TORONTO, June 21, 2019 /CNW/ - Baylin Technologies Inc.
(TSX: BYL) (the "Company" or "Baylin"), today announced that
its wholly-owned subsidiary, Alga Microwave Inc. ("Alga"), has
received a purchase order in the amount of $600,000 from a leading European defense
contractor for its X-Band line of transceivers which are designed
for strategic wide band defense applications..
Randy Dewey, Baylin President and CEO, explains "We are
pleased to receive this supplementary order, from a European
customer, of our military grade X-Band transceivers which are
designed and produced by Alga to meet the stringent defence
requirements needed to support large data rates and wide bandwidth
applications."
The latest generation of X-Band transceivers from Alga features
exceptional linearity and operating efficiency and is built to
deliver outstanding performance in the most challenging
environments. These high-power units are designed to provide very
high throughput for large strategic defence satellite teleports in
any environmental condition.
ABOUT ALGA
Alga is a leading designer and provider of radio frequency (RF)
components and systems for the telecommunications and satellite
communications industries, as well as a variety of other sectors.
Alga is one of the few companies in the world offering products in
the 2.0 to 31.0 GHz radio frequency and the 5 to 16,000-watt power
spectrum. For procurement purposes please
contact sales@alga.ca
ABOUT BAYLIN
Baylin Technologies Inc. (TSX: BYL) is a diversified
leading global wireless technology management company. Baylin
focuses on research, design, development, manufacturing and sales
of passive and active radio-frequency products and 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
Certain statements contained in this press release constitute
"forward-looking statements" that involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance, objectives or achievements of the Company, or industry
results, to be materially different from any future results,
performance, objectives or achievements expressed or implied by
such forward-looking statements. Forward-looking statements are
frequently, but not always, identified by words such as "expects,"
"anticipates," "believes," "intends," "estimates,", "predicts,"
"potential," "targeted," "plans," "possible" and similar
expressions, or statements that events, conditions or results
"will," "may," "could" or "should" occur or be achieved. The
forward-looking statements in this press release include, but are
not limited to, statements regarding the Company's expected product
pipeline, plans to expand the Company's business into new markets,
the Company's ability to achieve organizational efficiencies, and
other statements regarding the Company's plans, objectives and
expectations. These statements reflect the Company's current views
regarding future events and operating performance and are based on
information currently available to the Company as of the date of
this press release. These forward-looking statements involve a
number of risks, uncertainties and assumptions and should not be
read as guarantees of future performance or results and will not
necessarily be accurate indications of whether or not such
performance or results will be achieved. Those assumptions and
risks include, but are not limited to, the Company's ability to
successfully allocate capital as needed and to develop new
products, as well as the fact that the Company's results of
operations and business outlook are subject to significant risk,
volatility and uncertainty. Additional factors that could cause
actual results, performance or achievements to differ materially
include, but are not limited to the risk factors discussed in the
Company's Annual Information Form dated March 13,
2019 which is available on the Company's profile
at www.sedar.com. All of the forward-looking statements made
in this press release are qualified by these cautionary statements
and other cautionary statements or factors contained herein, and
there can be no assurance that the actual results or developments
will be realized or, even if substantially realized, that they 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.