Baylin Technologies Announces Signing of Master Purchase Agreement with Tier 1 Global Wireless OEM

TORONTO, Feb. 20, 2018 /CNW/ - Baylin Technologies Inc. ("Baylin") (TSX: BYL) today announced the signing of a Master Purchase Agreement between Galtronics Corporation, a subsidiary of Baylin, and a Tier 1 Wireless Infrastructure OEM.

Galtronics is pleased to announce that it is now fully approved as an equipment supplier to a Tier 1 Wireless Infrastructure OEM. Galtronics Chief Operating Officer, Jerry Kirshman, stated: "We welcome this partnership and the new projects and opportunities it will present for Galtronics as a fully approved supplier. This opportunity will move Galtronics forward in our development of advanced antenna technologies which will be a requirement in next generation networks."

Baylin's President and CEO, Randy Dewey commented: "This agreement marks a very strong entry point into a segment of the Network OEM arena that is very exciting. We've spent a lot of time over the past number of years gaining acceptance and recognition at the carrier level. To have a reputable Tier 1 partner who has a meaningful role in the future construct of the 5G network turn to us for a technology and commercial partnership is an outstanding accomplishment. We look forward to laying the data highways of the world through our antenna products on the 5G network."

About Baylin

Baylin (TSX: BYL) is a diversified leading global wireless technology management company. Baylin focuses on research, design, development, manufacturing and sales of passive and active RF products and services. We aspire to meet our customers' needs and anticipate the direction of the market.

Forward-looking Information Cautionary Statement

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SOURCE Baylin Technologies Inc.