AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGR, AMPGZ) announced the receipt of follow-on orders exceeding $2 million under a previously disclosed Letter of Intent (LOI) with a North American mobile network operator (MNO). These orders represent incremental demand beyond the initially contemplated volumes, driven by ongoing requirements for the radio configuration currently being delivered during the Company’s second quarter.
For the period from January 1 through the end of April 2026, the Company has recorded bookings exceeding $8 million across its business segments, bringing its total backlog to over $20 million. This significant backlog provides operational visibility and supports the Company’s focus on converting pipeline opportunities into revenue.
“We are encouraged by the continued order activity under this previously announced LOI, particularly as these new follow-on orders represent demand beyond the originally anticipated volumes, with deliveries expected to extend into fiscal year 2026,” said Fawad Maqbool, CEO and CTO of AmpliTech Group. “This additional demand reflects the customer’s continued evaluation and utilization of our technology and our ability to support deployment requirements.”
AmpliTech Group, comprising five divisions including AmpliTech Inc. and Spectrum Semiconductors Materials, is a leading designer and manufacturer of RF microwave components and ORAN 5G network solutions. The company serves global markets such as satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing. More information is available at www.amplitechgroup.com.
These follow-on orders underscore the strengthening relationship with the MNO and the growing reliance on AmpliTech’s technology for network deployment. The additional demand highlights the critical role of AmpliTech’s solutions in supporting the expansion of 5G infrastructure in North America. With a backlog exceeding $20 million, the company is well-positioned to capitalize on sustained demand in the telecom sector.
Forward-looking statements in this release involve risks and uncertainties. Factors that could cause actual results to differ are detailed in the Company’s SEC filings, available at sec.gov. The Company undertakes no obligation to update these statements except as required by law.
