TORONTO, July 11,
2022 /CNW/ - 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.
About 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.
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. 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.
SOURCE Baylin Technologies Inc.