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Baylin Technologies Announces New Customer Awards of Up To $7.0 Million for Galtronics Korea
Baylin Technologies Announces New Customer Awards of Up To $7.0 Million for Galtronics Ko...
About this update from Baylin Technologies, Inc.
[{"type":"text","content":"\n \n \n \n Baylin Technologies Announces New Customer Awards of Up To $7.0 Million for Galtronics Korea\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Feb. 18, 2021\n \n /CNW/ - Baylin Technologies Inc.  (TSX: BYL) (the \"Company\"), a leading diversified global wireless technology company, announced today that, as a result of its diversification efforts, Galtronics Korea Co. Ltd. (\"Galtronics\"), a wholly-owned subsidiary of the Company, has won awards totalling\n \n $7.0 million\n \n , expected to be delivered in the second half of 2021.\n \n \n \n \n \n \n \n \n \n Galtronics, headquartered in Korea, has been working diligently to diversify its customer base and win projects with new customers. A major Asian ODM client that commenced working with Galtronics on seven mobile phone models in 2020 has awarded an additional five new models to Galtronics for 2021, with incremental revenue of\n \n $5.1 million\n \n expected in the second half of 2021.\n \n \n Galtronics has also won supplier status with a major global electronics company, resulting in awards for eight of its personal computers. Revenue of\n \n $1.9 million\n \n from these awards is also expected in the second half of 2021.\n \n \n \n Randy Dewey\n \n , President and CEO of Baylin Technologies Inc. stated, \"We are very pleased with the work of our sales team at Galtronics, which has resulted in these new awards and customer relationships. We look forward to continuing to grow our penetration in this market.\"\n \n \n \n About Baylin\n \n \n \n Baylin Technologies Inc. is a leading, diversified, global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio frequency products and services. Baylin aspires to meet its customers' needs and anticipate the direction of the market. For further information, please visit\n \n www.baylintech.com\n \n .\n \n \n \n Forward-Looking Statements\n \n \n \n This press release includes forward-looking information and forward-lookin...