Toronto, Ontario – November 14, 2017– Baylin Technologies Inc. (BYL.TO) (the “Company” or “Baylin”), a global provider of innovative antenna solutions for the networking, mobile, small cell, DAS and BSA markets, is pleased to report shipments of over one thousand (1,000) small cell antennas since July 2017.
Baylin reported in Q2 2017 that the launch of its new small cell product was slightly delayed and the final approval of the product was related to the small cell head-end and not the antenna. This product started shipping at the end of July 2017. Since that time, the company has shipped over 1,000 of these antennas. Baylin’s small cell antenna remains the ONLY approved small cell antenna in the field.
President and CEO, Mr. Randy Dewey stated, “the R&D team is working on several new small cell products and I am pleased to advise that development is ahead of schedule. We expect to start taking orders for the new products in the coming weeks.”
The increasing demand for network capacity is contributing to the growth of the global small cell market. Technavio analysts forecast the global small cell market to grow at a CAGR of close to 19% from 2017 to 2021 (from $4.50 billion to $10.65 billion USD). Source: Global Mobile Communication Antenna Market 2017-2021, January 2017.
For further information contact:
Kelly Myles, Marketing and Communications Manager
Baylin Technologies Inc.
Source: Baylin Technologies Inc.
Baylin (TSX: BYL) is a leading global wireless technology management company. Baylin focuses on design, development, manufacturing and delivery of leading wireless products and services. We aspire to meet our customers’ needs and anticipate the direction of the market.
Forward-looking Information Cautionary Statement
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