TORONTO, Nov. 10, 2017 /CNW/ - Baylin Technologies Inc. (BYL.TO) (the "Company" or "Baylin"), a global provider of innovative antenna solutions for the networking, mobile, small cell, DAS and BSA markets, today announced that it has been awarded a two year contract anticipated to provide several million dollars of revenue from a large South West Asian operator for a MiFi device that is expected to have significant deployments commencing in 2018.
President and CEO, Mr. Randy Dewey, stated, "We are very pleased to have forged this partnership with a new customer and in a device market that we haven't historically done business in. Our APAC team continues to work diligently to uncover new opportunities in their marketplace."
The area of the world that this device will be deployed in is currently served primarily by a 2G network that has some 3G capability. This MiFi product will provide a significant enhancement to the connectivity experience.
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]