchase order for AmpliTech's proprietary Low Noise Amplifiers (LNAs) from a Fortune 500 client represents meaningful validation in the highly competitive signal processing component market. Low-noise amplifiers are mission-critical components in communications infrastructure where signal integrity is paramount, including satellite communications, radar systems, and 5G/6G networks.

What's technically significant here is that AmpliTech has developed proprietary "low noise figure technology" - essentially meaning their components introduce minimal signal degradation while amplifying weak signals. This capability becomes increasingly valuable as communication networks push toward higher frequencies with greater sensitivity requirements.

The reference to ORAN (Open Radio Access Network) 5G systems becoming a "cornerstone of sales success" positions AmpliTech strategically in one of telecommunications' most promising growth segments. The ORAN approach allows network operators to mix components from different vendors rather than being locked into proprietary ecosystems, potentially expanding AmpliTech's addressable market significantly.

Their expanded portfolio spanning Low Noise Amplifiers, Low-Noise Block Downconverters (LNBs), Monolithic Microwave Integrated Circuits (MMICs), and passive components demonstrates vertical integration capabilities that many competitors lack. This comprehensive offering allows them to address multiple points in the signal chain, potentially increasing their share of wallet with key customers.

The domestic manufacturing emphasis could prove advantageous as critical communications infrastructure faces increased scrutiny regarding supply chain security, particularly for components used in sensitive applications.

Also Announces Company’s Record Backlog Of $19.8 Million, All Deliverable In FY2025!

HAUPPAUGE, N.Y., April 28, 2025 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a leading designer, developer, and manufacturer of advanced signal processing components for satellite, public and private 5G, and other communications networks, including full 5G/6G system design and global distribution of integrated circuit assembly packages and lids, today is proud to announce a landmark achievement: our AmpliTech Inc. division has secured its highest value purchase order in history with the receipt this past Friday of a combined $2 million purchase orders for our proprietary Low Noise Amplifiers from a U.S. Fortune 500 company.

This major win for our core low noise amplifiers division marks the culmination of the most prolific four-month order period in our corporate history, driving our total backlog to nearly $20 million, all slated for delivery within Fiscal Year 2025.

"These $2 million orders from a premier U.S.-based Fortune 500 customer further validates the unmatched performance and quality of AmpliTech’s low noise figure technology," said Fawad Maqbool, CEO of AmpliTech Group. "Our LNA/LNB products are proudly made in the USA, and it is deeply rewarding to see our innovation recognized at this scale. We are witnessing the strongest growth momentum in our history, with a surging backlog and significant contributions across all divisions."

Maqbool continued, "This record-setting pace not only reinforces the strength of our proprietary technology but also demonstrates the success of our strategy to deliver exceptional performance, reliability, and innovation to our customers. With our expanding backlog fully deliverable within FY2025, we are strongly positioned for an outstanding year ahead."

Maqbool concluded, “This record backlog, fully deliverable within FY2025, is a powerful validation of our long-term strategy to invest in innovation and advanced product development. Our commitment to delivering not only high-performance, high-quality solutions but also reliable and forward-looking technology continues to resonate with our customers. As part of our five-year growth plan, we’ve expanded our portfolio to include next-generation Low Noise Amplifiers (LNAs), Low-Noise Block Downconverters (LNBs), Monolithic Microwave Integrated Circuits (MMICs), passive components, and our flagship ORAN 5G systems, which are quickly becoming a cornerstone of our sales success. Hitting this milestone confirms our ability to execute and scale, reinforcing our mission to deliver exceptional value to our shareholders and cutting-edge solutions to our customers for years to come.”

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 these orders will lead to further production orders, work from additional customers, growth and profitability. The words "may" "would" "will" "expect" "estimate" "anticipate" "believe" "intend" for LNA, LNB, 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        
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 value of AmpliTech Group's (AMPG) recent purchase order from the Fortune 500 company?

AmpliTech Group received a $2 million purchase order for their proprietary Low Noise Amplifiers from a U.S. Fortune 500 company.

What is AmpliTech Group's (AMPG) current order backlog for FY2025?

AmpliTech Group's current order backlog stands at $19.8 million, all scheduled for delivery within FY2025.

What types of products does AmpliTech Group (AMPG) manufacture?

AmpliTech Group manufactures Low Noise Amplifiers, Low-Noise Block Downconverters, Monolithic Microwave Integrated Circuits, passive components, and ORAN 5G systems for communications networks.

How will the new $2 million order impact AMPG's business performance?

The order represents the highest value purchase order in the division's history and contributes to the company's strongest growth momentum, indicating improved business performance.