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Update: Baylin Technologies Jumps 24% as a Subsidiary Receives a Multi-Year, Multi-Million Dollar Contract
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Update: Baylin Technologies Jumps 24% as a Subsidiary Receives a Multi-Year, Multi-Million Dollar Contract
Jul 3, 2024 9:31 AM

11:48 AM EDT, 07/03/2024 (MT Newswires) -- Baylin Technologies ( BYLTF ) said Wednesday its Galtronics Embedded Antenna Group subsidiary received a multi-year, multi-million dollar award for a 4G/5G mobile antenna solution.

Baylin ( BYLTF ) said the customer is a U.S. computer networking company looking to provide a 4G/5G antenna solution for its mobile customer-premise equipment product. The solution will also be used within the public safety sector.

"Our Galtronics embedded business has been growing consistently, and the continued pace of wins like this is important for our longer-term future," Baylin ( BYLTF ) CEO Leighton Carroll said.

The company did not specify the value or duration of the contract.

Baylin ( BYLTF ) shares were last seen up $0.055 to $0.285 on the Toronto Stock Exchange.

Price: 0.29, Change: +0.06, Percent Change: +23.91

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