06:47:17 EDT Thu 28 Mar 2024
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Baylin Technologies Inc
Symbol BYL
Shares Issued 80,328,695
Close 2023-01-03 C$ 0.38
Market Cap C$ 30,524,904
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Baylin receives over $1-million in multibeam orders

2023-01-04 10:28 ET - News Release

Mr. Leighton Carroll reports

BAYLIN TECHNOLOGIES ANNOUNCES RECEIPT OF OVER $1.0M CAD IN PURCHASE ORDERS FOR ITS MULTIBEAM ANTENNAS ON BEHALF OF A MAJOR NA CARRIER

Baylin Technologies Inc.'s Galtronics subsidiary has received orders totalling more than $1-million for its innovative multibeam antennas on behalf of a major North American carrier. This is the first multibeam order for use with low-band spectrum, as well as the new C-band spectrum, and expands these types of opportunities for Galtronics' business. It also represents a new carrier customer for the Galtronics multibeam antennas.

The recently released multibeam models cover additional spectrum frequencies used by wireless carriers. The success of the technology and its overall value has opened additional opportunities for the business across multiple new customer use cases.

Minya Gavrilovic, president and chief technology officer of Galtronics, explains: "This is a significant achievement for the business. Within three months of our announcement of the availability of these new multibeam antennas, we have received a significant order. It's a validation that our product design is what the market wants, solving customer needs in high-traffic locations."

Leighton Carroll, chief executive officer of the company, said: "Galtronics' multibeam antennas deliver huge increases in network capacity when customer density and throughput are at a premium. They have been deployed at airports, special events and as cell-on-wheels to solve our customers' needs for a quality experience in high-traffic environments. This win is another demonstration of the versatility and quality of our technology."

Galtronics expects that the demand for mobile bandwidth will continue to grow as the need for high-speed, high-density, ultrafast cellular connections at stadiums, venues, airports and other high-traffic locations will only increase over time. Galtronics solves customers' needs through unique patent-pending technologies.

About Baylin Technologies Inc.

Baylin is a leading diversified global technology company. The company focuses on the research, design, development, manufacturing and sale of passive and active radio frequency products, satellite communications products and supporting services.

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