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BYL announced on March 7th that the company's Galtronics Embedded Antenna business line won a multi-year, multi-million dollar antenna design and build award for a Wi-Fi 7 Gateway and wireless range extenders from a 'Tier 1 US Internet service and fibre provider.' The program is expected to occur over a 3 to 5 year period requiring millions of units. Also on February 2nd, BYL announced its Advantech subsidiary had been awarded the first phase of a direct-to-home (DTH) Satellite Broadcast network from a major cable operator in India. A statement said the first phase of the order is valued at $2.7M. The second phase of the order is expected in late spring 2024 and phase 3 is expected in March 2025.
Both are positive developments for BYL, engaging in mid-term, multi-million dollar contracts. The market has reacted as such with the stock now up 50% year-to-date.