TORONTO, Feb. 25,
2025 /CNW/ - Baylin Technologies Inc. (TSX: BYL)
("Baylin" or the "Company") is pleased to announce that its common
shares are now eligible for electronic clearing and settlement
in the United States through the Depository Trust Company
("DTC"). DTC eligibility is expected to simplify the process
of trading and enhance liquidity of Baylin's common shares
in the United States, the
world's largest capital market.
DTC eligibility streamlines the trading process, making it more
efficient for investors and brokers. As a subsidiary of the
Depository Trust & Clearing Corporation (DTCC), DTC handles
electronic clearing and settlement for publicly traded companies.
With DTC eligibility, the Company's shares can now be traded across
a wider network of brokerage firms, accelerating the settlement
process and improving access for a broader range of investors.
"Achieving DTC eligibility is a significant step forward for
Baylin, as it simplifies trading for our U.S. investors and
employees, and expands access to a broader investor audience,"
commented Baylin CEO Leighton
Carroll. "This milestone aligns with our commitment to
enhancing liquidity and shareholder value, making it easier and
more efficient for investors to participate in the growth of our
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 and
satellite communications products, and the provision of 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 benefits of having our common shares
eligible for electronic clearing and settlement in the United States through DTC. 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.
