AmpliTech Group secures over $2.5M in follow-on orders

AmpliTech announced receipt of follow-on purchase orders in excess of $2.5 million from a Tier-1 North American mobile network operator, MNO. These additional orders bring the cumulative total received to approximately $18 million against the previously announced $40 million Letter of Intent, LOI. To date, AmpliTech has shipped more than 2,000 of its ORAN 5G radios to this customer. “Each new order against our existing LOI underscores the customer’s confidence in the performance and reliability of our ORAN 5G technology, as well as AmpliTech’s commitment to shareholder transparency,” said Fawad Maqbool, CEO/CTO of AmpliTech Group (AMPG). “We believe this continued momentum validates our strategy of providing high-performance, secure, and cost-efficient radios. Beyond fulfilling this LOI, we see a clear opportunity to expand with additional MNOs who are expected to follow suit in deploying true ORAN 5G solutions.”