10:42 AM EDT, 08/12/2025 (MT Newswires) -- Baylin Technologies ( BYLTF ) was edging lower Tuesday despite saying its Advantech Wireless Technologies subsidiary has received a $735,000 purchase order from a Middle East broadcaster for its Genesis amplifiers to be used in a mobile satcom network.
Advantech's Genesis solid state amplifiers provide unparalleled reliability, Baylin ( BYLTF ) said, adding that it expects orders of similar size for the near future.
"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," said Leighton Carroll, Baylin ( BYLTF ) chief executive officer.
The company's shares were last seen down $0.005, to $0.29, on the Toronto Stock Exchange.
Price: 0.29, Change: -0.01, Percent Change: -1.69