Baylin Technologies Announces Award of Over $655k (CAD) for NASA's Lunar Exploration Initiative

TORONTO, April 4, 2024 /CNW/ - Baylin Technologies Inc. (TSX: BYL) (the "Company") is pleased to announce that its Advantech Wireless subsidiary has received a new award valued at over $655,000 (CAD) for high-power SSPA systems to support NASA's Lunar Exploration and Colonization initiative-Artemis.

Designed to operate over special Cislunar frequencies, these fully redundant amplifier systems are specifically engineered to fit in the interior of large-aperture, full motion antennas, as part of NASA's drive to segregate their Near Space operations (between earth's surface and 2 million kilometers out) from their Deep Space operations.

John Restivo, President of Advantech Wireless Technologies, comments on his team's win. "This award is yet another example of Advantech's  success in establishing ourselves as a key provider of ground station systems needed to support NASA's Artemis Program".

Baylin's CEO, Leighton Carroll said, "The NASA lunar exploration mission includes direct-to-earth communication and navigation services which require unique high-power capabilities. This was a competitive bidding process and seeing Advantech selected for another NASA Artemis program speaks to the quality technology our teams are delivering."  

Baylin is a leading diversified global wireless technology company. The Company focuses on the research, design, development, manufacture and sales of passive and active radio-frequency and satellite communications products, and supporting services. The Company aspires to exceed its customers' needs and anticipate the direction of the market. For further information, please visit www.baylintech.com.

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", "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 technical capabilities of Advantech's high-power SSPA systems. 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.