BYL Baylin Technologies Inc

TORONTO, June 15, 2023 /CNW/ - Baylin Technologies Inc. (TSX: BYL) is pleased to announce  that its Galtronics subsidiary's multibeam antennas have been installed at the Circuit Gilles-Villeneuve racetrack in Montreal ahead of this weekend's 2023 Canadian Grand Prix. This builds on other recent successes, with installations of its antennas at three National Football League stadiums and a Major League Baseball Park in the United States.

"Galtronics multibeam antennas will provide coverage to a sold-out crowd in the grandstands, and in other areas of the racetrack facility, to enhance the fan experience", said Whit Martin, Galtronics Wireless Infrastructure VP of Sales.

Leighton Carroll, CEO of Baylin Technologies, said "Carriers want the best wireless experience for their customers. The Canadian Grand Prix is a perfect example of wireless users needing enhanced coverage and throughput. At an event like an F1 race, attendees post pictures and videos on social media while keeping up with the race itself on mobile apps. With capacity and data speed critically important to the customer experience, Galtronics' proprietary multibeam antennas were chosen to enhance coverage for this marquee event in Montreal."

The F1 circuit runs from March to November. Galtronics' antennas will also be broadly deployed at Mexico's Autodromo Hermanos Rodriguez racetrack ahead of the Mexico City Grand Prix in October. Whit Martin said the installation in Mexico "will facilitate coverage in all seating areas and also at the field level for live music entertainment following the race".

Baylin is a leading diversified global technology company. The Company focuses on research, design, development, manufacturing, and sales of passive and active radio-frequency products, satellite communications products, and supporting services. We strive to meet our customers' needs and anticipate the direction of the market.

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 benefits and technical attributes of the Galtronics antennas. 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.