TORONTO, June 21, 2019 /CNW/ - Baylin Technologies Inc. (TSX: BYL) (the "Company" or "Baylin"), today announced that its wholly-owned subsidiary, Alga Microwave Inc. ("Alga"), has received a purchase order in the amount of $600,000 from a leading European defense contractor for its X-Band line of transceivers which are designed for strategic wide band defense applications..
Randy Dewey, Baylin President and CEO, explains "We are pleased to receive this supplementary order, from a European customer, of our military grade X-Band transceivers which are designed and produced by Alga to meet the stringent defence requirements needed to support large data rates and wide bandwidth applications."
The latest generation of X-Band transceivers from Alga features exceptional linearity and operating efficiency and is built to deliver outstanding performance in the most challenging environments. These high-power units are designed to provide very high throughput for large strategic defence satellite teleports in any environmental condition.
Alga is a leading designer and provider of radio frequency (RF) components and systems for the telecommunications and satellite communications industries, as well as a variety of other sectors. 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. For procurement purposes please contact [email protected]
Baylin Technologies Inc. (TSX: BYL) is a diversified leading global wireless technology management company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio-frequency products and services. Baylin aspires to exceed its customers' needs and anticipate the direction of the market. For further information, please visit www.baylintech.com.
Certain statements contained in this press release constitute "forward-looking statements" that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, objectives or achievements of the Company, or industry results, to be materially different from any future results, performance, objectives or achievements expressed or implied by such forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates,", "predicts," "potential," "targeted," "plans," "possible" and similar expressions, or statements that events, conditions or results "will," "may," "could" or "should" occur or be achieved. The forward-looking statements in this press release include, but are not limited to, statements regarding the Company's expected product pipeline, plans to expand the Company's business into new markets, the Company's ability to achieve organizational efficiencies, and other statements regarding the Company's plans, objectives and expectations. These statements reflect the Company's current views regarding future events and operating performance and are based on information currently available to the Company as of the date of this press release. These forward-looking statements involve a number of risks, uncertainties and assumptions and should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such performance or results will be achieved. Those assumptions and risks include, but are not limited to, the Company's ability to successfully allocate capital as needed and to develop new products, as well as the fact that the Company's results of operations and business outlook are subject to significant risk, volatility and uncertainty. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to the risk factors discussed in the Company's Annual Information Form dated March 13, 2019 which is available on the Company's profile at www.sedar.com. All of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. Unless required by applicable securities law, the Company does not intend and does not assume any obligation to update these forward-looking statements.
SOURCE Baylin Technologies Inc.
For further information: Investor Relations: Kelly Myles, Marketing and Communications Director, Baylin Technologies Inc., [email protected]