Operator

Good day, ladies and gentlemen, and welcome to AmpliTech Group’s Quarterly Investor Update Call, where the company will discuss its first quarter 2026 financial results. Present in this call, we have the executive team of AmpliTech Group, Fawad Maqbool, CEO, CTO and Board Chair; Jorge Flores, COO; Louisa Sanfratello, CFO. [Operator Instructions] As a reminder, today’s conference is being recorded.

I would now like to turn the call over to AmpliTech’s COO, Jorge Flores.

Jorge Flores
Chief Operating Officer

Thank you, Drew, and thank you for joining today’s call to review AmpliTech’s first quarter 2026 financial results, review of our company’s outlook and to answer investor questions. Following the initial management comments, we will open the call to these questions.

An archived replay of today’s call will be posted to the Investor Relations section of AmpliTech’s corporate website. This call is taking place on Wednesday, May 13, 2026. Remarks that follow and answers to questions may include statements that the company believes to be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally include words such as anticipate, believe, expect or words of similar importance. Likewise, statements that describe future plans, objectives or goals are also forward-looking.

These forward-looking statements are subject to various risks that could cause actual results to be materially different than expected. Such risks include, among others, matters that the company has described in its press releases and in its filings with the Securities and Exchange Commission. Except

Publix has quietly made changes to a policy that allowed customers to openly carry guns inside its Florida grocery stores.

The Florida-based chain, which operates more than 1,400 locations across the Southeast, now says on its website it “kindly asks that only law enforcement openly carry firearms in our stores.”

The change comes months after Publix said it would permit open carry in its hundreds of locations across the Sunshine State after a state appeals court ruling that struck down the state’s ban as unconstitutional.

GROCERY STORE EDGES OUT PUBLIX AS AMERICA’S FAVORITE

“As of Sept. 25, 2025, Florida law allows the open carry of firearms,” a spokesperson for Publix previously told FOX Business, adding the company “follows all federal, state and local laws.”

At the time, Publix was one of only a few grocery chains willing to allow customers to openly carry guns.

Other major retailers — including Walmart, Target, Costco, Winn-Dixie and Sam’s Club — had already asked customers not to bring guns into their stores, according to WESH 2.

MAJOR GROCERY STORE CHAIN OPENING NEW LOCATIONS IN 5 STATES THIS MONTH

Private businesses, including grocery stores, remain entitled to bar weapons. 

Additionally, certain locations such as courthouses, schools and government facilities are classified as prohibited places for carrying open or concealed guns.

“Any person carrying a firearm who violates the private property owner’s warning to depart will be committing armed trespass, a third-degree felony,” a guidance memorandum from Florida Attorney General James Uthmeier to Florida law enforcement agencies and prosecuting authorities said. 

FLORIDA GROCERY STORE CHAIN ALLOWS OPEN CARRY IN STORES

Signs reflecting Publix’s updated stance have also begun appearing at some store locations, according to the Miami Herald.

No major incidents were reported while the policy allowing open carry was in place. However, the shift follows a recent accidental gun discharge at a Miramar store, which prompted a police response and safety sweep, the Miami Herald reported.

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FOX Business reached out to Publix for comment.

FOX Business’ Pilar Arias contributed to this report.

Boeing CEO Kelly Ortberg is among the group of American business leaders who have traveled to China with President Donald Trump and is pursuing what could be a sizable deal for the plane-maker.

Ortberg said on a call with analysts last month the visit represents “a meaningful opportunity for us,” though he cautioned that he thinks a deal is “100% dependent on the U.S.-China negotiations and relations.”

“I’m not going to give you the number of airplanes, but it’s a big number,” Ortberg told analysts of the potential order Boeing may land.

He said he is “highly confident” that if Trump reaches an agreement with Chinese President Xi Jinping, the deal will “include some aircraft orders.”

BOEING SECURES $8.6B CONTRACT TO BUILD FIGHTER JETS FOR ISRAEL’S AIR FORCE

“President Trump has been very focused on supporting us in international campaigns, and he’s been very successful in doing that,” Ortberg added.

Bloomberg reported that China is considering a deal for about 500 of Boeing’s 737 Max jetliners, which would help Chinese airlines in need of new aircraft, according to people familiar with the matter.

The outlet also reported that Boeing and China are in discussions about selling around 100 Boeing 787 Dreamliner and 777X wide-body jetliners, though the deal isn’t expected to be a focal point in this week’s summit and would likely move forward at a later date, with the 737 Max deal the immediate focus.

TRUMP READIES FOR BEIJING SUMMIT WITH XI AS AI CHIP SALES, FARM GOODS TOP AGENDA

Ticker	Security	Last	Change	Change %
BA	THE BOEING CO.	240.60	+3.73	+1.57%

Orders of jetliners from Boeing are expected to be a key portion of a broader agreement between the U.S. and China if Trump and Xi reach an agreement, along with other farm goods and other items.

Energy purchases may also be on the table because China wants the U.S. to allow tech companies to sell Chinese firms advanced artificial intelligence (AI) chips as the world’s two largest economies race to advance AI capabilities.

Other corporate leaders traveling to China with the U.S. delegation include Tesla and SpaceX CEO Elon Musk, outgoing Apple CEO Tim Cook, BlackRock CEO Larry Fink, Citi CEO Jane Fraser, Cargill CEO Brian Sikes and several other leaders of prominent U.S. companies.

ELON MUSK AND APPLE’S TIM COOK WILL TRAVEL TO CHINA WITH US DELEGATION: WHITE HOUSE

“Besides Boeing and Cargill being linked to purchase agreements, the others are mainly there to deliver demands on critical input supply,” said Reva Goujon, a geopolitical strategist at Rhodium Group.

“This could help the U.S. administration’s messaging that to even be able to discuss a board of investment, China needs to be a reliable investment partner and not weaponize supply,” Goujon added.

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Reuters contributed to this report.

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“The sum of the different types of fuel: crude oil, fuel oil, of which we have absolutely none; diesel, of which we have absolutely none – I am being repetitive – the only thing we have is gas from our wells, where production has grown,” de la O Levy said.

The Indian rupee fell to an all-time low on Thursday, pressured by stubbornly high oil prices and persistent ‌foreign ⁠portfolio ⁠outflows that have led to current and capital account strain for Asia’s third-largest economy.

The rupee fell 0.1% to 95.8525 per U.S. dollar, eclipsing ⁠its previous ‌record low of 95.7950 hit in ⁠the previous session.

The rupee has declined 1.4% this week and hit record lows in each trading session between Tuesday and Thursday.
India’s heavy reliance on ‌oil imports leaves the currency particularly vulnerable among emerging markets ⁠if the Iran war drags on. The country imports about 90% of its oil needs and about 50% of its gas requirements.