Core Viewpoint - AmpliTech Group, Inc. has signed a letter of intent for a potential purchase order worth 78 million for its Band 50 Radios 4x20 Watts, which could significantly boost revenue starting in FY2025 and continuing into 2027 [1][2]. Company Overview - AmpliTech Group, Inc. is a designer, developer, and manufacturer of advanced signal processing components for various communication networks, including satellite, Public and Private 5G, and 6G systems [1][3]. - The company operates through five divisions: AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services [3]. - AmpliTech serves global markets such as satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, focusing on technology and innovation [3]. Order Details - The letter of intent is non-binding and contingent upon the execution of definitive purchase orders, with no guarantee that the full 78 million will be realized [2]. - If fulfilled, deliveries are expected to commence in FY2025 and increase substantially each year until 2027 [2].
AmpliTech Group's 5G Division Enters Into An LOI For US$78 Million In Purchase Orders For AmpliTech's 5G ORAN Radios