Toronto, Canada – April 11, 2022 – Baylin Technologies Inc. (TSX BYL) (the “Company”) is pleased to announce that its Galtronics USA subsidiary received a purchase order of over $700,000 (CAD) from a US carrier for its macro antennas. The antennas will be used for their continued LTE upgrade.
The Galtronics macro antennas are a comparatively lightweight solution that can support growing capacity and throughput requirements. The customer chose a combination of three Galtronics models that support low and mid band requirements for the current LTE networks and eventual 5G roll-out.
“Customers find Galtronics antennas to be superior to our competitors for several reasons”, said Minya Gavrilovic, President and CTO of Galtronics USA. “Our macro antenna solutions weigh less and support the 600 MHz spectrum which fits this carrier’s strategic play for future 5G solutions in rural sites. The combination of spectral performance, form factor, and competitive pricing allowed us to win this business over much larger competitors.”
Leighton Carroll, CEO of Baylin, added, “Wins of this magnitude demonstrate that our products meet our customers’ needs with superior performance and competitive pricing. This order reflects the expertise and innovations of our team and represents a significant win in a new product line for Galtronics USA. Through continued innovation and customer focus, I am looking forward to seeing further successes like this.”
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.
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 effect of the sale of our macro antennas to a US carrier. 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.
For further information contact:
Kelly Myles, Marketing and Communications Manager
Baylin Technologies Inc.