Baylin Technologies Announces $8.2 Million Contract Award for Advantech Wireless Technologies Subsidiary by a Leading US Defence Contractor

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Baylin Technologies Inc. Receives $8.2M Order for Ultra-High-Power Summit II Solid State Power Amplifier Systems

Baylin Technologies Inc. Announces $8.2M Order for Advantech Wireless Technologies Inc.

TORONTO, May 29, 2024 /CNW/ – Baylin Technologies Inc. (TSX: BYL) is excited to announce that its subsidiary, Advantech Wireless Technologies Inc., has secured a significant $8.2M order for its ultra-high-power Summit II Solid State Power Amplifier (SSPA) systems. The order was placed by a major US defence contractor for a specific NATO government application.

John Restivo, President of Advantech, expressed pride in this achievement, stating, “This order signifies the latest phase of a substantial program, requiring deployment of multiple systems over several years. Our advanced amplifier systems have positioned Advantech as a top choice for high-power SSPA systems, thanks to our innovative technology and proprietary operating system.”

Leighton Carroll, CEO of Baylin, commended the Advantech team for their exceptional work in the high-power satellite market, emphasizing that this success extends beyond defence applications to include broadcast and space communication sectors. He highlighted that continued wins like this demonstrate Advantech’s strong position for future opportunities in the industry.

About Baylin Technologies Inc.
Baylin is a global wireless technology company that specializes in research, design, development, manufacturing, and sales of radio-frequency products, satellite communications products, and related services. The company aims to surpass customer expectations and stay ahead of market trends. For more information, visit www.baylintech.com.

Forward-Looking Statements
This press release contains forward-looking information and statements regarding future conditions, developments, events, or financial performance. While these statements are based on certain assumptions and estimates, there is no guarantee that actual results will align with these projections. The Company urges caution and refers to the risk factors outlined in its most recent Annual Information Form available on SEDAR+.

Source:
Baylin Technologies Inc.

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