TORONTO, Aug. 16,
2023 /CNW/ - Baylin Technologies Inc. (TSX: BYL)
("Baylin" or the "Company") is pleased to announce that its
subsidiary, Advantech Wireless Technologies Inc. ("Advantech"), has
received an order valued at $1,620,000 CAD from a US government agency for
L-band and S-band solid state power amplifier systems.
These products, ranging from 700 watts to 1kW, will provide
telemetry, tracking and control links (TT&C) to a constellation
of Geostationary Equatorial Orbit (GEO) satellites.
Advantech's President, John
Restivo, explains, "This is the first phase of an ongoing
program to upgrade the agency's ground station network. Advantech
has a decades-long legacy of supplying L, S and L/S-band products
that span the power spectrum from 100 watts to 4,000 watts in
a variety of redundancy schemes that include both hardware and
software-based architectures."
Leighton Carroll, Baylin's CEO,
said, "Advantech has been focusing on several key markets including
Government and Space opportunities. This latest win demonstrates
that the strategy of focusing on specific markets where it has
competitive advantage is paying off."
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
Advantech's solid state power amplifiers. 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.sedarplus.ca..
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.