Company signs agreements with two mobile phone manufacturers.
TORONTO, Sept. 28, 2015 /CNW/ - Baylin Technologies Inc. ("The Company") (TSX: BYL), a global provider of innovative antenna solutions for the mobile, broadband and wireless infrastructure markets, today announced that it has been awarded contracts with two separate new mobile original equipment manufacturers ("OEM"). Both platforms are expected to begin shipping in Q1 2016.
"These new contracts with new customers highlight the success of our efforts directed at diversifying our revenue base in our mobile division," said Randy Dewey, President and Chief Executive Officer, Baylin. "Becoming an approved vendor for these manufacturers marks a very important milestone for our Company. It provides us with the opportunity to build long-term ongoing relationships with these OEMs and drive further top-line growth. This development supports our strategy of diversifying within the mobile unit, while continuing to grow new segments. We continue to be a technology leader in the mobile antenna space, and with these new contracts we are optimistic about our prospects for the mobile division in 2016."
The contracts are for antennas on two different smartphone platforms that will use Baylin's LDS antenna technology.
"Our mobile division's hard work was the driving force behind these new contract wins," said Mike Moon, Executive Vice-President, Mobile Business, Baylin. "We are increasingly seeing a shift towards the use of LDS antenna technology in the manufacturing of newer smartphone models, a technology that we can expertly engineer and customize for OEMs. As we position ourselves for long-term growth in mobile, we will focus on continuous innovation of our LDS technology and the expansion of our business with these manufacturers and others."
About Baylin Technologies
Baylin (TSX: BYL) is a leading global technology company with more than 37 years of experience in designing, producing and supplying innovative antennas for the Mobile, Networking and Wireless Infrastructure industries. We strive to meet our customers' needs by being their trusted partner from initial design to production with an extensive portfolio of custom engineered solutions as well as leading edge off-the-shelf antenna product.
SOURCE Baylin Technologies Inc.
For further information: Investor Relations: Conrad Seguin, NATIONAL Equicom, 416.586.9916, [email protected]