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HAUPPAUGE, N.Y. - AmpliTech Group, Inc. (NASDAQ: AMPG), a prominent developer of advanced signal processing components, announced today that its 5G ORAN Low Power (LPRU) and Mid Power (MPRU) radios have achieved REACH and RoHS certification. This development marks a commitment to environmental standards and positions the company to expand its global market presence. The announcement comes as AmpliTech’s stock demonstrates strong momentum, with InvestingPro data showing a 16.67% return over the past week and a notable 79.28% gain over the last six months.
The certifications, which are essential for compliance with European Union regulations, signify that AmpliTech’s products are free from harmful substances. Fawad Maqbool, CEO of AmpliTech Group, stated the certifications reflect the company’s dedication to innovation, quality, and sustainability. He also noted that the FCC certification process for these radios is expected to be completed within this quarter, allowing for their deployment in the U.S. According to InvestingPro data, the company maintains a strong financial position with a current ratio of 18.45, indicating robust ability to meet short-term obligations. Discover 10+ additional insights about AMPG with an InvestingPro subscription.
With environmental concerns increasingly influencing consumer and regulatory demands, AmpliTech’s newly certified 5G radios are set to meet these expectations. The company’s adherence to REACH and RoHS standards provides customers with assurance about the quality and safety of its products. Furthermore, such compliance grants AmpliTech smoother access to international markets and may enhance its competitive edge as eco-conscious products gain traction globally.
AmpliTech Group’s 5G ORAN radios are integral to the deployment of 5G networks and support the Open RAN architecture that is shaping the future of telecom. The company, which encompasses five divisions, serves a range of markets including satellite communications, 5G, space exploration, and defense.
This announcement is based on a press release statement and comes amidst coverage by Maxim Group LLC, a FINRA and SEC registered broker-dealer, which may provide research reports to current AmpliTech shareholders.
The information provided contains forward-looking statements, and while the company expresses confidence in the potential of its certifications to generate further orders and growth, these statements are not guarantees of future performance. Actual results may differ due to various factors.
In other recent news, AmpliTech Group, Inc. announced securing purchase orders totaling over $11 million from a leading Tier 1 Mobile Network Operator in North America. These orders are part of a larger $100 million commitment through Letters of Intent (LOIs) with major ORAN 5G telecom customers, with $12 million in firm orders expected to be delivered by the 2025 fiscal year. Additionally, AmpliTech has entered into a non-binding $78 million LOI for its Band 50 Radios, with potential deliveries starting in FY2025. The company is also advancing its True 5G technology, with FCC licensing and certification anticipated by the end of Q1 2025, aiming to deploy by Q2 2025. Further, an independent valuation by ipCapital Group estimated AmpliTech’s patents to have a potential licensing value of $14.9 million over five years. The company also reported receiving over $2.1 million in orders for the current quarter, including significant domestic and international requests for its 5G ORAN radio products. These developments underscore AmpliTech’s strategic investments in innovation and technology leadership across various sectors.
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