Gilat Satellite Networks Selected by Inmarsat as Global Xpress(R) Services Partner for New Fixed Land VSAT Opportunities
March 12 2014 - 8:30AM
Gilat Satellite Networks Ltd. (Nasdaq:GILT), a worldwide leader in
satellite networking technology, solutions and services, announced
today a new partnership with Inmarsat (LSE:ISAT.L), the leading
provider of global mobile satellite communications services. The
partnership is designed to address additional market opportunities
for the forthcoming Global Xpress service in the fixed, land-based
VSAT sector.
Inmarsat and Gilat will work closely to identify specific
opportunities in which Gilat's technical offering is best suited to
driving uptake of Global Xpress by end-users requiring fixed VSAT
broadband connectivity. Under the agreement, Gilat will provide a
suite of fixed GX land terminals and related network management
resources, which will be made available to VARs, enabling them to
address the further prospects identified.
Inmarsat's fleet of three GX satellites (the Inmarsat-5
constellation) is on schedule to achieve full global coverage by
the close of 2014. The game-changing Ka-band network will offer
unprecedented, globally available, high-speed broadband data
services.
"Gilat's leadership in Ka-band satellite technology, coupled
with their outstanding brand-presence in the enterprise land
market, makes them an important partner in addressing these
additional opportunities," said Rupert Pearce, CEO, Inmarsat.
"Gilat's unique solution was customised especially for these new
service opportunities and draws on their broad experience in
fulfilling the unique requirements of land enterprise
customers."
"We are proud to be part of this important alliance, and regard
the Global Xpress initiative as a strong advocator of Gilat's
strategic investment in Ka-band, the next generation in satellite
communications," said Erez Antebi, Gilat's CEO. "This project
allowed us to bring together two of Gilat's centers of excellence –
our advancements and innovation in Ka-band VSAT technology, and our
dedicated service and product quality for the enterprise
market."
About Inmarsat
Inmarsat plc is the leading provider of global mobile satellite
communications services. Since 1979, Inmarsat has been providing
reliable voice and high-speed data communications to governments,
enterprises and other organizations, with a range of services that
can be used on land, at sea or in the air. Inmarsat employs around
1,600 staff in more than 60 locations around the world, with a
presence in the major ports and centres of commerce on every
continent. Inmarsat is listed on the London Stock Exchange
(LSE:ISAT.L). For more information, please visit
www.inmarsat.com.
About Gilat
Gilat Satellite Networks Ltd (Nasdaq:GILT) (TASE:GILT) is a
leading provider of products and services for satellite-based
broadband communications. Gilat develops and markets a wide range
of high-performance satellite ground segment equipment and VSATs,
with an increasing focus on the consumer and Ka-band market. In
addition, Gilat enables mobile SOTM (Satellite-on-the-Move)
solutions providing low-profile antennas, next generation
solid-state power amplifiers and modems. Gilat also provides
managed network and satellite-based services for rural telephony
and Internet access via its subsidiaries in Peru and
Colombia.
With over 25 years of experience, and over a million products
shipped to more than 85 countries, Gilat has provided enterprises,
service providers and operators with efficient and reliable
satellite-based connectivity solutions, including cellular
backhaul, banking, retail, e-government and rural communication
networks. Gilat also enables leading defense, public security and
news organizations to implement advanced, on-the-move tactical
communications on board their land, air and sea fleets using
Gilat's high-performance SOTM solutions. For more information,
please visit us at www.gilat.com.
Certain statements made herein that are not historical are
forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995. The words "estimate", "project",
"intend", "expect", "believe" and similar expressions are intended
to identify forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties. Many
factors could cause the actual results, performance or achievements
of Gilat to be materially different from any future results,
performance or achievements that may be expressed or implied by
such forward-looking statements, including, among others, changes
in general economic and business conditions, inability to maintain
market acceptance to Gilat's products, inability to timely develop
and introduce new technologies, products and applications, rapid
changes in the market for Gilat's products, loss of market share
and pressure on prices resulting from competition, introduction of
competing products by other companies, inability to manage growth
and expansion, loss of key OEM partners, inability to attract and
retain qualified personnel, inability to protect the Company's
proprietary technology and risks associated with Gilat's
international operations and its location in Israel. For additional
information regarding these and other risks and uncertainties
associated with Gilat's business, reference is made to Gilat's
reports filed from time to time with the Securities and Exchange
Commission.
CONTACT: For further information
Inmarsat
Jonathan Sinnatt
Head of Corporate Communications
+44 (0)20 7728 1935
jonathan.sinnatt@inmarsat.com
Gilat Satellite Networks
David Leichner
Vice President of Corporate Marketing
+1 516 478 9697
davidle@gilat.com
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