TORONTO, July 17, 2018 /CNW/ - Baylin Technologies Inc. ("Baylin") (TSX: BYL) announced today that its newly acquired Kirkland, Quebec subsidiary, Alga Microwave Inc. (Alga) has received multiple orders totalling more than $1.6 million dollars from a European NATO customer for its X-Band satellite communication (SATCOM) transceivers.
"Defense and military customers are important sectors for Alga. These orders represent the continuation of a long-standing relationship with an important European NATO customer and further solidify Alga's position as a global provider of leading-edge satellite communications equipment." said Randy Dewey, President and CEO of Baylin Technologies Inc.
Alga is a proud Canadian supplier of passive and active Radio Frequency (RF) products, Microwave Solid State Power Amplifiers (SSPAs), Block Up Converters (BUCs), Pulsed Amplifiers for radar applications and transmitter and transceiver products. Alga is one of the few companies in the world offering products in the 2.0 to 31.0 GHz radio frequency and the 5 to 16,000 watt power spectrum.
Baylin (TSX: BYL) is a diversified leading global wireless technology management company. Baylin focuses on research, design, development, manufacturing and sales of passive and active RF 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 Director, Baylin Technologies Inc., [email protected]