AmpliTech Joins ORAN Alliance and TIP, Secures Multi-Million Dollar 5G Orders

AmpliTech Group Inc. (NASDAQ:AMPG) is one of the best long term penny stocks with huge upside potential. On September 30, AmpliTech Group announced that it had joined the ORAN Alliance and the Telecom Infra Project/TIP. Both organizations are key drivers in the global adoption of Open Radio Access Networks/ORAN 5G.

AmpliTech’s engagement in ORAN 5G is translating major Letters of Intent/LOIs into tangible business. A $78 million LOI with a global Open RAN systems integrator has already generated over $2 million in funded orders. A separate $40 million LOI has yielded more than half of its projected value in funded orders, in addition to $3 million in orders that exceeded the original LOI’s expected value.

The company is also integrating AI and ML into its ORAN 5G and Wi-Fi 6/7 solutions to boost network optimization, security, and energy efficiency. AmpliTech is positioned to showcase its ORAN 5G technology, which includes its highest configuration 64T64R MIMO radio designed for densely populated and military applications.

AmpliTech Group Inc. (NASDAQ:AMPG) designs, engineers, and assembles microwave component-based amplifiers. It operates in two segments: Manufacturing & Engineering and Distribution.

While we acknowledge the potential of AMPG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.