AmpliTech Group’s 5G Division Enters Into An LOI For US$78 Million In Purchase Orders For AmpliTech’s 5G ORAN Radios Key Highlights:Major $78 Million LOI for 5G ORAN Radios: AmpliTech Group, Inc. (Nasdaq: AMPG) has signed a non-binding Letter of Intent (LOI) for the purchase of $78 million worth of 5G ORAN radios. The order, subject to definitive agreements, is expected to commence delivery in FY2025, with increasing volumes through 2027.Expanding Leadership in 5G and Communication Solutions: Leveraging it ...

Offering and Sales of Shares - Amplitech Group, Inc. plans to issue and sell up to $25,000,000 of common stock through Maxim Group LLC as the exclusive sales agent[1]. - The shares consist entirely of authorized but unissued common stock to be sold by the company[1]. - The Company plans to issue and sell Shares up to an aggregate offering price of US$25,000,000 through the Agent[83]. - The Agent will receive a cash transaction fee equal to three percent (3%) of the gross sales price of all Shares sold[91]. - The gross sales price of the Shares sold will be equal to the market price for the shares of Common Stock on Nasdaq at the time of sale[86]. - The Company acknowledges that there can be no assurance that the Agent will be successful in selling the Shares[89]. - The Company agrees that no sale of Shares shall take place during any period in which it possesses material non-public information[99]. - The Company must not request the sale of any Shares if it would exceed the Maximum Amount as defined in the Agreement[95]. - The Agent will provide written confirmation of the number of Shares sold and the corresponding proceeds after each trading day[92]. - The Company is responsible for compliance with the limitations on the number and aggregate sales price of Shares issued and sold[83]. - The Company will prepare a prospectus supplement describing the selling terms of the Shares and file it with the Commission[101]. - The Company will comply with all requirements imposed by the Securities Act and the Exchange Act to permit the continuation of sales of Shares[104]. - The Company will prepare amendments to the Registration Statement and Prospectus as necessary to comply with the Securities Act or Exchange Act[105]. - The Company will make available an earnings statement covering a 12-month period that satisfies the provisions of the Securities Act[110]. - The Company will apply the net proceeds from the sale of Shares as outlined in the Base Prospectus and related documents[113]. - The Company will not incur any liability for finder's or broker's fees in connection with the execution of this Agreement[118]. - The Company will reimburse the Agent for documented out-of-pocket costs and expenses incurred in connection with this Agreement, not exceeding $30,000[111]. - The Company will notify the Agent of any suspension of the qualification of Shares for offer or sale in any jurisdiction[108]. - The Company will promptly notify the Agent of any material contract terminations or notices of intent to terminate[105]. - The Company will provide a written opinion and negative assurance letter from Company Counsel on each Bringdown Date, confirming compliance with the Registration Statement and Prospectus[123]. - The Auditor will deliver a customary comfort letter to the Agent prior to the first Transaction Notice and each Bringdown Date, confirming their independence and compliance with applicable requirements[124]. - The Company must furnish an officer's certificate on each Bringdown Date, affirming the accuracy of representations and warranties, and confirming no material liabilities have been incurred since the last report[126]. - The Company is required to disclose the number of Shares sold, Net Proceeds, and compensation paid in its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q[131]. - The Company will ensure sufficient shares of Common Stock are available for issuance and will use reasonable efforts to maintain listing on Nasdaq[133]. - The Company must file all required documents with the Commission under the Exchange Act within the specified time periods[139]. - The Company will apply the Net Proceeds from the sale of Shares as outlined in the Prospectus[141]. - The Company will file a post-effective amendment or new registration statement if the current Registration Statement is not available for sales of Shares[143]. - The obligations of the Agent are subject to the accuracy of representations and compliance with all agreements by the Company[144]. - The Agent must not advise the Company of any material misstatements or omissions in the Registration Statement or related documents[145]. Financial Statements and Compliance - The company has filed a registration statement on Form S-3 with the U.S. Securities and Exchange Commission, which includes a base prospectus and a prospectus supplement specifically relating to the shares[3]. - The financial statements included in the registration statement comply with the requirements of the Securities Act and fairly present the financial condition of the company as of the indicated dates[13]. - The auditor, Sadler, Gibb & Associates, LLC, has expressed an opinion on the audited financial statements for the fiscal years ended December 31, 2023, and 2022[13]. - The company has not provided any non-audit services to the auditor during the periods covered by the financial statements included in the registration statement[13]. - There are no off-balance sheet transactions that could materially affect the company's liquidity or capital resources that have not been described in the prospectus[13]. - The Company has complied with all material requirements of The Nasdaq Stock Market LLC for maintaining the listing of its Common Stock[31]. - There has been no new material weakness identified in the Company's internal control over financial reporting since the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2023[33]. - The Company is in material compliance with all applicable provisions of the Sarbanes-Oxley Act and the rules and regulations of the Commission[45]. - The Company has established and maintains disclosure controls and procedures designed to ensure timely and accurate reporting of required information[46]. - The Company has maintained controls and procedures to ensure timely disclosure of required information under the Exchange Act[119]. Business Operations and Legal Compliance - The Company holds all necessary grants, authorizations, and licenses required for its business operations, which are valid and in full force[23]. - The Company has timely filed all applicable tax returns and is not in default in the payment of any taxes, with no pending disputes with taxing authorities[28]. - The Company has not distributed any offering materials other than the Registration Statement and the Prospectus as permitted by the Securities Act[29]. - The Company and its Subsidiaries own or lease all properties necessary for their business operations, free of significant encumbrances[25]. - The Company has not experienced any Material Adverse Effect or any developments that would reasonably be expected to result in such an effect[16]. - The Company has not entered into any material transactions, including acquisitions or dispositions, that are not disclosed in the Registration Statement and the Prospectus[16]. - The Company has not received any notice of adverse findings or noncompliance with applicable laws from any Governmental Authority[35]. - The Company is not currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury[49]. - The Company is in compliance with all applicable Environmental Laws and has not received any allegations of violations that could have a Material Adverse Effect[52]. - There are no pending claims or investigations related to Environmental Claims against the Company or its Subsidiaries that could have a Material Adverse Effect[52]. - The Company has received all material permits and licenses required under Occupational Laws to conduct its business[54]. - There are no material labor disputes or problems with the employees of the Company or its Subsidiaries[55]. - The Company has not experienced any material security breaches or compromises related to its IT Systems and Data[70]. - The Company maintains employee benefit plans in compliance with applicable laws and has no liabilities for post-retirement health benefits other than those required by law[63]. - The Company has not made any unlawful contributions or payments to influence government officials[75]. - The Company is not subject to any non-competition or non-solicitation agreements that could materially affect its operations[73]. - The Company has not engaged in any activities sanctionable under the Iran Sanctions[77]. - The Company has implemented commercially reasonable safeguards to protect its confidential information and IT Systems[70]. Agreement and Legal Provisions - The Company has engaged Maxim Group LLC as the sales agent for the sale of shares[168]. - The Agreement is governed by the laws of the State of New York, ensuring compliance with local regulations[169]. - The Company acknowledges that no fiduciary relationship has been established with the Agent, emphasizing the independent nature of the transaction[168]. - The Agreement includes provisions for adjustments related to stock splits, ensuring share-related numbers remain accurate[171]. - The Company waives any right to a jury trial in relation to claims arising from the Agreement, streamlining potential legal proceedings[174]. - The Company irrevocably submits to the jurisdiction of New York courts for any disputes related to the Agreement[175]. - The Agreement constitutes the entire understanding between the parties, superseding any prior agreements[172]. - Notices under the Agreement must be in writing and directed to specified addresses for both the Company and the Agent[165]. - The Agreement allows for execution in counterparts, facilitating flexibility in the signing process[170]. - The Company has the right to amend the Agreement only through a written instrument executed by both parties[172]. - The term of the Agreement will continue until the sale of Shares with an aggregate offering price of $25,000,000 or upon termination with five days' notice[163]. - If the Company fails to sell and deliver the number of Shares obligated, the Agreement will terminate without liability on the part of the Agent[164]. - The Company agrees to indemnify the Agent and other Indemnified Parties against any losses, claims, damages, or liabilities[153]. - The indemnification provisions will remain operative and in full force regardless of any investigation made by the Agent or the Company[162].

HAUPPAUGE, N.Y., March 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 a purchase order for its flagship ORAN 5G 64T64R MIMO radio from a domestic American based, network ...

Core Insights - AmpliTech Group is clarifying the distinction between current marketed "5G" and True 5G, asserting that much of what is labeled as "5G" is essentially enhanced 4G LTE [2][6] - The company is developing next-generation 5G infrastructure, including massive MIMO 64T/64R OpenRAN radios, with expected FCC licensing and certification by Q1 2025 [2][6] Group 1: Current Technology and Innovations - AmpliTech's low-noise figure LNAs are essential for improving 5G signal quality, range, and data throughput, addressing network reliability issues [3][10] - The company's Private 5G network solution can deliver speeds of up to 1.4 Gbps, aiming to replace traditional broadband infrastructure in areas with weak signals [3][9] - AmpliTech's OpenRAN technology ensures interoperability, a feature that competing vendors have not yet achieved [3][8] Group 2: Future Developments and Applications - AmpliTech is testing its OpenRAN radios at Northeastern University's Open6G Testing and Integration Center, preparing for commercial deployment by Q2 2025 [4][8] - The company aims to enable transformative applications across various industries, including autonomous vehicles, smart cities, and industrial automation [4][11] - CEO Fawad Maqbool emphasizes the company's commitment to delivering real 5G connectivity, positioning AmpliTech as a leader in the telecommunications sector [12] Group 3: Technical Specifications and Benefits - True 5G is characterized by gigabit-per-second speeds, ultra-low latency, and massive network capacity, which are currently not widely available [6][11] - AmpliTech's innovations are expected to enhance satellite communications, ground stations, and next-generation 5G networks [11][12] - The deployment of higher frequency infrastructure and small-cell networks is crucial for realizing the full potential of True 5G [11]

HAUPPAUGE, N.Y., Feb. 19, 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, announced today the completion of an independent valuation of its recently issued patents by ipCapital Group, Inc. (ipCG), a le ...

Core Insights - AmpliTech Group, Inc. announced the completion of an independent valuation of its recently issued patents, estimating a non-GAAP potential licensing value of $14.9 million over the next five years [1][2][4] Group 1: Patent Valuation - The valuation is based on a forward-looking projection of revenue from a successful IP licensing strategy, considering patents in 5G low noise amplifiers, cryogenic amplifiers, and monolithic microwave integrated circuits [2][4] - The assessment applied conservative market assumptions and industry-standard royalty rates [2] Group 2: Company Strategy - The CEO of AmpliTech Group emphasized the importance of an active licensing strategy to realize the potential value of the patents [3] - The company plans to continue expanding its IP portfolio to potentially increase its overall value [3] Group 3: Market Opportunities - AmpliTech is evaluating opportunities to engage potential licensees, including major industry players such as F100 defense contractors and semiconductor companies [4] - The company will provide updates on strategic decisions regarding licensing efforts as they develop [4] Group 4: Company Overview - AmpliTech Group operates five divisions and is a leading designer, developer, manufacturer, and distributor of advanced RF microwave components and 5G network solutions [5] - The company serves various global markets, including satellite communications, telecommunications, space exploration, defense, and quantum computing [5]

AmpliTech Group’s Recently Issued Patents Valued at $14.9 Million by ipCapital Group HAUPPAUGE, N.Y., Feb. 19, 2025 – PRISM MediaWire – 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, announced today the completion of an inde ...

Core Insights - AmpliTech Group, Inc. has reported cumulative purchase orders exceeding $2.1 million for the current quarter, indicating strong demand for its products [1] - The company received significant domestic orders from a Fortune 1000 company for Low Noise Block Converters (LNBs) and its first international orders for 5G ORAN radio products [1][2] - All orders are scheduled for delivery within the first half of Fiscal Year 2025, reflecting the company's operational efficiency and commitment to timely delivery [1] Company Overview - AmpliTech Group operates five divisions focused on designing, developing, manufacturing, and distributing advanced radio frequency (RF) microwave components and 5G network solutions [2] - The company serves various global markets, including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing [2] - The CEO/CTO emphasized the importance of innovation and market expansion in driving revenue growth and enhancing shareholder value [2]

Company Overview - AmpliTech Group, Inc. is a designer, developer, and manufacturer of advanced signal processing components for satellite, public and private 5G, and other communications networks [2][7] - The company operates five divisions, focusing on radio frequency (RF) microwave components and 5G network solutions, serving various global markets including telecommunications, space exploration, and defense [7] Recent Developments - AmpliTech's 5G Division has received an initial purchase order valued at over US$500,000 for three configurations of 5G ORAN radios [4][5] - The order is a significant milestone in AmpliTech's strategy to expand its market share in the ORAN radio networks sector, with follow-on orders expected within FY2025 [4][6] Product Details - The purchase order includes three distinct ORAN radio bands, with expected delivery by Q2 of the current fiscal year [5] - This accomplishment highlights AmpliTech's leadership in providing innovative and high-performance solutions to meet the growing demand for flexible and scalable 5G infrastructure [5][6] Strategic Importance - The CEO of AmpliTech expressed that this order strengthens relationships with strategic organizations and is a key step in establishing a dominant global presence in the ORAN radio networks space [6] - The order is expected to enhance brand awareness in the 5G industry and support the company's strategy to become a preferred provider for top-tier 5G technology-driven organizations worldwide [6]

HAUPPAUGE, N.Y., Feb. 06, 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. The ...