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."
About Baylin
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.