TORONTO, Oct. 23,
2024 /CNW/ - Baylin Technologies Inc. (TSX: BYL)
("Baylin" or the "Company") is pleased to announce that its
subsidiary, Advantech Wireless Technologies Inc. ("Advantech"), has
won $800,000 (CAD) in business from
the operations and maintenance provider for the Government of
Canada's North Warning System.
The North Warning System is a radar surveillance system
comprising 47 radar sites extending across the Arctic from the
western part of the Yukon to the
southern coast of Labrador. These
radar sites are linked by a satellite communications network to the
Canadian Air Defence Sector in North
Bay, Ontario.
Leighton Carroll, Baylin's CEO,
"Ground station amplifiers from Advantech enable the continuous
remote monitoring of all 47 sites on a 24/7 basis. Ground
station amplifiers play an important role in both civilian and
defence networks, facilitating reliable communication links between
multiple sites. Advantech is proud to have been selected to provide
these components for this critical early-warning radar system."
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
ground station 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.
