TORONTO, June 24, 2026 /CNW/ – Mr. Jeffrey C. Royer, Chairman of the Board of Baylin Technologies Inc. (the “Company”), announced that 2385796 Ontario Inc. (“238”) has entered into agreements to acquire an aggregate of an additional 17,139,616 common shares (“Common Shares”) in the Company.

On June 24, 2026, 238 entered into an exchange agreement with the Company pursuant to which the Company has agreed to exchange all of its $3,950,000 outstanding 10% Cumulative Redeemable Retractable Series A and Series B Preferred Shares held by 238, together with accrued and unpaid dividends thereon in the amount of $594,297.41, for an aggregate of 16,171,876 Common Shares, issued on a private placement basis at $0.281 per Common Share, plus a cash payment of approximately $0.25 in lieu of fractional shares (the “Exchange Transaction”).

Separately, also on June 24, 2026, 238 entered into a private agreement with a third party to acquire an additional 967,740 Common Shares at a price of $0.335 per Common Share (the “Private Agreement Transaction” and, together with the Exchange Transaction, the “Transactions”).

The aggregate 17,139,616 Common Shares acquired by 238 pursuant to the Transactions represent approximately 6.94% of the 246,933,341 Common Shares outstanding before giving effect to the Transactions.

Prior to giving effect to the Transactions, Mr. Royer exercised control and direction over approximately 50.3% of the outstanding Common Shares. After giving effect to the Transactions, 238 will hold an aggregate 135,896,242 Common Shares, representing approximately 51.7% of the 263,105,217 Common Shares that will be outstanding after giving effect to the Exchange Transaction. An Associate of Mr. Royer holds an additional 5,496,900 Common Shares. Mr. Royer exercises exclusive control and direction over the Common Shares held by 238 and by the Associate. Together, after giving effect to the Transactions, the Associate and 238 hold an aggregate of 141,393,142 Common Shares, representing approximately 53.7% of the Common Shares outstanding.

The Common Shares are being acquired for investment purposes. Mr. Royer may direct the purchase of additional Common Shares or other securities of the Company or direct the sale of Common Shares or other securities of the Company, in each case, based on market and other conditions or other circumstances.

A copy of the early warning report required by National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues incorporating this and other information will be available under the Company’s issuer profile on SEDAR+ at www.sedarplus.ca and by contacting Kelly Myles, Marketing and Communications Director at the Company, at Kelly.myles@baylintech.com.

SOURCE Baylin Technologies Inc.

Global market projected to grow at a CAGR of 13.5% from 2026 to 2033 as pharmaceutical, food, and healthcare industries increasingly rely on advanced cold chain packaging solutions

SAN FRANCISCO, June 24, 2026 /PRNewswire/ — The global cold chain packaging market is poised for significant expansion, with increasing demand from pharmaceutical manufacturers, healthcare providers, food distributors, and e-commerce platforms fueling long-term growth. According to the latest industry analysis by Grand View Research, the global cold chain packaging market was valued at USD 33.7 billion in 2025 and is expected to reach USD 93.1 billion by 2033, expanding at a CAGR of 13.5% from 2026 to 2033.

The market’s growth trajectory reflects the critical role cold chain packaging plays in protecting temperature-sensitive products throughout storage, transportation, and distribution. As global supply chains become increasingly complex and consumers demand faster delivery of perishable goods, businesses are investing heavily in advanced insulated packaging technologies capable of maintaining product integrity across extended transit durations.

Rising Biopharmaceutical Demand Accelerating Market Growth

One of the primary factors driving industry expansion is the rapid growth of biopharmaceuticals, vaccines, biologics, insulin, and specialty medicines. These products require precise temperature control throughout the supply chain to maintain efficacy and regulatory compliance.

The increasing adoption of personalized medicine, cell and gene therapies, and biologic drug formulations has intensified the need for validated cold chain packaging systems. Pharmaceutical companies are prioritizing advanced thermal packaging solutions that minimize temperature excursions while supporting global distribution networks.

Stringent compliance requirements imposed by regulatory authorities worldwide are further encouraging pharmaceutical manufacturers and logistics providers to deploy high-performance cold chain packaging technologies that ensure product safety and quality.

Expanding Global Food Supply Chains Create New Opportunities

Beyond healthcare applications, the cold chain packaging market continues to benefit from growing international trade in perishable food products. Fresh fruits, vegetables, dairy products, seafood, processed foods, and frozen meals increasingly rely on temperature-controlled transportation to preserve freshness and extend shelf life.

Changing consumer lifestyles and rising demand for year-round availability of fresh foods are strengthening the need for efficient cold chain infrastructure. As food manufacturers and retailers seek to reduce spoilage and food waste, investments in insulated containers, refrigerant systems, gel packs, and thermal packaging solutions continue to rise.

The emergence of modern retail channels and direct-to-consumer food delivery models is also supporting long-term market expansion, particularly in developing economies experiencing rapid urbanization and digital transformation.

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E-commerce and Last-Mile Delivery Reshaping Industry Dynamics

The continued growth of e-commerce grocery platforms, meal-kit providers, and online pharmaceutical delivery services has transformed cold chain logistics requirements.

Consumers increasingly expect fast and reliable delivery of temperature-sensitive products directly to their homes. This shift has created substantial demand for lightweight, cost-effective, and durable packaging solutions capable of maintaining required temperature ranges during last-mile transportation.

Industry participants are responding with innovations focused on enhanced insulation performance, reusable packaging formats, and real-time monitoring technologies that provide greater visibility across the supply chain.

As digital commerce continues to expand globally, cold chain packaging providers are expected to benefit from rising shipment volumes and increasing customer expectations regarding product quality upon delivery.

Sustainability and Material Innovation Driving Competitive Advantage

Environmental sustainability has emerged as a key strategic priority within the cold chain packaging industry. Companies are increasingly developing recyclable, reusable, and biodegradable packaging solutions to address growing environmental concerns and corporate sustainability commitments.

Advancements in fiber-based insulation materials, paper-derived thermal liners, and environmentally responsible refrigerants are enabling manufacturers to reduce environmental impact without compromising thermal performance.

Furthermore, innovations in phase change materials (PCMs), vacuum insulated panels (VIPs), and smart packaging systems are enhancing operational efficiency while helping organizations achieve sustainability objectives.

The integration of temperature-monitoring sensors and data-logging technologies is also improving supply chain transparency and enabling proactive risk management throughout transportation networks.

Segment Insights Highlight Emerging Growth Areas

By material, expanded polystyrene (EPS) dominated the market in 2025, accounting for more than 38.0% of total revenue. The segment’s strong position is attributed to its superior insulation capabilities, lightweight design, affordability, and widespread adoption across pharmaceutical and food logistics applications.

Meanwhile, the paper and paperboard segment is expected to register the fastest growth rate, expanding at a CAGR of 14.8% through 2033. Rising sustainability mandates and increasing demand for recyclable packaging alternatives are accelerating adoption across multiple industries.

From a product perspective, insulated containers accounted for more than 41.0% of market revenue in 2025. Their ability to provide reliable thermal protection for pharmaceuticals, biologics, and perishable food products continues to support widespread usage.

Vacuum insulated panels are anticipated to emerge as the fastest-growing product segment, registering a CAGR of 14.2% during the forecast period. Their superior thermal efficiency, lightweight construction, and extended temperature-hold capabilities make them increasingly attractive for high-value and long-duration shipments.

The pharmaceuticals segment is projected to grow at a CAGR of 16.0% through 2033, reflecting rising demand for temperature-controlled packaging solutions across global healthcare supply chains.

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North America Maintains Market Leadership While Asia Pacific Gains Momentum

North America accounted for more than 32.0% of global market revenue in 2025, making it the largest regional market. The region benefits from a well-established pharmaceutical industry, advanced cold chain infrastructure, and strong demand for frozen and processed food products.

The United States remains a key growth engine due to ongoing investments in biologics manufacturing, vaccine distribution, and temperature-sensitive healthcare logistics.

At the same time, Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. Expanding healthcare infrastructure, increasing pharmaceutical production, rising disposable incomes, and rapid growth in e-commerce food delivery services are creating substantial opportunities across major economies including China, India, Japan, and Southeast Asia.

Competitive Landscape

The cold chain packaging market remains moderately concentrated, with leading companies focusing on innovation, sustainability, thermal performance, and regulatory compliance to strengthen their competitive positions.

Major industry participants include Cold Chain Technologies, Cryopak, ThermoSafe, Dawsongroup, SOFRIGAM, CSafe, Peli BioThermal LLC, Sealed Air, CoolPac, Nordic Cold Chain Solutions, Inmark Global Holdings, Envirotainer, DGP Intelsius LLC, TemperPack, and Polar Tech Industries.

Strategic investments in reusable packaging systems, smart monitoring technologies, advanced insulation materials, and packaging-as-a-service business models are expected to shape future competition within the industry.

Market Outlook

As pharmaceutical innovation accelerates, global food trade expands, and e-commerce distribution networks continue evolving, cold chain packaging will remain a critical component of modern supply chains. The industry’s ability to deliver reliable temperature control while addressing sustainability challenges positions it for sustained growth throughout the forecast period.

With the market expected to nearly triple in value by 2033, companies that successfully combine thermal performance, regulatory compliance, digital monitoring capabilities, and environmentally responsible materials are likely to capture significant opportunities in the years ahead.

To learn more about growth opportunities in the Cold Chain Packaging Market, access the full report from Grand View Research

About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc

Purpose-built to help emerging AI aggregation platforms reduce cross-region latency, manage traffic spikes, and protect APIs.

SINGAPORE, June 25, 2026 /PRNewswire/ — CDNetworks, the APAC-leading network to deliver edge as a service, today announced a new solution designed to help AI aggregation platforms deliver faster, more reliable, and more secure AI experiences to business users worldwide.

As enterprises adopt multiple AI models across business functions, AI aggregation platforms are emerging as a key access layer for model selection, task routing, and cost optimization. However, as these platforms scale across regions, they face growing pressure to maintain low-latency performance, handle unpredictable traffic spikes, and protect increasingly exposed AI model APIs.

CDNetworks’ new solution addresses these challenges by combining global acceleration with edge-native security. Built on CDNetworks’ global network of 3,000+ Points of Presence, the solution helps AI aggregation platforms deliver fast, stable, and secure AI interactions, regardless of where users, applications, or AI models are located.

The solution enables AI aggregation platforms to:

Improve global performance with intelligent routing, 3,000+ PoPs, and support for HTTP/2, HTTP/3, and WebSocket.Protect applications and APIs with edge-native WAAP capabilities, including DDoS protection, WAF, bot management, and API security.Simplify deployment and operations through a unified management console, real-time monitoring and analytics, and 24/7 expert support.

The solution is already delivering measurable results. In a recent deployment, a global AI aggregation platform using CDNetworks reduced global latency by 70% and origin bandwidth consumption by 60%, while maintaining continuous protection for its AI model APIs.

“AI aggregation platforms offer enterprises a flexible approach to working with multiple AI models. But their true potential will only be realized when they become a reliable part of the workflows where business decisions actually happen”, said Antony Li, APAC Head of Sales at CDNetworks. “By launching this new solution, CDNetworks is giving these platforms the infrastructure confidence to support AI interactions at scale.”

To learn more about CDNetworks’ solution for AI aggregation platforms, visit here.

About CDNetworks

As the APAC-leading network with over 3,000 global Points of Presence and more than 20 years of technology experience, CDNetworks delivers the fastest and most secure digital experiences to end users. Our diverse products and services include web performance, media delivery, cloud security, edge computing, zero-trust security, and colocation services — all designed to spur business innovation.

To learn more, visit cdnetworks.com and follow us on LinkedIn.

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SOURCE CDNetworks