CORRECTION -- AmpliTech Group’s 5G Division Receives Initial Order For Three Configurations Of The Company’s Suite of 5G ORAN Radios

Rhea-AI Summary

AmpliTech Group (AMPG) has secured an initial purchase order exceeding $500,000 for three different configurations of 5G ORAN Radio from VVDN, a leading global telecommunications player. The order, focusing on three distinct ORAN radio bands, is scheduled for delivery by Q2 of the current fiscal year, with follow-on orders expected within FY2025.

VVDN specializes in Open Radio Access Network components development and advanced communication technologies. This milestone order strengthens AmpliTech's position in the ORAN radio networks sector and advances their strategy to become a preferred US provider for 5G technology globally.

Positive

• Secured initial order worth over $500,000 for 5G ORAN Radio configurations
• Expected follow-on orders within FY2025
• Partnership with major telecommunications player VVDN
• Delivery scheduled for Q2 of current fiscal year

Negative

• None.

Insights

Financial Analyst

This $500,000 purchase order represents a strategic breakthrough for AmpliTech Group, accounting for approximately 1.1% of their market capitalization. The significance extends beyond the immediate financial impact:

• The ORAN market is projected to grow significantly as telecom operators move away from proprietary systems, creating a substantial opportunity for AmpliTech to establish itself as a key US-based supplier.
• By securing three different radio configurations in this initial order, AmpliTech demonstrates technical versatility that could lead to broader market penetration.
• The timing of Q2 delivery aligns with the accelerating 5G infrastructure buildout, positioning the company to capture additional market share.
• As a US-based manufacturer, AmpliTech stands to benefit from increasing preferences for domestic suppliers in critical telecommunications infrastructure.

The follow-on orders mentioned for FY2025 suggest this could be the beginning of a recurring revenue stream, potentially transforming AmpliTech's business model from primarily component sales to a more stable, system-level solution provider. This evolution could lead to higher margins and more predictable revenue patterns, which typically command higher market valuations.

Telecommunications Industry Expert

This order marks a pivotal technological validation for AmpliTech in the ORAN space. The ability to deliver three distinct radio configurations demonstrates sophisticated RF engineering capabilities, particularly important as ORAN networks require precise interoperability across different frequency bands and power levels.

The strategic timing is notable as the ORAN market is at an inflection point. Major telecom operators are actively seeking alternatives to traditional vendors like Ericsson and Nokia, creating opportunities for new entrants with proven technology. AmpliTech's position as a US-based manufacturer is particularly advantageous given current geopolitical dynamics and security concerns in telecom infrastructure.

The relationship with VVDN, a recognized player in ORAN development, provides credibility and potential access to a broader customer base. This partnership model could accelerate AmpliTech's market penetration, especially as telecom operators increasingly adopt multi-vendor ORAN architectures to reduce dependency on single suppliers.

Correction Notice:

A previous version of this press release included a typographical error. The mention of "OREX SAI" has been removed to accurately reflect the intended content. The corrected version is presented below.

AmpliTech Group’s 5G Division Receives Initial Order For Three Configurations Of The Company’s Suite of 5G ORAN Radios

HAUPPAUGE, N.Y., Feb. 07, 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 the receipt of a purchase order by its 5G Division to provide three different 5G ORAN Radio configurations.

VVDN is a leading global player in the telecommunications sector, specializing in the development of Open Radio Access Network components (ORAN) and cutting-edge communication technologies. With a commitment to building flexible, scalable, and innovative network equipment, VVDN serves a broad range of industries with state-of-the-art solutions designed to meet the future demands of global communications infrastructure.

This initial order, valued at more than US$500,000, is a significant milestone in AmpliTech’s continued efforts to expand its global market share in the rapidly growing sector of ORAN (Open Radio Access Networks) radio networks. Follow-on orders are expected to occur and be delivered within FY2025.

The purchase order covers three distinct ORAN radio bands and is expected to be delivered by Q2 of AmpliTech’s current fiscal year. This accomplishment underscores AmpliTech’s leadership position in providing reliable, innovative, and high-performance solutions that meet the increasing demand for flexible and scalable 5G infrastructure globally.

“We are very pleased about participating in this initial purchase order for our 5G ORAN radio networks,” said Fawad Maqbool, CEO of AmpliTech Group. “This order not only strengthens our relationship with this strategic organization but also marks a key step forward in our mission to create a dominant global presence in the ORAN radio networks space. This order further validates the value and capabilities of our 5G solutions, provides valuable brand awareness to the 5G industry, and helps us in our strategy to become a preferred US provider for top-tier, 5G technology-driven organizations worldwide.”

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 this initial order will lead to further development and work from this end user. 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. 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
Twitter: @AmpliTechAMPG
Instagram: @AmpliTechAMPG
Facebook: AmpliTechInc
LinkedIn: AmpliTech Group Inc

Investor Social Media
Twitter: @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) recent 5G ORAN Radio order?

The initial order is valued at more than US$500,000 for three different 5G ORAN Radio configurations.

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

The order is expected to be delivered by Q2 of AmpliTech's current fiscal year.

Who placed the order for AmpliTech's (AMPG) 5G ORAN Radios?

VVDN, a leading global player in the telecommunications sector specializing in ORAN components, placed the order.

Will AmpliTech Group (AMPG) receive additional 5G ORAN Radio orders in 2025?

Yes, follow-on orders are expected to occur and be delivered within FY2025.

How many different ORAN radio configurations are included in AMPG's recent order?

The purchase order covers three distinct ORAN radio bands configurations.