Baylin Technologies Announces Receipt of Purchase Orders Totalling Over $6.7 Million CAD for its Satcom Division

TORONTO, Nov. 28, 2022 /CNW/ - Baylin Technologies is pleased to announce that its Advantech Wireless Technologies ("Advantech") subsidiary has received an order for two additional Summit II systems as part of a large-scale western government program. The current order, valued at approximately $5.1 M CAD, is for Phases II and III of what is anticipated to be a twenty-phase network with an expected total value of over $48M CAD with deliveries expected over the anticipated eight-year term of the program.

John Restivo, President of Advantech, explains, "As a result of the successful deployment of Phase I, we are pleased to receive this follow-on order and commence work on the next two phases of this large scale, mission critical network. We are supplying Advantech's high-power Summit II Solid State Power Amplifier systems which have been configured to be a perfect fit for this very special application."

In separate news, Advantech received another order for its X-band Summit II systems valued at approximately $1.6M CAD for a deep space communication application for a European client. Available in L, S, C, X and Ku-band, at power levels greater than 8,000 watts, Summit II soft-fail redundant SSPA systems lead the market for ultra-high-power RF applications.

Leighton Carroll, CEO of Baylin Technologies, said "With Phase I successfully deployed for our customer's government purpose, the order represents the first of many more for these systems we will be building in our Quebec facility. Moreover, the additional X-band Summit II based system order demonstrates our unique competitive differentiation in high power satellite communication applications. This is a testament to the talents and dedication of the people in our Advantech Wireless business."

Baylin is a leading diversified global technology company. The Company focuses on research, design, development, manufacturing, and sales of passive and active radio-frequency products and services. We strive to meet our customers' needs and anticipate the direction of the market.

This press release includes forward-looking information and forward-looking statements (together, "forward-looking statements") within the meaning of applicable securities laws. They 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", "plan", "potential", "project", "outlook", "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 number of phases of the program for the Summit II systems, the expected total value of the program and the term of the program. 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.sedar.com. All the forward-looking statements made 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.