Baylin Technologies Receives $735,000 (CAD) Purchase Order from a Middle East Broadcaster for its Advantech Genesis Amplifiers
Advantech's Genesis solid state amplifiers provide unparalleled reliability. The CAN-Bus operating platform supports component-level diagnostics along with the ability to modify features and operations parameters by remote control. Subsequent phase orders of similar magnitude are anticipated for the near future.
Leighton Carroll, Baylin's CEO, said "This is an important milestone in several ways – not just for Advantech, but for Baylin overall. In other words, while the purchase order is terrific, the implications for the future are more meaningful."
"The Genesis amplifiers represent new technology architecture, which is replacing older legacy technology. That technology had complicated supply chains – meaning parts ordering and inventory complexity. It also meant that our production team would have to work on different designs and materials, even in the same product family. That led to longer lead times in manufacturing."
"Genesis has great performance with more features and resiliency. Importantly, it is also based on a consistent component architecture. This means these products have simplified inventory requirements given this consistency of design. It also means that manufacturing is streamlined, leading to higher efficiency and substantially lower book to bill times on these products."
"We have effectively retired two significant legacy product groups and replaced them with better performing products that we can produce more efficiently. We expect this will lead to improving margins for our Satellite business in the coming years."
About Baylin
Baylin is a leading diversified global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio-frequency and satellite communications products, and the provision of supporting services. Baylin aspires to exceed its customers' needs and anticipate the direction of the market. For further information, please visit www.baylintech.com.
Forward Looking Statements
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", "outlook", "plan", "potential", "project", "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 reliability, superior technology, improved manufacturing efficiencies, better performance and improved margins of Avantech's Genesis amplifiers.. 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 satellite communications 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.
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