TORONTO, March 26, 2020 /CNW/ - Baylin Technologies
Inc. (TSX: BYL) (the "Company" or "Baylin"), a
leading, diversified, global wireless technology company focused on
research, design, development, manufacturing and sales of passive
and active radio frequency products and services, today provided an
update on its status as an "essential business" and its COVID-19
safety measures.
Essential Business
The Company confirms that it remains open for business despite
recent announcements of temporary government shutdowns.
The Company's two Quebec-based
manufacturing subsidiaries, Advantech Wireless Technologies Inc.
(Advantech) and Alga Microwave Inc. (Alga), are considered
"essential businesses" under the interim exceptional measures
announced by the Quebec
government. The measures have been taken to fight the spread of
COVID-19. Advantech and Alga supply products to leading Canadian
and American global communications companies, government agencies,
military companies and various NATO countries.
The products made in the Quebec
factory are essential to critical infrastructure viability in the
defence, media and telecommunications industries, including the
CBC, a North American Tier 1 network carrier, a national cable news
network and early warning radar systems. Additionally, Advantech
and Alga supply products to leading global providers of information
and communication technology and the maintenance and operations of
strategic global infrastructure.
Baylin's US subsidiary, Galtronics USA, Inc., headquartered in Tempe, Arizona, has been designated as the
provider of an "essential critical service" by a leading Tier 1
network carrier and as an "essential manufacturing supplier of
critical components" for the US Department of Defense by a leading
global aerospace and defence technology company. Galtronics
supplies antennas that support a public safety network in the US.
This critical network ensures that first responders, public
messaging, 911 communications and other critical communications
remain functional.
The Company's operations in China continue to improve. Substantially all
employees have now returned to work and operations have essentially
returned to full capacity.
COVID-19 Safety Measures
In order to supply these critical products, the Company has
taken a number of proactive and precautionary measures to protect
the health and safety of our workers, customers and communities,
including work from home whenever possible, temporary bans on
travel, and self-isolation when required. We have implemented
additional measures in our facilities to protect workers, drawing
on the successful experiences gained from our operations in
China, South Korea and Vietnam. These additional measures include
intensified cleaning and hygienic practices, separating employees
within the facilities, taking employee temperatures and making
masks available to them. As the Company continues to monitor and
assess the global impact of COVID-19 on the business, it will
regularly adapt and evolve these measures as circumstances
require.
Forward-Looking Statements
This press release includes forward-looking information and
forward-looking statements ("forward-looking statements") within
the meaning of applicable securities laws. They are not statements
of historical fact. Rather, it is disclosure regarding
events, conditions, developments 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, plans, estimates and
intentions and statements concerning anticipated future events,
circumstances, expectations, results, operations or performance.
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", "plan", "potential",
"project", "outlook", "seek", "target", "trend" or "will" or the
negative or other variations of these words or other comparable
words or phrases and is intended to identify forward-looking
statements, although not all forward-looking statements contains
these words.
The forward-looking statements in this press release include
statements regarding the effect on the Company and its subsidiaries
of being considered essential businesses and of the COVID-19
outbreak. Forward-looking information and 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 in the
antenna and related industries, 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 Annual Information Form dated March 11, 2020 which is available on the
Company's profile at www.sedar.com. All the forward-looking
statements made 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.
About Baylin
Baylin Technologies Inc. is a leading, diversified, global
wireless technology company. Baylin focuses on research, design,
development, manufacturing and sales of passive and active radio
frequency products and services. Baylin aspires to meet its
customers' needs and anticipate the direction of the market. For
further information, please visit www.baylintech.com or
contact Investor Relations: investor.relations@baylintech.com.
SOURCE Baylin Technologies Inc.