Nov 14, 2017, 08:47 ET
TORONTO, Nov. 14, 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, is pleased to report shipments of over one thousand (1,000) small cell antennas since July 2017.
Baylin reported in Q2 2017 that the launch of its new small cell product was slightly delayed and the final approval of the product was related to the small cell head-end and not the antenna. This product started shipping at the end of July 2017. Since that time, the company has shipped over 1,000 of these antennas. Baylin's small cell antenna remains the ONLY approved small cell antenna in the field.
President and CEO, Mr. Randy Dewey stated, "the R&D team is working on several new small cell products and I am pleased to advise that development is ahead of schedule. We expect to start taking orders for the new products in the coming weeks."
The increasing demand for network capacity is contributing to the growth of the global small cell market. Technavio analysts forecast the global small cell market to grow at a CAGR of close to 19% from 2017 to 2021 (from $4.50 billion to $10.65 billion USD). Source: Global Mobile Communication Antenna Market 2017-2021, January 2017.
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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