AmpliTech Group Jumps on $7.3 Million 5G Radio Order from Asia

AmpliTech Group (NASDAQ: AMPG) secured approximately $7.3 million in follow-on orders for its 5G O-RAN radios.

A major Asian mobile network operator placed the orders under a previously announced non-binding Letter of Intent program.

Shares in the company rose more than 6% following the announcement.

The repeat orders follow the successful initial deployment of AmpliTech radios at the customer's 5G sites.

CEO Fawad Maqbool stated the deal serves as commercial validation of the company's technology and execution.

This order and recent North American contracts aim to restore momentum to the company's market position.