TORONTO, Jan. 14, 2019 /CNW/ - Baylin Technologies Inc. ("Baylin") (TSX: BYL) today announced that its Kirkland, Quebec wholly owned subsidiary, Alga Microwave Inc. ("Alga"), has signed an agreement in principal to design and manufacture key components for a Tier 1 global telecom equipment producer headquartered in Sweden. The supply agreement, which commences immediately and extends through the end of 2020, represents a multi-million dollar program whereby Alga will furnish critical passive components used in point-to-point and point-to-multipoint telecom equipment, along with engineering design and support services.
"This agreement extends our long-standing relationship with this important customer and strengthens Alga's position as a global provider of leading-edge equipment", explained Randy Dewey, Baylin's President and CEO. "Alga's strategy of providing high value technical solutions to the industry continues to be effective. We are introducing new technologies to our customer base, opening new markets and establishing ourselves as a global leader for large scale telecommunications initiatives."
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.
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
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SOURCE Baylin Technologies Inc.
For further information: Investor Relations: Kelly Myles, Marketing and Communications Director, Baylin Technologies Inc., email@example.com