Baylin Technologies Signs Five Million Dollar Supply Agreement to Supply Global Tier 1 Satellite Network Providers
TORONTO, May 6, 2020 /CNW/ - Baylin Technologies Inc. (TSX: BYL) (the "Company" or "Baylin") today announced that its subsidiary, Alga Microwave Inc. ("Alga"), has signed a supply agreement with a global Tier 1 satellite and terrestrial telecommunications network provider to supply over $5 million of its C-Band 5G Filters.
The supply agreement is part of a seven-month program involving Tier 1 network providers of satellites and ground infrastructure for the purpose of creating, delivering and managing video and data solutions for their world-wide customers. Deliveries are expected to commence in June 2020.
Randy Dewey, President and CEO of Baylin, stated, "Baylin purchased the Alga business in July 2018 in large part because Alga is a unique leader in the SatCom industry since it provides both state of the art active RF/microwave products and designs and manufactures a full range of passive microwave components. With 5G networks commencing deployment globally, filter technology will be increasingly critical. Telecommunications providers will need partners who have the expertise to provide custom solutions for their technological challenges. Alga is an established leader in this field and with its current 5G filter developments can efficiently supply quality products for large scale telecommunications deployments."
Alga's C-band 5G filters are applicable for both the satellite communications market and the wireless telecommunications market. Traditionally C-Band (3.8-4.2 GHz) is used for satellite services, radar and microwave links. With the introduction of 5G networks, these C-band frequencies will now be shared with a wider range of services. The resulting interference signals can be powerful enough to saturate the sensitive C-Band satellite receiving systems which may result in total loss of service. Alga's filter has been designed to clear portions of the C-band spectrum to support the growth of mobile data and the introduction of 5G services globally.
Forward-Looking Statements
This press release includes forward-looking information and forward-looking statements ("forward-looking statements") within the meaning of applicable securities laws. They are not statements of historical fact. Rather, it is disclosure regarding events, conditions, developments 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, plans, estimates and intentions and statements concerning anticipated future events, circumstances, expectations, results, operations or performance. 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 is 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 fulfillment of an order to supply a Tier 1 satellite network provider. Forward-looking information and 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 in the antenna and related industries, 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 Annual Information Form dated March 11, 2020 which is available on the Company's profile 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.
About Baylin
Baylin Technologies Inc. is a leading, diversified, global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio frequency products and services. Baylin aspires to meet its customers' needs and anticipate the direction of the market. For further information, please visit www.baylintech.com or contact Investor Relations: [email protected].
SOURCE Baylin Technologies Inc.
Investor Relations, Kelly Myles, Marketing and Communications Director, Baylin Technologies Inc., [email protected]
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