TORONTO, Oct. 6, 2017 /CNW/ - Baylin Technologies Inc. ("Baylin") (TSX: BYL) today announced updates on the new Ottawa R&D facility, and the transfer of assets from Israel to Ottawa, as well several new strategic hires for their Canadian R&D team.
Dr. Minya Gavrilovic, Executive Vice President of Innovation, is eagerly anticipating moving into a new state of the art location next month that will house combined office, lab and test facilities. In the meantime, Baylin has added several key industry Base Station antenna design experts to the R&D team in Ottawa. The addition of four RF PhD's and three mechanical engineers from the industry has accelerated expansion efforts. The Base Station development process is ahead of schedule and new products are on-track to hit the market in early 2018.
Furthermore, the Base Station and Small Cell sales team has expanded through the recent hire of four new sales people with antenna industry experience in this market. Baylin has been executing on its strategy and anticipates that it will make significant inroads into the Base Station and Small Cell market over the next few years. Management is of the view that its strategic initiatives are already providing results.
Mr. Randy Dewey, President and CEO of Baylin Technologies is enthusiastic about the team and its progress to date. "The Galtronics Canada team and facilities are developing ahead of schedule under the expert guidance of Dr. Gavrilovic. I am very pleased with the changes we have made in the company in 2017 and the anticipated growth that is expected as a result of those advancements."
Baylin Technologies will announce the third quarter financial results on November 2, 2017 at 8 a.m. The participant call in number is 1-888-231-8191.
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]