TORONTO, May 27, 2020 /CNW/ - Baylin Technologies Inc.
(TSX: BYL) (the "Company" or "Baylin") today
announced that the Wireless Infrastructure Group of its subsidiary,
Galtronics USA Inc. ("Galtronics")
has received purchase orders totalling over $700,000 (CAD) for its small diameter multiband
MIMO antennas.
Galtronics' small diameter multiband MIMO antennas are optimized
for densified urban deployments for 4G and 5G wireless systems. At
only 2" in diameter, these antennas are small enough to meet
the toughest urban zoning requirements. Commonly referred to as
"whip" antennas they are complex small cell antennas that offer
functionality similar to larger diameter quasi-omni canister
antennas.
Baylin President and CEO,
Randy Dewey, is pleased to announce
the receipt of these purchase orders from two leading USA national neutral host companies. "The
products in these orders will be deployed in NYC to boost capacity.
Several mounting options are available however these antennas are
most commonly installed discreetly on the top or side of street and
traffic lights."
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 purchase orders to supply US neutral host
infrastructure providers. 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.