Baylin Technologies Announces Trading of Common Shares on OTCQB

TORONTO, Jan. 29, 2025 /CNW/ - Baylin Technologies Inc. (TSX: BYL) ("Baylin" or the "Company") is pleased to announce that, as of January 29, 2025, the Company's common shares will be quoted and available to trade on the OTCQB® market. This regulated market is operated by OTC Markets Group Inc. and provides US investors with ready access to market information about non-US companies such as Baylin.

Baylin begins trading today on OTCQB under the symbol "BYLTF." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

Baylin's Chief Executive Officer, Leighton Carroll, commented, "Today marks an exciting milestone for the Company as Baylin shares are now quoted on the OTCQB market. The timing could not be better as we see a return to growth, driven by a sustained acceleration of innovation in high tech communication technologies. Given our significant U.S. commercial footprint, this was a logical next step to allow U.S. investors and employees easy access to purchase shares in the Company."

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 benefit of qualifying our common shares for trading on the OTCQB market. 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 Inc, [email protected]