Gilat's HTS VSAT Network Goes Live at JCP, BRASTRADING's Telecommunications Subsidiary in Brazil
March 17 2015 - 11:22AM
Gilat Satellite Networks Ltd. (Nasdaq:GILT), a worldwide leader in
satellite networking technology, solutions and services, announced
today that the SkyEdge II-c High-Throughput Satellite (HTS)
Multi-Spot Beam network previously announced on December 22, 2014,
went live successfully at JCP, the Brazilian telecommunications
subsidiary of Florida-based BRASTRADING, Inc. With its new network,
JCP is making Ka-band broadband services available to consumers,
enterprise, and the maritime and aviation mobility markets.
"Our VSAT platform is live, serving our initial customers over
our KA band service package on the EUTELSAT E3b satellite and is
operating perfectly," announced Wagner Moura, CEO of JCP and
President of BRASTRADING, Inc. "We believe there is a large
opportunity for Ka-band in Latin America, to extend Wi-Fi, LTE over
IP, and for content distribution. A major operator recently spent
$2 billion to connect one million people via a fiber optic network.
By using our satellite network, they could connect the next million
people, at one third the price and in a fraction of the time."
About JCP
JCP is the Brazilian telecommunications subsidiary of
Florida-based BRASTRADING, Inc. BRASTRADING is an engineering and
infrastructure company providing telecommunications services and
equipment to diverse entities around the world. BRASTRADING is the
exclusive leaseholder of the Eutelsat E3B KA bandwidth service
package, extending KA coverage to all of Brazil. With more than 17
years of experience in strategic distribution services,
BRASTRADING's understanding of world markets is unparalleled.
Whether dealing with companies in South America, Europe, Asia, the
United States or anywhere else on the globe, BRASTRADING is leader
in the supply chain industry.
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 90 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.
Gilat is a company under the control of the FIMI Private Equity
Funds.
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: Gilat Satellite Networks
Joelle Inowlocki
JoelleI@gilat.com
KCSA Strategic Communications
Phil Carlson, Vice President
(212) 896-1233
pcarlson@kcsa.com
Thomas Mei, Account Executive
(212) 896-1208
tmei@kcsa.com
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