TORONTO, May 20, 2020 /CNW/ - Baylin Technologies Inc.
(TSX: BYL) (the "Company" or "Baylin") today
announced that its subsidiary, Alga Microwave Inc. ("Alga"), has
received a purchase order for over $2.5
million of its C-Band 5G Filters.
Alga's C-band 5G filters have been developed over the past three
years and have undergone strenuous approval processes before being
selected for implementation. The coverage and capacity band of the
new 5G cellular network will operate primarily at the 3.3 to 3.6
GHz spectrum creating interference concerns with the C-band
satellite communication terminals which receive Space-to-Earth
signals in the 3.4 to 4.2 GHz band. Alga's specialized 5G filters
are designed to prevent interference between the cellular and
satellite networks.
Randy Dewey, President and CEO of
Baylin, stated, "The 5G global network mass deployment that is
underway makes filter technology increasingly critical. With the
introduction of 5G networks, C-band frequencies will now be shared
with a wider range of services. Alga's filter has been designed
specifically to clear portions of the C-band spectrum."
Please note, this announcement is not related to the Company's
May 6, 2020 supply agreement
announcement.
Forward-Looking Statements
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 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, 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 US
satellite network provider. 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.
About Baylin
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: investor.relations@baylintech.com.
SOURCE Baylin Technologies Inc.