Baylin Technologies Completes Acquisition of Kaelus AB, Creating a Unified End-to-End RF Portfolio

About this update from Baylin Technologies, Inc.

Combined business positioned to deliver approximately C$130 million in pro-forma 2026 revenue and approximately C$14 million in pro-forma 2026 Adjusted EBITDA1, before synergies TORONTO, May 29, 2026 /CNW/ - Baylin Technologies Inc. (TSX: BYL) (OTCQB: BYLTF) ("Baylin" or the "Company") today announced that it has completed the previously announced acquisition of Sweden-based Kaelus AB ("Kaelus"), a global provider of wireless infrastructure antenna and radio frequency ("RF") equipment (the "Acquisition"). The transaction marks a defining milestone in Baylin's strategy to build a diversified, scaled global RF technology platform. The Acquisition unites Kaelus with Baylin and its wholly-owned subsidiary, Galtronics, creating one of the industry's most comprehensive end-to-end RF solution portfolios — spanning cellular infrastructure and custom antennas, RF conditioning, synchronization, and test and measurement — serving tier-1 wireless carriers, OEMs, defence customers, and broadcasters across North America, Europe, Asia-Pacific, and Latin America. Paradigm Capital Inc. acted as Advisor to the Company on the acquisition of Kaelus and acted as sole agent and bookrunner for the related subscription receipt offering. Transaction Highlights Pro-forma 2026 figures reflect management estimates assuming full-year ownership of Kaelus and exclude potential revenue and cost synergies. Why This Matters for Shareholders Management believes the combined company is positioned to benefit from several long-term industry trends, including expected recovery in North American wireless infrastructure spending, ongoing defence communications demand, and growth in custom antenna applications. Specifically, management sees a recovering North American wireless CapEx cycle (forecast to grow from approximately US$33 billion in 2025 to US$38.5 billion in 2028), sustained defence and government satellite communications demand including NATO government programs, and the global custom antenna market projected to expand from US$2.6 billion to US$7.5 billion by 2027. Management Commentary "This is the start of a new chapter for Baylin's shareholders, customers, and employees," said Leighton Carroll, Chief Executive Officer of Baylin. "We have meaningfully increased our Adjusted EBITDA pre-synergies, added two of...

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