AmpliTech Group’s 5G Division Secures Company-Record Approx. US$11 Million Purchase Orders As Part Of A New Multi-Year LOI From Tier 1 North American MNO

Core Insights - AmpliTech Group, Inc. has received record Purchase Orders valued at approximately US$11 million, part of a multi-year Letter of Intent (LOI) from a Tier 1 Mobile Network Operator in North America, reinforcing its position in the ORAN 5G market [1][3][4] - The company has signed LOIs totaling over US$100 million with two leading ORAN 5G telecom customers, with approximately US$12 million in firm purchase orders expected to be delivered within FY2025 [2][4] Company Developments - CEO Fawad Maqbool highlighted that the recent orders affirm the commercial readiness of AmpliTech's 5G ORAN radios and signify the company's emergence as a frontrunner in the global ORAN 5G marketplace [3][4] - The back-to-back agreements are seen as a significant turning point for AmpliTech, as they aim to expand their presence in the next-generation 5G ORAN telecom landscape [3][4] - COO Jorge Flores emphasized that these achievements lay the foundation for transformative growth and validate AmpliTech's 5G ORAN technology through orders from a leading MNO [4] Industry Context - AmpliTech Group operates in the advanced signal processing components sector for satellite, public and private 5G, and other communications networks, indicating a strong commitment to technology and innovation [6]