TORONTO, Oct. 22,
2024 /CNW/ - Baylin Technologies Inc. (TSX: BYL)
(the "Company") is pleased to announce that its subsidiary,
Advantech Wireless Technologies Inc. ("Advantech"), has received an
additional order for a pair of amplifier systems to support a
cislunar communications network. This $1
million order is the latest award for Advantech's
solid-state, high-power amplifier system. The system will be used
in the Artemis Moon Exploration Program.
John Restivo, President of
Advantech, said, "This is another example of Advantech securing a
viable position within the moon exploration community. Our special
frequency amplifiers are being ordered and shipped to locations
around the globe to support Near Space Network (NSN) requirements,
including NASA's Lunar Exploration Ground Sites (LEGS)
network."
"Advantech has done an excellent job of creating differentiated
solutions for the Satellite Communications market. In this case,
Advantech amplifiers will play a key role in powering communication
for the NASA Artemis lunar space program. I look forward to seeing
continued momentum in our support of the broader space segment,"
said Leighton Carroll, CEO of the
Company.
About Baylin
Baylin is a leading diversified global wireless technology
company. Baylin focuses on research, design, development,
manufacturing and sales of passive and active radio-frequency
products, satellite communications products, and supporting
services. Baylin aspires to exceed its customers' needs and
anticipate the direction of the market. For further information,
please visit www.baylintech.com.
Forward Looking Statements
This press release includes forward-looking information and
forward-looking statements (together, "forward-looking statements")
within the meaning of applicable securities laws. Forward-looking
statements are not statements of historical fact. Rather, they are
disclosure regarding conditions, developments, events or financial
performance that we expect or anticipate may or will occur in the
future, including, among other things, information or statements
concerning our objectives and strategies to achieve those
objectives, statements with respect to management's beliefs,
estimates, intentions and plans, and statements concerning
anticipated future circumstances, events, expectations, operations,
performance or results. Forward-looking statements can be
identified generally by the use of forward looking terminology,
such as "anticipate", "believe", "could" "should", "would",
"estimate", "expect", "forecast", "indicate", "intend", "likely,
"may", "outlook", "plan", "potential", "project", "seek", "target",
"trend" or "will", or the negative or other variations of these
words or other comparable words or phrases, and are intended to
identify forward-looking statements, although not all
forward-looking statements contain these words.
The forward-looking statements in this press release include
statements regarding the performance and purpose of Advantech's
solid-state power amplifiers. Forward-looking statements are based
on certain assumptions and estimates made by us in light of the
experience and perception of historical trends, current conditions,
expected future developments, including projected growth and sales
in passive and active radio frequency and satellite communications
products and services, and other factors we believe are appropriate
and reasonable in the circumstances, but there can be no assurance
that such assumptions and estimates will prove to be correct.
Many factors could cause our actual results, level of activity,
performance or achievements or future events or developments to
differ materially from those expressed or implied by the
forward-looking statements, including the risk factors discussed in
the Company's most recent Annual Information Form, which is
available on the Company's profile on SEDAR+ at
www.sedarplus.ca. All the forward-looking statements in this
press release are qualified by these cautionary statements and
other cautionary statements or factors in this press release. There
can be no assurance that the actual results or developments will be
realized or, even if substantially realized, 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.