- AmpliTech Group (AMPG, Financial) secures a record $2 million order for proprietary Low Noise Amplifiers from a U.S. Fortune 500 company.
- The company achieves its highest backlog of $19.8 million, all scheduled for delivery within FY2025.
- AmpliTech’s expanded product portfolio includes critical next-gen communications technologies such as 5G/6G systems.
AmpliTech Group, Inc. (AMPG) has announced a landmark achievement for its AmpliTech Inc. division, securing a $2 million purchase order for its proprietary Low Noise Amplifiers from a prominent U.S. Fortune 500 company. This order is the highest value purchase order in the company's history, symbolizing substantial market validation of AmpliTech's advanced technological capabilities in critical communications components.
This significant order comes during AmpliTech's most successful four-month order period to date, resulting in a total backlog of $19.8 million, all deliverable in Fiscal Year 2025. This backlog offers exceptional revenue visibility for the upcoming fiscal year, underscoring the company's robust growth trajectory and strengthening its near-term financial outlook.
AmpliTech's diversified product lineup includes Low Noise Amplifiers (LNAs), Low-Noise Block Downconverters (LNBs), Monolithic Microwave Integrated Circuits (MMICs), passive components, and Open Radio Access Network (ORAN) 5G systems. These technologies are designed for satellite communications, public and private 5G networks, and other crucial communications infrastructures, ensuring the company remains at the forefront of innovation in the telecommunications sector.
CEO Fawad Maqbool expressed enthusiasm for the order, noting it as a powerful validation of the company's strategy to provide high-performance, high-quality solutions. The commitment to U.S.-made products is especially relevant in the current geopolitical climate, where supply chain security is increasingly prioritized. AmpliTech's success in securing business with such high-profile customers underscores the company's competitive edge and potential for future growth.
