AmpliTech Group (AMPG) announced the signing of a letter of intent with a contract manufacturer on behalf of its end user, for the purchase of $78M of the Company’s Band 50 Radios 4×20 Watts. If fulfilled, deliveries of the order are expected to start in FY2025 and will substantially increase each year thereafter into 2027. The non-binding letter of intent is subject to the parties entering into a series of definitive purchase orders. No assurance can be given that the Company will enter into any purchase orders or purchase orders for the total amount of $78M.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMPG:
- AmpliTech Group announces initial order for ORAN 64T64R MIMO radio
- AmpliTech Group says recently issued patents valued at $14.9M by ipCapital
- AmpliTech Group announces over $2.1M in purchase orders in Q1
- AmpliTech Group receives order for 5G ORAN Radio configurations
- AmpliTech receives additional purchase orders under 5-year basic agreement