Baylin Technologies Receives $2.25M (CAD) order from Sports and Entertainment Satellite Broadcaster and Services Provider

TORONTO, Aug. 26, 2024 /CNW/ – Baylin Technologies Inc. (the “Company”) (TSX: BYL) is pleased to announce that its Advantech Wireless Technologies Inc. subsidiary (“Advantech”) has received orders totalling $2.25M for its C-Band and Ku-Band Solid State Power Block (“SSPB”) amplifiers from a major Sports and Entertainment Satellite Broadcaster and Services Provider.

The C-Band portion consists of our Gallium Nitride (GaN) based Dakota SSPBs that will be vehicle-mounted to support the broadcaster’s mobile network. The high-power 500W Genesis-HP Ku-Band Block-Up Converters will be installed at the customer’s master teleport facility. Advantech’s products were selected based on both their resilient architecture as well as their unique software capabilities.

Leighton Carroll, President and CEO of the Company, said, “Broadcasting is an example of the need for high-power satellite technology. Being selected to power sports broadcasts is another instance of customers choosing Advantech when they need reliable innovative technology. Our new line of amplifiers also allows us to simplify our supply chain while delivering enhanced capabilities.”

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, satellite communications products, and supporting services. Baylin aspires to meet 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 use, technical capability and benefits of Advantech’s power 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 terrestrial microwave 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.

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