Baylin Technologies Announces $860,000 (CAD) Order from the National Oceanic and Atmospheric Administration and Short-Term Extension to Credit Agreement

TORONTO, March 27, 2025 /CNW/ - Baylin Technologies Inc. (TSX: BYL, OTCQB:BYLTF) ("Baylin" or the "Company") is pleased to announce that its Advantech Wireless Technologies subsidiary recently won a C$860,000 order for its high-power amplifiers from the US National Oceanic and Atmospheric Administration ("NOAA").

In preparation for the next hurricane season, NOAA will use Advantech's high-power amplifiers to carry the telemetry, tracking and control links for their fleet of Geostationary (GEO) weather observation satellites. NOAA's dedicated scientists use cutting edge research and high-tech instrumentation to provide decision makers with reliable information when they need it.

Leighton Carroll, Baylin's CEO, said, "Baylin is pleased to receive this follow-on order from NOAA to supply our 1.25 kW S-band amplifier systems as the Agency prepares for the upcoming hurricane season. High power is our forte, and this is another example of our unique capabilities delivering mission critical capabilities for our customers." 

The Company is currently in the process of settling a new amended and restated credit agreement with its lender to extend the Company's revolving credit facility until April 30, 2026. In order to provide sufficient time to settle the new credit agreement, the lender has agreed to a short-term extension of the current credit facility from March 31 to April 30, 2025.

About Baylin

Baylin is a leading diversified global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio-frequency and satellite communications products, and the provision of supporting services. Baylin aspires to exceed its customers' needs and anticipate the direction of the market. For further information, please visit www.baylintech.com.

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. Forward-looking statements 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", "outlook", "plan", "potential", "project", "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 performance and capacity of Advantech's high-power amplifiers and their benefits to its customer. 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 satellite communications 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 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.

For further information contact: Investor Relations: Kelly Myles, Marketing and Communications Director, Baylin Technologies [email protected]