TORONTO, Jan. 4, 2023
/CNW/ - Baylin Technologies Inc. (TSX: BYL) (the "Company") is
pleased to announce that its Galtronics subsidiary has received
orders totaling more than $1.0M CAD
for its innovative multibeam antennas on behalf of a major North
American carrier. This is the first multibeam order for use with
low-band spectrum, as well as the new C-band spectrum, and expands
these types of opportunities for Galtronics' business. It also
represents a new carrier customer for the Galtronics' multibeam
antennas.
The recently released multibeam models cover additional spectrum
frequencies used by wireless carriers. The success of the
technology and its overall value has opened additional
opportunities for the business across multiple new customer use
cases.
Minya Gavrilovic, President and
CTO of Galtronics, explains, "This is a significant achievement for
the business. Within three months of our announcement of the
availability of these new multibeam antennas, we have received a
significant order. It's a validation that our product design is
what the market wants, solving customer needs in high traffic
locations."
Leighton Carroll, CEO of the
Company, said "Galtronics multibeam antennas deliver huge increases
in network capacity when customer density and throughput are at a
premium. They have been deployed at airports, special events, and
as Cell-On-Wheels to solve our customers' needs for a quality
experience in high traffic environments. This win is another
demonstration of the versatility and quality of our
technology."
Galtronics expects that the demand for mobile bandwidth will
continue to grow as the need for high-speed, high-density,
ultra-fast cellular connections at stadiums, venues, airports, and
other high traffic locations will only increase over time.
Galtronics solves customers' needs through unique patent pending
technologies.
About Baylin
Baylin is a leading diversified global technology company. The
Company focuses on the research, design, development,
manufacturing, and sale of passive and active radio-frequency
products, satellite communications products, and supporting
services.
Forward-Looking Statements
This press release includes
forward-looking information and forward-looking statements
(together, "forward-looking statements") within the meaning of
applicable securities laws. They 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", "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 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 technical capability and benefits of our
multibeam antennas and the expected increase in demand for mobile
bandwidth. 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.
SOURCE Baylin Technologies Inc.