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Baylin Technologies Announces Receipt of $800,000 (CAD) Award For the North Warning System

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TORONTO, Oct. 23, 2024 /CNW/ – Baylin Technologies Inc. (TSX: BYL) (“Baylin” or the “Company”) is pleased to announce that its subsidiary, Advantech Wireless Technologies Inc. (“Advantech”), has won $800,000 (CAD) in business from the operations and maintenance provider for the Government of Canada’s North Warning System.

The North Warning System is a radar surveillance system comprising 47 radar sites extending across the Arctic from the western part of the Yukon to the southern coast of Labrador. These radar sites are linked by a satellite communications network to the Canadian Air Defence Sector in North Bay, Ontario. 

Leighton Carroll, Baylin’s CEO, “Ground station amplifiers from Advantech enable the continuous remote monitoring of all 47 sites on a 24/7 basis. Ground station amplifiers play an important role in both civilian and defence networks, facilitating reliable communication links between multiple sites. Advantech is proud to have been selected to provide these components for this critical early-warning radar system.”

About Baylin

Baylin is a leading diversified global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio-frequency products, satellite communications products, and supporting services. Baylin aspires to exceed its customers’ needs and anticipate the direction of the market. For further information, please visit www.baylintech.com.

Forward Looking Statements

This press release includes forward-looking information and forward-looking statements (together, “forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements are not statements of historical fact. Rather, they are disclosure regarding conditions, developments, events or financial performance that we expect or anticipate may or will occur in the future, including, among other things, information or statements concerning our objectives and strategies to achieve those objectives, statements with respect to management’s beliefs, estimates, intentions and plans, and statements concerning anticipated future circumstances, events, expectations, operations, performance or results. Forward-looking statements can be identified generally by the use of forward looking terminology, such as “anticipate”, “believe”, “could” “should”, “would”, “estimate”, “expect”, “forecast”, “indicate”, “intend”, “likely, “may”, “outlook”, “plan”, “potential”, “project”, “seek”, “target”, “trend” or “will”, or the negative or other variations of these words or other comparable words or phrases, and are intended to identify forward-looking statements, although not all forward-looking statements contain these words.

The forward-looking statements in this press release include statements regarding the performance and purpose of Advantech’s ground station amplifiers. Forward-looking statements are based on certain assumptions and estimates made by us in light of the experience and perception of historical trends, current conditions, expected future developments, including projected growth and sales in passive and active radio frequency and satellite communications products and services, and other factors we believe are appropriate and reasonable in the circumstances, but there can be no assurance that such assumptions and estimates will prove to be correct.

Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including the risk factors discussed in the Company’s most recent Annual Information Form, which is available on the Company’s profile on SEDAR+ at www.sedarplus.ca. All the forward-looking statements in this press release are qualified by these cautionary statements and other cautionary statements or factors in this press release. There can be no assurance that the actual results or developments will be realized or, even if substantially realized, will have the expected consequences to, or effects on, the Company. Unless required by applicable securities law, the Company does not intend and does not assume any obligation to update these forward-looking statements.

SOURCE Baylin Technologies Inc.

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Balam and Transfera Unveil the World’s First Remittance-as-a-Service Platform

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SAN ANTONIO, Oct. 23, 2024 /PRNewswire/ — Balam, a pioneer in stablecoin-backed remittance infrastructure, and Transfera, a Lana Group Inc. company known for its co-branded debit cards with brands like Chivas del Guadalajara, have joined forces to launch the world’s first Remittance-as-a-Service platform. This cutting-edge solution is designed to transform how US immigrants send remittances, starting with Mexico and Colombia, and is projected to expand to more than 10 countries by the end of the year.

With this collaboration, Balam provides the robust infrastructure and seamless API integration, enabling institutions like Transfera to offer remittance services that are 10X faster and 80% cheaper than traditional methods. The partnership marks a significant leap in cross-border payment solutions, paving the way for more accessible, cost-effective financial services for US immigrants.

“Finding a fast, affordable remittance solution has been a long-standing challenge for our customers,” said Antonio Regojo, CEO of Transfera and Lana Group. “Partnering with Balam Pay allows us to deliver a cutting-edge solution that meets the demand for faster, more affordable cross-border payments, while leveraging Balam’s expertise and innovation.”

“Our platform addresses the long-standing inefficiencies in cross-border payments,” said José Alberto, CEO of Balam Pay. “By reducing both the time and cost associated with remittances, we’re not just keeping pace with demand—we’re setting a new standard for the industry.”

By year’s end, Transfera and Balam will expand their services to key markets across Latin America, including El Salvador and Guatemala, marking a major milestone in transforming the financial landscape for immigrants across the Americas.

Visit our website today to experience the future of Remittances-as-a-Service: https://www.transferapay.com

Disclaimer: Balam and its affiliates are technology companies, not financial entities. Balam does not issue Stablecoins or any other digital currencies or securities, nor holds customer funds or perform money transmission. Balam offers a technology platform that allows businesses to access services provided by regulated entities. Financial services are provided by our Financial Partners, who possess the necessary licenses.

Contact:
Mayan Jaguar Operations LLC
***@balampay.com

Photo(s):
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View original content:https://www.prnewswire.com/news-releases/balam-and-transfera-unveil-the-worlds-first-remittance-as-a-service-platform-302284057.html

SOURCE Balam

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Industrial Cybersecurity Market worth $135.11 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 23, 2024 /PRNewswire/ — The global industrial cybersecurity market was estimated to be valued at USD 84.54 billion in 2024 and is projected to reach USD 135.11 billion by 2029; it is expected to register a CAGR of 9.8% during the forecast period according to a new report by MarketsandMarkets™. Increasing focus on integrating the Internet of Things (IoT) in Industrial Control Systems (ICS), deployment of artificial intelligence (AI) and generative AI in security solutions, the growing shift towards smart manufacturing, increasing risk of cyberattacks, the rising need to protect critical infrastructure from sophisticated cyber threats, and stringent regulatory compliance in various sectors are the major factors driving the overall market growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=37646764

Browse in-depth TOC on “Industrial Cybersecurity Market” 
230 – Tables
73 – Figures
331 – Pages

Industrial Cybersecurity Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 84.54 billion

Estimated Value by 2029

$ 135.11 billion

Growth Rate

Poised to grow at a CAGR of 9.8%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, Security Type, End-user Industry, deployment type, and Region.

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Integrating cybersecurity solutions with existing industrial processes

Key Market Opportunities

Increasing demand for automation solutions meeting safety standards

Key Market Drivers

Deployment of AI/Gen AI models in industrial setups

By Security Type, Network security segment to account for the largest market share in 2029.

It is anticipated that network security will dominate the market for industrial cybersecurity throughout the forecast period since it serves as the grounding for protecting linked systems from external threats. When AI and IoT are introduced into enterprises, their networks are threatened by intrusions, which underlines the need to manage data flow between devices and systems. As industrial networks become increasingly complex, companies focus on enhancing network security to safeguard their operations, maintain information integrity, and ensure organizational resilience when facing new and growing threat risks.

By Deployment Type, the Cloud segment is expected to exhibit the highest CAGR between 2024 and 2029.

In the industrial cybersecurity market by deployment type, the cloud segment is expected to have the highest CAGR as more firms achieve cloud adoption for their solutions than on-premises due to factors such as flexibility and cost of acquiring infrastructure. While organizations implement digital strategies and distributed work, cloud security remains an important issue. One of the major reasons that cloud security is rapidly growing is that more important data and critical operations have started storing in the cloud services.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=37646764

North America to dominate the market from 2024 to 2029.

North America is anticipated to have the largest share in the industrial cybersecurity industry because of its early adaptation of modern technologies as well as its strong industrial environment. The presence of major industrial cybersecurity players coupled with legal frameworks that put pressure on firms to adopt enhanced security measures are driving the market growth. Furthermore, the increasing trend of cyber threats towards critical infrastructure, such as energy and manufacturing sectors is forcing organizations in North America to embrace more advanced and superior cybersecurity solutions, making the region a leader in the market.

Key Players-

The key companies offering industrial cybersecurity companies include Microsoft (US), IBM (US), Palo Alto Networks (US), ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Rockwell Automation (US), Honeywell International Inc. (US), Fortinet, Inc. (US), and Musarubra US LLC (Trellix) (US).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=37646764

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Industrial IoT Market Size, Share & Industry Trends Growth Analysis Report by Offering (Hardware (Processors, Connectivity ICs, Sensors, Memory Devices, Logic Devices), Software (PLM, MES, SCADA, OMS), Platforms), Connectivity Technology, Deployment, Vertical and Region – Global Forecast to 2029

Industrial Communication Market Size, Share & Industry Trends Analysis Report by Components (Switches, Gateways, Power Supply Devices, Router & WAP, Communication Interface & Protocol Converters, Controllers), Software, Services, Communication Protocol, Vertical and Region – Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
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View original content:https://www.prnewswire.co.uk/news-releases/industrial-cybersecurity-market-worth-135-11-billion-by-2029—exclusive-report-by-marketsandmarkets-302284150.html

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EduMed.org celebrates Medical Assistants Recognition Week with online guides for aspiring MAs

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New resources highlight pathways to becoming a medical assistant, top programs for 2025 and the importance of empathy in patient care.

RENO, Nev., Oct. 23, 2024 /PRNewswire-PRWeb/ — In honor of Medical Assistants Recognition Week (MARWeek), EduMed.org has released a collection of new and updated guides to support students pursuing careers as medical assistants. The guides include a step-by-step process on how to become a medical assistant, a collection of key resources for medical assisting students, the best online and hybrid medical assistant programs for 2025, and a new piece on why empathy is a critical skill for medical assistants.

“Medical assistants are essential to today’s healthcare system. Their ability to balance patient care with administrative responsibilities makes them invaluable in hospitals, clinics and physician offices across the country.”

Medical assistants are the backbone of many healthcare facilities, performing both administrative and clinical tasks to ensure that patient care runs smoothly. As the demand for healthcare services increases, medical assistants play a crucial role in supporting physicians, nurses and other healthcare professionals.

“Medical assistants are essential to today’s healthcare system,” said Wes Ricketts, founder of EduMed.org. “Their ability to balance patient care with administrative responsibilities makes them invaluable in hospitals, clinics and physician offices across the country.”

As the healthcare landscape continues to evolve, the medical assisting profession has seen tremendous growth, with myriad opportunities for those interested in joining the field. According to the U.S. Bureau of Labor Statistics (BLS), employment of medical assistants is expected to grow 16 percent from 2022 to 2032, much faster than the average for all occupations. This growth is driven by an aging population, increasing demand for healthcare services and the expansion of outpatient care facilities.

“The medical assisting profession is expanding rapidly, with job openings projected to increase significantly over the next decade,” added Ricketts. “Students considering this career path should find both stability and a strong sense of purpose in supporting patients and healthcare teams alike.”

EduMed.org’s updated resources guide prospective medical assistants through every step of their journey, from choosing the right educational program to understanding the importance of soft skills like empathy, which play a vital role in patient interactions and overall healthcare outcomes.

You can read EduMed’s resources at the following locations:

How to become a certified medical assistant – https://www.edumed.org/how-to-become/certified-medical-assistant/Online resources for medical assisting students – https://www.edumed.org/online-schools/medical-assistant-programs/student-resources/Empathy & patient care for medical assistants – https://www.edumed.org/blog/empathy-in-patient-care-as-a-medical-assistant/The best online medical assistant programs for 2025 – https://www.edumed.org/online-schools/medical-assistant-programs/

About EduMed.org

EduMed.org set out in 2018 to support higher education in nursing and allied health. Our free resource materials and expert-driven guidebooks help students find scholarships, financial aid and top degree programs in nursing, healthcare administration, public health, and dozens of other key medical and health disciplines. Since the site’s official launch in 2019, EduMed has been featured by more than 100 premier colleges and universities across the U.S.

Media Contact

Wes Ricketts, EduMed.org, 1 775-234-8689, news@edumed.org, https://www.edumed.org

View original content to download multimedia:https://www.prweb.com/releases/edumedorg-celebrates-medical-assistants-recognition-week-with-online-guides-for-aspiring-mas-302284269.html

SOURCE EduMed.org

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