Ms. Kelly Myles reports

BAYLIN TECHNOLOGIES SETTLES LITIGATION WITH SPACEBRIDGE

Baylin Technologies Inc. has settled its long-running litigation with SpaceBridge Inc. over claims arising out of the company's acquisition of Advantech Wireless Technologies in January, 2018. The settlement is being financed by payments to the parties out of the escrow fund established in connection with the acquisition. Baylin will be receiving cash from the escrow as part of the settlement.

About Baylin Technologies Inc.

Baylin is a leading diversified global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio frequency and satellite communications products, and the provision of supporting services. Baylin aspires to exceed its customers' needs and anticipate the direction of the market.