Baylin Technologies Announces Receipt of Over Two Million Dollars in Orders of its Engage™ Class FlyAway Military Grade SATCOM Terminals
TORONTO, Jan. 10, 2020 /CNW/ - Baylin Technologies Inc. (TSX: BYL) (the "Company") announced that its wholly owned subsidiary, Advantech Wireless Technologies Inc., ("Advantech"), has received over two million dollars in orders of its satellite communication terminals from a NATO member country.
Randy Dewey, Baylin Technologies' President and CEO, is pleased to share that "The products that have been ordered from Advantech are advanced satellite terminals which include state of the art digital and RF technologies. These orders are part of a complex modernization program that this active NATO member and has been undergoing in the field since 2017."
The Engage™ Class Flyaway Terminal Solution includes the most advanced SATCOM technology. This flexible and compact satellite terminal has a fully integrated tri-band system designed for strategic applications, ease of deployment and operation under harsh environmental conditions. The entire Satcom terminal has been tested for the highest level of performance and compliance with military requirements. The terminal is based on high efficiency, ruggedized tri-band ready 1.2 Meter and 2.4 Meter Flyaway Antennas which can cover X-Band, Ku-Band, or Ka-Band by replacing the feed only. The antenna is fully motorized and includes an integrated satellite detection controller.
About Baylin
Baylin (TSX: BYL) is a diversified leading global wireless technology management company. Baylin focuses on research, design, development, manufacturing and sales of passive and active RF products and services. We aspire to exceed our customers' needs and anticipate the direction of the market.
Forward-looking Information Cautionary Statement
This news release contains statements that may constitute "forward-looking statements" or "forward looking information" under applicable securities laws, including statements relating to the customers and potential sales of products by Baylin and assumptions regarding the future performance of Baylin. Certain statements made in this news release that are not historical facts are also forward-looking statements. These forward-looking statements reflect management's current internal projections, expectations or beliefs and are based on information currently available to Baylin. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "intend", "plan", "anticipate", "believe", "predict", "potential", "continue" or the negative of these terms or other comparable terminology. A number of factors could cause actual events or results to differ materially from those discussed in the forward-looking statements. Risks and uncertainties that could cause or contribute to such differences include, but are not limited to, those described under "Risk Factors" in Baylin's most recent annual information form, which is available on SEDAR. Baylin has made a number of assumptions in making forward-looking statements in this news release. Although management believes that the forward-looking statements contained herein are based on reasonable assumptions, an investor cannot be assured that actual results will be consistent with such statements. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. Baylin cannot provide any assurance that forward-looking statements will materialize. The forward-looking statements included in this news release are made as of the date of this news release and Baylin undertakes no obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise except as may be required by applicable securities laws.
SOURCE Baylin Technologies Inc.
Investor Relations: Kelly Myles, Marketing and Communications Director, Baylin Technologies Inc., [email protected]; EVP Corporate Development, Daniel Kim, Baylin Technologies Inc., [email protected]
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