AmpliTech Group Provides ORAN 5G Business and Financial Outlook Following Titan Crest Agreement Amendment, Positioned for Surging Global Open RAN Market
HAUPPAUGE, N.Y., Aug. 17, 2026 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (NASDAQ: AMPG, AMPGZ) ("AmpliTech" or the "Company"), a designer, developer and manufacturer of advanced RF microwave components, 5G communications systems and quantum computing low-noise amplifiers, today provided an update on Amendment No. 2 to its Asset Purchase Agreement with Titan Crest, LLC and on the next phase of its ORAN 5G strategy.
Business and Financial Highlights
Updated 2026 Financial Outlook
Given the timing variability associated with these customer deployments, management does not believe it is appropriate at this time to provide a more precise full-year revenue estimate. The Company intends to update its outlook as customer deployment schedules provide greater visibility. While the timing of large carrier and infrastructure programs can be difficult to predict, the Company's opportunity pipeline continues to develop, including recently received RFP activity from a Tier-1 telecommunications infrastructure equipment provider. Because the timing and outcome of such opportunities remain uncertain, management is not including unawarded RFP opportunities in current revenue expectations.
Capital Position and Shareholder Returns
Positioned in a Large and Growing Open RAN Market
Management Perspective
"Over the last year and a half, we have successfully entered the ORAN 5G market," said Fawad Maqbool, Founder, Chairman, President and CEO of AmpliTech Group. "Our focus now is on converting additional MNO opportunities into purchase orders, executing efficiently and building a higher-margin, scalable radio business. We have achieved brand name awareness, successfully deployed thousands of our radios, further providing the company with additional MNO opportunities which are actively taking place now. Our commercial activity continues to expand beyond our existing backlog. We are currently engaged in additional MNO evaluations and have recently received a significant RFP from a Tier-1 telecommunications infrastructure equipment provider that, based on its contemplated scope, could represent a substantial opportunity for AmpliTech. While there is no assurance that an RFP will result in an award, we believe being invited to compete for programs of this scale is further evidence of the market recognition our ORAN platform has achieved. We believe the Company has established a stronger commercial foundation for its next phase of growth," Mr. Maqbool concluded.
Sources
Grand View Research, Open RAN Market Size, Share & Trends Report, 2026–2033; Grand View Research, Radio Unit, Open RAN Market Outlook, 2025–2033.
About AmpliTech Group
AmpliTech Group, Inc. designs, develops and manufactures advanced signal-processing components for satellite, Public and Private 5G and other communications networks, including complete 5G/6G systems and quantum computing low-noise amplifiers (LNAs), and is a global distributor of packages and lids for integrated circuit assembly.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future purchase orders, expected margins, prospective customer opportunities, backlog conversion, production and revenue timing, the Company’s 2026 financial outlook, market growth, competitive positioning and potential future share repurchases. Forward-looking statements are based on management’s current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including the timing and receipt of customer orders; production, delivery and revenue-recognition timing; backlog delays, modifications or cancellations; the possibility that customer discussions, evaluations and LOIs do not result in definitive orders; manufacturing and supply-chain risks; component availability and costs; competition; capital requirements; and other risks described in the Company’s SEC filings. Third-party market projections have not been independently verified by the Company and should not be interpreted as projections of AmpliTech’s revenue, growth rate or future market share. Any share repurchases remain subject to market conditions, applicable legal requirements and the Company’s capital needs. The Company undertakes no obligation to update forward-looking statements except as required by law.
Contacts
Corporate Social Media
LinkedIn: AmpliTech Group, Inc.
Company Contact:
Jorge Flores
Tel: 631-521-7831
Investors@amplitechgroup.com