Baylin Technologies Signs Multi-Year Agreement to Supply Major Satcom System Integrator
TORONTO, June 26, 2020 /CNW/ - Baylin Technologies Inc. (TSX: BYL) (the "Company" or "Baylin") today announced that its subsidiary, Advantech Wireless Technologies ("Advantech"), has signed a multi-year agreement to supply a major Satcom system integrator with its Summit II high power SSPA systems.
"Advantech has been contracted by a major satcom system integrator to support a multi-year program. We have received the initial purchase order of more than $2 million dollars (CAD). Under the terms of the agreement, Advantech will supply its Summit II high power SSPA systems to the integrator's project", explained Randy Dewey, President and CEO of Baylin.
Configured for dual band operation, the Summit II systems contain the latest gallium nitride technology and operate over a highspeed CANbus monitor and control platform for maximum efficiency and reliability.
This press release includes forward-looking information and forward-looking statements ("forward-looking statements") within the meaning of applicable securities laws. They are not statements of historical fact. Rather, it is disclosure regarding events, conditions, developments or financial performancethat 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, plans, estimates and intentions and statements concerning anticipated future events, circumstances, expectations, results, operations or performance. 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 is 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 a purchase order to supply a major North American satcom system integrator. Forward-looking information and 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 in the antenna and related industries, 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 Annual Information Form dated March 11, 2020 which is available on the Company's profile 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.
Baylin Technologies Inc. is a leading, diversified, global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio frequency products and services. Baylin aspires to meet its customers' needs and anticipate the direction of the market. For further information, please visit www.baylintech.com or contact Investor Relations: email@example.com.
SOURCE Baylin Technologies Inc.