TORONTO, March 7, 2024 – Baylin Technologies Inc. (TSX:BYL) (“Baylin”) is pleased to announce that its Galtronics Embedded Antenna business line has won a multi-year, multi-million dollar antenna design and build award for a Wi-Fi 7 Gateway and wireless range extenders from a Tier 1 US Internet service and fibre provider.
The Embedded Antenna business works closely with its customers to design connectivity solutions for original equipment manufacturers, partners and industries who require custom made antennas within their products. This new program is expected to extend over a 3–5 year period and incorporate millions of units.
Baylin’s Chief Executive Officer, Leighton Carroll, is pleased with the award. “Our Galtronics team gets chosen because we excel in creating engineered solutions for challenging RF design problems and we manufacture these quality solutions cost effectively. We operate in a fiercely competitive market and customers choose Galtronics when the RF performance matters, and the design requires innovative engineers to solve the challenge. I am proud of our Embedded team and this award demonstrates the real value they deliver to our customers.”
About Baylin
Baylin is a leading diversified global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio-frequency products, satellite communications products, and supporting services. Baylin aspires to exceed its customers’ needs and anticipate the direction of the market. For further information, please visit www.baylintech.com.
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 forwardlooking 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 size and term of the design and build antenna award foe the Embedded Antenna business line. 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.sedarplus.ca. All the forward-looking statements 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.
