CORRECTION -- AmpliTech Group’s 5G Division Receives Initial Order For Three Configurations Of The Company’s Suite of 5G ORAN Radios
February 07 2025 - 7:00AM
AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer,
and manufacturer of state-of-the-art signal processing components
for satellite, Public and Private 5G, and other communications
networks, including the design of complete 5G/6G systems and a
global distributor of packages and lids for integrated circuits
assembly, today announced the receipt of a purchase order by its 5G
Division to provide three different 5G ORAN Radio configurations.
VVDN is a leading global player in the telecommunications
sector, specializing in the development of Open Radio Access
Network components (ORAN) and cutting-edge communication
technologies. With a commitment to building flexible, scalable, and
innovative network equipment, VVDN serves a broad range of
industries with state-of-the-art solutions designed to meet the
future demands of global communications infrastructure.
This initial order, valued at more than US$500,000, is a
significant milestone in AmpliTech’s continued efforts to expand
its global market share in the rapidly growing sector of ORAN (Open
Radio Access Networks) radio networks. Follow-on orders are
expected to occur and be delivered within FY2025.
The purchase order covers three distinct ORAN radio bands and is
expected to be delivered by Q2 of AmpliTech’s current fiscal year.
This accomplishment underscores AmpliTech’s leadership position in
providing reliable, innovative, and high-performance solutions that
meet the increasing demand for flexible and scalable 5G
infrastructure globally.
“We are very pleased about participating in this initial
purchase order for our 5G ORAN radio networks,” said Fawad Maqbool,
CEO of AmpliTech Group. “This order not only strengthens our
relationship with this strategic organization but also marks a key
step forward in our mission to create a dominant global presence in
the ORAN radio networks space. This order further validates the
value and capabilities of our 5G solutions, provides valuable brand
awareness to the 5G industry, and helps us in our strategy to
become a preferred US provider for top-tier, 5G technology-driven
organizations worldwide.”
About AmpliTech GroupAmpliTech
Group, Inc., comprising five divisions—AmpliTech Inc., Specialty
Microwave, Spectrum Semiconductors Materials, AmpliTech Group
Microwave Design Center, and AmpliTech Group True G Speed
Services—is a leading designer, developer, manufacturer, and
distributor of cutting-edge radio frequency (RF) microwave
components and 5G network solutions. Serving global markets
including satellite communications, telecommunications (5G &
IoT), space exploration, defense, and quantum computing, AmpliTech
Group is committed to advancing technology and innovation. For more
information, please visit www.amplitechgroup.com.
Safe Harbor StatementThis
release contains statements that constitute forward-looking
statements. These statements appear in several places in this
release and include all statements that are not statements of
historical fact regarding the intent, belief or current
expectations of the Company, its directors or its officers with
respect to, among other things, that this initial order will lead
to further development and work from this end user. The words "may"
"would" "will" "expect" "estimate" "anticipate" "believe" "intend"
and similar expressions and variations thereof are intended to
identify forward-looking statements. Investors are cautioned that
any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties, many of which are
beyond the Company's ability to control, and that actual results
may differ materially from those projected in the forward-looking
statements because of various factors. Other risks are identified
and described in more detail in the “Risk Factors” section of the
Company’s filings with the SEC, which are available on our website.
We undertake no obligation to update, and we do not have a policy
of updating or revising these forward-looking statements, except as
required by applicable law.
Contacts:
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Company Contact:Jorge FloresTel:
631-521-7831Investors@amplitechgroup.com
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