TORONTO, May 6, 2020 /CNW/ - Baylin Technologies
Inc. (TSX: BYL) (the "Company" or "Baylin") today
announced that its subsidiary, Alga Microwave Inc.
("Alga"), has signed a supply agreement with a global Tier 1
satellite and terrestrial telecommunications network provider to
supply over $5 million of its C-Band
5G Filters.
The supply agreement is part of a seven-month program
involving Tier 1 network providers of satellites and ground
infrastructure for the purpose of creating, delivering and managing
video and data solutions for their world-wide customers. Deliveries
are expected to commence in June
2020.
Randy Dewey, President and CEO of
Baylin, stated, "Baylin purchased the Alga business in July 2018 in large part because Alga is a unique
leader in the SatCom industry since it provides both state of the
art active RF/microwave products and designs and manufactures a
full range of passive microwave components. With 5G networks
commencing deployment globally, filter technology will be
increasingly critical. Telecommunications providers will need
partners who have the expertise to provide custom solutions for
their technological challenges. Alga is an established leader in
this field and with its current 5G filter developments can
efficiently supply quality products for large scale
telecommunications deployments."
Alga's C-band 5G filters are applicable for both the satellite
communications market and the wireless telecommunications market.
Traditionally C-Band (3.8-4.2 GHz) is used for satellite services,
radar and microwave links. With the introduction of 5G networks,
these C-band frequencies will now be shared with a wider range of
services. The resulting interference signals can be powerful enough
to saturate the sensitive C-Band satellite receiving systems which
may result in total loss of service. Alga's filter has been
designed to clear portions of the C-band spectrum to support the
growth of mobile data and the introduction of 5G services
globally.
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 contain
these words.
The forward-looking statements in this press release include
statements regarding the fulfillment of an order to supply a
Tier 1 satellite network provider. 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.