AmpliTech Group's AmpliTech Inc. Division Secures Additional Purchase Orders Under 5-Year Basic Order Agreement With Fortune 1000 U.S. Company

Rhea-AI Summary

AmpliTech Group (Nasdaq: AMPG) announced receiving additional Purchase Orders under a recently signed 5-Year Basic Order Agreement with a Fortune 1000 U.S. company. The company's Q1 2025 purchase orders have already exceeded US$1 Million, with all orders scheduled for delivery within Fiscal Year 2025.

As a designer and manufacturer of signal processing components for satellite, Public and Private 5G, and other communications networks, AmpliTech's CEO Fawad Maqbool highlighted the company's anticipation of upcoming orders for their 5G Division. The strong performance is attributed to their proprietary low noise technology in LNAs and LNBs, demonstrating the positive impact of R&D investments in new product lines on revenue growth and potential profitability.

Positive

• Q1 2025 purchase orders already exceed $1M
• Secured additional orders under 5-year Basic Order Agreement with Fortune 1000 company
• All orders confirmed for delivery within FY 2025

Negative

• None.

Insights

Financial Analyst

The secured purchase orders exceeding $1 million in Q1 2025 represent a significant development for AmpliTech Group, particularly considering their market cap of approximately $36 million. This early quarter achievement suggests potential for strong year-over-year growth, with the 5-year Basic Order Agreement (BOA) providing a foundation for sustained revenue expansion.

The strategic value of the Fortune 1000 partnership extends beyond immediate revenue impact. It serves as a powerful validation of AmpliTech's proprietary low noise technology, potentially opening doors to additional enterprise-level contracts. The specified delivery timeline within FY2025 indicates efficient production capabilities and could positively impact cash flow management.

The company's focus on advanced signal processing components positions them at the intersection of multiple growth markets - satellite communications, 5G and emerging 6G technologies. Their development of complete 5G/6G systems suggests vertical integration capabilities, which could lead to higher margins compared to component-only offerings.

The anticipation of additional 5G Division orders hints at diversified revenue streams beyond the current BOA. This multi-channel growth strategy, combined with R&D investments in new product lines, indicates a balanced approach to market expansion and technological advancement. The emphasis on proprietary technology and superior performance in LNAs and LNBs suggests defensible market positioning, important for maintaining competitive advantages in the specialized communications hardware sector.

PO’s received by the company during Q1 2025 already exceed US$1 Million, all deliverable within Fiscal Year 2025

HAUPPAUGE, N.Y., Feb. 04, 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, today announced receiving additional Purchase Orders, as part of the recently announced signing of a 5 Year Basic Order Agreement (BOA), with a US based Fortune 1000 Company. These purchase orders increase the cumulative PO’s received by the company in excess of US$1M in Q1 to date, all orders deliverable within Fiscal Year 2025.

“We are thrilled to announce that our Q1 bookings have already exceeded the $1M milestone, and we eagerly anticipate the arrival of long-awaited orders for our 5G Division in the coming weeks,” said Fawad Maqbool, CEO of AmpliTech Group. “We’re equally delighted with the robust performance of orders generated by our BOA with the Fortune 1000 company, which we believe is a direct testament to our proprietary low noise technology driving superior performance in LNAs and LNBs. These additional purchase orders not only highlights our technological edge but also reinforces the strategic impact of our R&D investments in new product lines—fueling both revenue growth and enhanced potential profitability for our shareholders.”

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 follow on orders will lead to further production orders, work for the customer, growth and profitablity. 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
LinkedIn: 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) Q1 2025 purchase orders?

AmpliTech Group's Q1 2025 purchase orders have exceeded US$1 Million, all deliverable within Fiscal Year 2025.

What type of agreement did AMPG secure with the Fortune 1000 company?

AMPG secured a 5-Year Basic Order Agreement (BOA) with a U.S.-based Fortune 1000 company.

When will AMPG deliver the Q1 2025 purchase orders?

All purchase orders received in Q1 2025 are scheduled for delivery within Fiscal Year 2025.

What technology is driving AMPG's purchase order growth?

AMPG's proprietary low noise technology in LNAs and LNBs is driving the strong performance in purchase orders.

What new orders is AMPG expecting in the coming weeks?

AMPG is anticipating long-awaited orders for their 5G Division in the coming weeks.