AmpliTech Group Inc. shares advanced 6% on Thursday after the company disclosed approximately $7.3 million in follow-on orders for its 5G O-RAN radio systems from an Asian mobile network operator.
The orders, which renew purchasing activity under a previously announced Letter of Intent program, follow the initial deployment phase of AmpliTech’s O-RAN radios at the operator’s 5G sites. The company has also received similar follow-on orders to support a North American mobile network operator’s program.
AmpliTech designs and manufactures low noise amplifiers, cryogenic amplifiers, Massive MIMO O-RAN radio systems, and 5G Network-in-a-Box solutions. Its customer base spans defense, satellite communications, quantum computing, and telecommunications sectors.
Fawad Maqbool, Chairman, CEO, and CTO of AmpliTech Group, said the orders reflect strong commercial validation of the company’s technology and execution capabilities. He noted that repeat orders following deployment underscore customer confidence in the company’s solutions.
The stock’s gain comes amid broader investor interest in telecom infrastructure providers amid global 5G rollouts and network modernization efforts.
