TORONTO, March 22, 2017 /CNW/ - Baylin Technologies Inc. (TSX: BYL) (the "Company" or "Baylin"), is pleased to announce that it is moving forward with its macro antenna business strategy (Base Station Antennas) through its subsidiary Galtronics. This business line was the primary purpose for the prospectus offering that closed on December 22, 2016.
The Company is pleased to announce it has hired two Base Station Antenna veterans to further this business plan: Mr. Jerry Kirshman and Dr. Minya Gavrilovic.
Mr. Kirshman has been appointed to the position of COO and President, Americas/EMEA within Galtronics Corporation. Mr. Kirshman comes to Galtronics with over 20 years' experience in the wireless antenna industry. Throughout his illustrious career, he has demonstrated an outstanding ability to grow his business unit. He has broad US and Canadian carrier sales experience and decades of experience in Base Station and DAS antenna products. Randy Dewey said, "We are very excited to bring Mr. Kirshman on to our team."
Dr. Gavrilovic has been appointed to the position of EVP Innovation and Product Strategy, Galtronics Corporation. Dr. Gavrilovic has over 20 years' experience in RF product development and has worked extensively in Base Station Antenna development. He has a very well respected reputation in the antenna industry.
Randy Dewey, Vice Chairman, President and CEO said, "Having such exceptionally talented professionals join our company to assist in the growth of this new opportunity will help set us on a solid track towards success in the marketplace. We look forward to working with these accomplished individuals."
Baylin (TSX: BYL) is a leading global wireless technology management company. Baylin focuses on design, development, manufacturing and delivery of leading wireless products and services. We aspire to meet our customers' needs and anticipate the direction of the market.
Forward-looking Information Cautionary Statement
Statements in this press release contain forward-looking information including, without limitation, the anticipated use of proceeds by Baylin. The intended use of the net proceeds of the Offering by Baylin might change if the board of directors of Baylin determines that it would be in the best interests of Baylin to deploy the proceeds for some other purpose. The words "will", "expect", "may" and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by Baylin.
THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.
SOURCE Baylin Technologies Inc.
For further information: Investor Relations: Kelly Myles, Marketing and Communications Manager, Baylin Technologies Inc., [email protected]