- AmpliTech Group (AMPG, Financial) secures record $11 million purchase orders from a Tier 1 North American Mobile Network Operator.
- Total Letters of Intent (LOIs) exceed $100 million, with significant progress in firm orders.
- Approximately $12 million in firm purchase orders to be delivered within FY2025.
AmpliTech Group, Inc. (AMPG), a prominent designer and manufacturer of advanced signal processing components, has announced that it has secured record-breaking purchase orders valued at approximately $11 million. This milestone is part of a new multi-year Letter of Intent (LOI) from a Tier 1 Mobile Network Operator (MNO) in North America, cementing AmpliTech's position as a key provider in the ORAN 5G marketplace.
This latest agreement comes shortly after AmpliTech revealed a $78 million LOI, bringing the total value of signed LOIs with two leading ORAN 5G telecom customers to over $100 million. Under these agreements, the company has received around $12 million in firm purchase orders, all of which are deliverable within fiscal year 2025.
Fawad Maqbool, CEO/CTO of AmpliTech Group, commented, "These $11 million purchase orders are a testament to the commercial readiness of our 5G ORAN radios and reflect our emergence as a leader in the global ORAN 5G marketplace." The engagement with a prominent Tier 1 MNO highlights the demand for AmpliTech's differentiated ORAN 5G technology.
Looking ahead, AmpliTech anticipates sustained growth in the 5G ORAN sector, driven by deepening collaborations with Tier 1 telecom partners. The company regards this development as a transformative chapter in its growth, with the potential to significantly enhance its market position and revenue streams.
