TORONTO, Feb. 20, 2018 /CNW/ - Baylin Technologies Inc. ("Baylin") (TSX: BYL) today announced the signing of a Master Purchase Agreement between Galtronics Corporation, a subsidiary of Baylin, and a Tier 1 Wireless Infrastructure OEM.
Galtronics is pleased to announce that it is now fully approved as an equipment supplier to a Tier 1 Wireless Infrastructure OEM. Galtronics Chief Operating Officer, Jerry Kirshman, stated: "We welcome this partnership and the new projects and opportunities it will present for Galtronics as a fully approved supplier. This opportunity will move Galtronics forward in our development of advanced antenna technologies which will be a requirement in next generation networks."
Baylin's President and CEO, Randy Dewey commented: "This agreement marks a very strong entry point into a segment of the Network OEM arena that is very exciting. We've spent a lot of time over the past number of years gaining acceptance and recognition at the carrier level. To have a reputable Tier 1 partner who has a meaningful role in the future construct of the 5G network turn to us for a technology and commercial partnership is an outstanding accomplishment. We look forward to laying the data highways of the world through our antenna products on the 5G network."
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. NHL is a registered trademark of the National Hockey League; the National Hockey League does not endorse of any of Baylin's products nor is there any relationship amongst such parties.
SOURCE Baylin Technologies Inc.
For further information: Investor Relations: Kelly Myles, Marketing and Communications Manager, Baylin Technologies Inc., firstname.lastname@example.org