Dec 22, 2017, 08:30 ET
TORONTO, Dec. 22, 2017 /CNW/ - Baylin Technologies Inc. ("Baylin") (TSX: BYL) today announced the grand opening of the R&D Centre of Excellence in Ottawa, Canada.
On Tuesday December 19th the Baylin Executive team travelled to the nation's capital to officially open the Canada R&D Centre of Excellence. Dr. Minya Gavrilovic and his team hosted the Baylin executives for the launch, tour and ribbon cutting festivities. Invited guests included the West Ottawa Board of Trade, Canadian customers and friends of the company.
The 13,000 square foot custom built state of the art facility was designed specifically with a goal of creating complicated high quality antenna products as nimbly as possible. Galtronics' goal is to maintain its position at the forefront of the wireless antenna sector. By locating in this renowned tech area they have access to the best engineering talent in the region. Currently there are 5 PhD's on staff.
Dr. Gavrilovic, EVP of Innovation, is very pleased with the move into the facility. "We started building a team and worked in small temporary spaces while this facility was being built. We have added engineers and technicians over the last six months in a very strategic manner. While the tight working conditions were challenging, the close proximity to one another created tremendous collaboration and cohesion for the team. While the space is extraordinary, it is the people working here who will ultimately make the difference to our business," explained Dr. Gavrilovic.
President and CEO, Randy Dewey stated, "We are very pleased to have a R&D Centre of Excellence in Canada. Being publicly traded on the Toronto Stock Exchange and having the majority of our customer base located in North America, this move to Ottawa makes tremendous sense for us."
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
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.
For further information: Investor Relations: Kelly Myles, Marketing and Communications Manager, Baylin Technologies Inc., [email protected]
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