Toronto, Canada – July 11, 2022 – Baylin Technologies Inc. (TSX BYL) (the “Company”) is pleased to announce that its Galtronics subsidiary has been selected to provide embedded antenna solutions for an innovative US Computer Networking Hardware Company to provide a wireless solution to a Major US Telecommunications Service Provider.
With millions of people continuing to enjoy hybrid and remote work options, the need for efficient, secure internet access is essential. Galtronics will provide the antennas for a 5G mobile hotspot solution which allows service provider’s users to utilize a 5G internet connection with multi-gigabit speeds at home and on the move. Galtronics was awarded a multi-year contract and has shipped over $500,000 CAD in product, year to date.
Minya Gavrilovic, President of Galtronics USA, said “Our Embedded Antenna team thrives on finding solutions to difficult problems and we are excited to have developed this product for our customer and their client. This product will provide an ultra-fast connection and wide-ranging geographic coverage to customers.”
“Our engineering teams continue to provide high quality solutions for our customers who require superior performance to optimize their products, their networks, and ultimately the end customer experience”, explained Leighton Carroll, CEO of Baylin.
Baylin is a leading diversified global technology company. The Company focuses on the research, design, development, manufacture and sale of passive and active radio-frequency products, satellite communications products, and supporting services.
This press release includes forward-looking information and forward-looking statements (together, “forward-looking statements”) within the meaning of applicable securities laws. Forward looking statements are not statements of historical fact. Rather, they are disclosure regarding conditions, developments, events or financial performance that we expect or anticipate may or will occur in the future, including, among other things, information or statements concerning our objectives and strategies to achieve those objectives, statements with respect to management’s beliefs, estimates, intentions and plans, and statements concerning anticipated future circumstances, events, expectations, operations, performance or results. Forward-looking statements can be identified generally by the use of forward‑looking terminology, such as “anticipate”, “believe”, “could” “should”, “would”, “estimate”, “expect”, “forecast”, “indicate”, “intend”, “likely, “may”, “outlook” “plan”, “potential”, “project”, “seek”, “target”, “trend” or “will”, or the negative or other variations of these words or other comparable words or phrases, and are intended to identify forward-looking statements, although not all forward-looking statements contain these words.
The forward-looking statements in this press release include statements regarding the expected performance of the Company’s embedded antenna product. Forward-looking statements are based on certain assumptions and estimates made by us in light of the experience and perception of historical trends, current conditions, expected future developments, including projected growth and sales in passive and active radio frequency and satellite communications products, and supporting services, and other factors we believe are appropriate and reasonable in the circumstances, but there can be no assurance that such assumptions and estimates will prove to be correct.
Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including the risk factors discussed in the Company’s most recent Annual Information Form, which is available on the Company’s profile on SEDAR at www.sedar.com. All the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors in this press release. There can be no assurance that the actual results or developments will be realized or, even if substantially realized, will have the expected consequences to, or effects on, the Company. Unless required by applicable securities law, the Company does not intend and does not assume any obligation to update these forward-looking statements.
For further information contact:
Kelly Myles, Marketing and Communications Manager
Baylin Technologies Inc.