AmpliTech Group Receives $1.03 Million Follow-On Order for Low-Noise Amplifiers from Fortune 1000 Satellite Communications Customer
Key Highlights
- ➤$1.03 million follow-on order received from Fortune 1000 satellite communications customer
- ➤Total backlog rises above $52 million, a record level for AmpliTech
- ➤Backlog expected fulfilled during fiscal 2026 and fiscal 2027
- ➤Company says cash resources should fund planned operations through fiscal 2027
- ➤All remaining technical documentation and design deliverables received under amended Titan Crest agreement
Expert Statements
Fawad Maqbool, Founder and CEO of AmpliTech Group
“Following our recently announced record $21.7 million order, this repeat order highlights the continued contribution of our RF component business alongside our growing 5G operations”
Fawad Maqbool, Founder and CEO of AmpliTech Group
“Our backlog now exceeds $52 million, and our priority is executing these orders efficiently and meeting our customers’ delivery requirements. We continue to pursue additional opportunities across our businesses while maintaining a disciplined approach to production and working capital.”
Fawad Maqbool, Founder and CEO of AmpliTech Group
“Based on our current operating plan and projected cash requirements, we believe our existing cash resources are sufficient to fund planned operations through the end of fiscal 2027.”
HAUPPAUGE, N.Y., Oct. 21, 2026 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (NASDAQ: AMPG, AMPGZ) (the “Company” or “AmpliTech”), a designer, developer, and manufacturer of advanced radio frequency (RF) microwave components, 5G communication systems, and quantum computing low-noise amplifiers (LNAs), today announced that its AmpliTech, Inc. division has received a $1.03 million follow-on purchase order for low-noise amplifiers from a Fortune 1000 satellite communications company.
The additional order increases the Company’s total backlog to a record level above $52 million. Based on current production plans and customer delivery schedules, the Company expects to fulfill this backlog during the remainder of fiscal 2026 and fiscal 2027.
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