TORONTO, Jan. 31, 2022 /CNW/ - Baylin Technologies
Inc. (TSX: BYL) (the "Company") is pleased to update its
investors on developments at its Advantech Wireless Technologies
("Advantech") subsidiary.
Advantech was recently awarded a multi-year contract to supply
SSPA ("Solid State Power Amplifier") systems to a US-based
sports video broadcast company. The systems will be integrated into
a fleet of hundreds of mobile satellite communications trucks for
the purpose of broadcasting live sporting events. The retrofit will
begin in Q1 2022.
Additionally, Advantech received an award from a major Latin
American customer to supply SSPAs for a military RADAR system. In
this instance, the amplifiers will enable the simultaneous tasks of
surveillance, classification, location, and graphic visualization
of aerial targets. This award is a multi-year supply agreement.
Also, in the SSPA category, Advantech received a substantial
order from a major telecommunications operator for more than 100
SSPA systems and more than 100 frequency converters for a network
that provides communications links between schools, post offices
and other state government facilities. Many of the sites are
located in extremely rural locations in the United States.
"The perseverance and excellence of our Advantech team is
commendable", said Leighton Carroll,
Chief Executive Officer of Baylin. "Our teams in Montreal and the
United States have been working throughout the pandemic on
innovative products that clearly are needed today and in the
future. The quality of work by our engineering and production teams
provides the impetus for the sales organization to win these new
multi-year project placements with key customers."
"I am very pleased with the work our teams have accomplished,"
said John Restivo, President of
Advantech. "The innovations we have developed allow us to compete
very effectively at a positive time for the satellite
communications industry."
About Baylin
Baylin is a leading diversified global technology company. The
Company focuses on research, design, development, manufacturing,
and sales of passive and active radio-frequency products and
services. We strive to meet our customers' needs and anticipate the
direction of the market.
Forward-Looking Statements
This press release includes forward-looking information and
forward-looking statements (together, "forward-looking statements")
within the meaning of applicable securities laws. They 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", "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 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 award of supply contracts, the term of
those contracts and the benefits and use of the products being
supplied. 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 terrestrial microwave
products and 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.
SOURCE Baylin Technologies Inc.