TORONTO, April 7, 2020 /CNW/ - Baylin Technologies Inc.
(TSX: BYL) (the "Company" or "Baylin"), a leading,
diversified, global wireless technology company focused on
research, design, development, manufacturing and sales of passive
and active radio frequency products and services, today announced
that its subsidiary, Advantech Wireless Technologies Inc.
(Advantech), has received over $1.2
million in purchase orders for its Satcom frequency
converters.
Randy Dewey, President and CEO of
Baylin, commented that "these rugged, compact and lightweight
converters will be deployed to a major US carrier to help fulfill
the urgent demand created by the exponential increase of online
traffic resulting from the COVID-19 pandemic. The second order is
from NATO for a Naval Satcom Modernization program which requires
products offering military-grade performance when operated in less
than ideal conditions. "
High quality RF converters are a key element in systems designed
for wideband services such as 5G, regardless of whether the
application is GEO, MEO or LEO. Advantech has been designing Satcom
converters for over 20 years and the new generation of frequency
converters feature monitor and control (M&C) functionality and
utilizes the latest in conversion technology that meets or exceeds
the spectral purity, phase noise and frequency stability
requirements network operators, government and military
installations demand.
Forward-Looking Statements
This press release includes forward-looking information and
forward-looking statements ("forward-looking statements") within
the meaning of applicable securities laws. They are not statements
of historical fact. Rather, it is disclosure regarding
events, conditions, developments 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, plans, estimates and
intentions and statements concerning anticipated future events,
circumstances, expectations, results, operations or performance.
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", "plan", "potential",
"project", "outlook", "seek", "target", "trend" or "will" or the
negative or other variations of these words or other comparable
words or phrases and is 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 capability of Advantech's converters to
meet customer expectations. Forward-looking information and
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 in the antenna and related industries, 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 Annual Information Form dated March 11, 2020 which is available on the
Company's profile 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.
About Baylin
Baylin Technologies Inc. is a leading, diversified, global
wireless technology company. Baylin focuses on research, design,
development, manufacturing and sales of passive and active radio
frequency products and services. Baylin aspires to meet its
customers' needs and anticipate the direction of the market. For
further information, please visit www.baylintech.com or
contact Investor Relations: investor.relations@baylintech.com.
SOURCE Baylin Technologies Inc.