Baylin Technologies Announces Expansion into European Market with Growing Demand for its Patented Multibeam Antennas
TORONTO, July 18, 2023 /CNW/ - Baylin Technologies Inc. (TSX: BYL) is pleased to announce that its Galtronics subsidiary has begun selling its multibeam antennas directly to European wireless carriers and systems integrators, a first for the company.
Wireless carriers have been preparing their networks this spring and summer in advance of the jam-packed concert and event season. Large events require technologies capable of handling high capacity and high data throughput in dense customer environments. The patented Galtronics multibeam antennas are unique in their ability to handle large scale events in a cost-effective manner for wireless carriers. Based on the strength of their adoption in the United States and Canada, European wireless customers have started to use the technology as well.
The first European multibeam antenna was deployed at Phoenix Park in Dublin in time for the June 1st to 5th Bord Bia Bloom festival, one of Ireland's largest (120,000 attendees) events. Just north of Dublin, Galtronics had its multibeam antenna installed at Slane Castle to support the wireless traffic generated by the 80,000 people who attended the Harry Styles concert on June 10th.
Galtronics multibeam antennas were also deployed by an Italian wireless carrier to provide enhanced capacity, coverage, and throughput to the large crowds at various concerts in both Rome and Milan.
Most recently, Galtronics antennas have also been installed for the Pope's upcoming visit to Portugal for the 37th World Youth Day, August 2nd to 6th, where 400,000 are expected to gather. Moreover, several of the carriers have ordered additional units after seeing the capabilities of the multibeam antennas first-hand during their recent deployments.
Baylin CEO, Leighton Carroll, said, "When your technology is truly innovative and cost-effective, you have the opportunity to open new markets for your business. The Galtronics multibeam antennas are a unique technology which is opening doors for our business in markets where we have not been previously. We look forward to continuing to build on these new customer relationships."
Baylin is a leading diversified global technology company. It 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.
Investor Relations: Kelly Myles, Marketing and Communications Manager, Baylin Technologies Inc., [email protected]
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