TORONTO, Dec. 16, 2016 /CNW/ - Baylin Technologies Inc. ("Baylin") (TSX: BYL), a leading provider of wireless antenna solutions, today announced the award of a significant platform with a major OEM networking customer.
Several industry mergers in the past three years have created new opportunities and this is our first major win as a result of the new networking business climate. Mr. Cliff Connors, EVP of Sales for the Networking antenna division, announced that "this award is a very substantial win for the Baylin and we expect it will lead to additional opportunities with this customer". The product deliveries are scheduled to commence in 2017 and will span four marquis platforms with this customer.
Baylin's President and CEO, Mr. Randy Dewey, said "I am delighted with the momentum in the industry and the opportunities ahead for Baylin in this sector".
About Baylin Technologies Inc.
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.
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Certain statements contained in this news release, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, we have made numerous assumptions. Although our management believes that the assumptions made and the expectations represented by such statement or information are reasonable, there can be no assurance that any forward-looking statement or information referenced herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such risks, uncertainties and other factors include, among other things those risks identified in Baylin's Annual Information Form filed on SEDAR at www.sedar.com.
Although we have attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of Baylin. Accordingly, readers should not place undue reliance on forward-looking statements or information. Baylin undertakes no obligation to reissue or update any forward-looking statements or information as a result of new information or events after the date hereof except as may be required by applicable securities law. All forward-looking statements and information herein are qualified by this cautionary statement
SOURCE Baylin Technologies Inc.
For further information: Investor Relations: Kelly Myles, Marketing and Communications Manager, Baylin Technologies Inc., kell[email protected]