TORONTO, Feb. 16,
2023 /CNW/ - Baylin Technologies Inc. (TSX: BYL) (the
"Company") is pleased to announce that its Advantech Wireless
Technologies subsidiary has received orders totaling more than
$1.5M CAD for its frequency
converters and RF filters.
We received $500,000 in orders
from a US based systems integrator for our frequency converters
which are specifically designed to provide satellite tracking and
navigation capabilities. In addition, we received a $1,000,000 order from a major system integrator
for special RF filters used in Troposcatter applications.
John Restivo, President of
Advantech, explains, "Much of what we do at Advantech involves
engineering custom designs to fit specific applications and our
broad portfolio of both passive and active products gives us a lot
to work with."
Leighton Carroll, CEO of the
Company, said "Our Advantech teams in Canada and the US continue to innovate and
deliver for our customers. I am thrilled to see the continued
progress and success of our satellite communications business. Our
products deliver value for our customers thereby continuing their
high demand."
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 progress and success of our
satellite communications business and continuing high demand for
its products. 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.