Baylin Technologies (TSX:BYL) Inc shares jumped 34% to $0.45 on Monday after the diversified global technology company announced that its Advantech Wireless Technologies subsidiary has received a C$537,000 purchase order from a major US Government Systems Integrator specifically for the US Department of Defense for its frequency converters.
Baylin said the order is the latest installment of an IDIQ (indefinite delivery, indefinite quantity) program for specially designed radio frequency converters.
The company noted that frequency converters are essential to facilitating satellite communications.
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Advantech offers a full line of converters, filters, and solid-state power amplifiers, covering all Satcom frequency bands, including those heavily relied on by western governments worldwide, according to Baylin.
Baylin focuses on the research, design, development, manufacturing, and sale of passive and active radio-frequency products, satellite communications products, and supporting services.
Contact Sean at sean@proactiveinvestors.com