TORONTO, Nov. 28,
2022 /CNW/ - Baylin Technologies is pleased to
announce that its Advantech Wireless Technologies ("Advantech")
subsidiary has received an order for two additional Summit II
systems as part of a large-scale western government program. The
current order, valued at approximately $5.1
M CAD, is for Phases II and III of what is anticipated to be
a twenty-phase network with an expected total value of over
$48M CAD with deliveries expected
over the anticipated eight-year term of the program.
John Restivo, President of
Advantech, explains, "As a result of the successful deployment of
Phase I, we are pleased to receive this follow-on order and
commence work on the next two phases of this large scale, mission
critical network. We are supplying Advantech's high-power Summit II
Solid State Power Amplifier systems which have been configured to
be a perfect fit for this very special application."
In separate news, Advantech received another order for its
X-band Summit II systems valued at approximately $1.6M CAD for a deep space communication
application for a European client. Available in L, S, C, X and
Ku-band, at power levels greater than 8,000 watts, Summit II
soft-fail redundant SSPA systems lead the market for
ultra-high-power RF applications.
Leighton Carroll, CEO of Baylin
Technologies, said "With Phase I successfully deployed for our
customer's government purpose, the order represents the first of
many more for these systems we will be building in our Quebec facility. Moreover, the additional
X-band Summit II based system order demonstrates our unique
competitive differentiation in high power satellite communication
applications. This is a testament to the talents and dedication of
the people in our Advantech Wireless business."
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 number of phases of the program for the
Summit II systems, the expected total value of the program and the
term of the program. 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.