Baylin Technologies Antennas Selected for a Multi-Phase Antenna Upgrade Program in New York City

• Baylin Technologies secured purchase orders exceeding $565,000 CAD for high-performance antennas in New York City.
• The customer is identified as one of North America's largest providers of shared communications infrastructure.
• Orders are part of a multi-phase antenna upgrade program utilizing the Galtronics Infrastructure line.
• CEO Leighton Carroll highlighted the win as evidence of innovation and value, noting higher margins over time for this product line.
• This follows previous wins including US Space Force programs ($1.8M+), FIFA World Cup stadium deployments, and body camera technology orders ($2.5M).

• The order size ($565k) represents approximately 0.7% of FY2025 revenue ($76.3M), which is not financially material to the company's top line in isolation.
• However, it validates the "multi-phase" nature of the contract, suggesting recurring revenue potential rather than a one-off sale.
• The news confirms continued traction for the Galtronics Infrastructure line, which management has identified as delivering higher margins.
• Given the context of declining backlog (-32% YoY) and revenue (-8.7% YoY), this order is positive but insufficient to reverse the negative trend without larger wins or acquisition closure.
• The news does not address the pending Kaelus AB acquisition financing status, which remains a critical variable for future growth.

• Baylin Technologies designs, manufactures, and sells passive/active RF products and satellite communications equipment.
• Flagship Projects include:
  • Galtronics Infrastructure (Antennas for wireless carriers).
  • Advantech Wireless Technologies (Satcom amplifiers and transceivers).
  • Embedded Antenna Solutions (Public safety and wearable devices).
• The company is currently pursuing the acquisition of Kaelus AB, a Finnish satellite communications company, to expand its product portfolio and revenue base.