Synertone, a Leading Chinese Satellite Solutions Provider, Selects Gilat to Enable Its Fixed and Mobile Offerings Throughout ...
November 23 2015 - 7:48AM
Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), a
worldwide leader in satellite networking technology, solutions and
services, announced today that Synertone, a Hong Kong satellite
solutions provider, has selected Gilat's baseband equipment to
enable fixed and mobility applications on its HTS IPSTAR-based
network, offering coverage throughout China. Synertone placed
orders totaling approximately $12 million for Gilat's solutions.
"We are establishing a new level of satellite coverage in China.
With Gilat's leading technology and expertise, we can now offer
seamless broadband, enterprise, cellular backhaul and mobility
services," said Synertone Chief Executive Officer Han Weining.
"This new HTS award by Synertone is yet another proof of our
technology leadership and position in China. We are looking forward
to a long-term partnership with Synertone, demonstrating our
commitment to the Chinese market, supporting Synertone in bringing
to market new mobility applications, rural broadband, and more,"
said Dov Baharav, Interim CEO and Chairman of the Board of
Gilat.
Powering Synertone's network will be Gilat's SkyEdge II-c
platform with X-Architecture. The VSATs used are part of Gilat's
Capricorn suite of ultra-high-speed IP routers. The network is
estimated to go live within six to twelve months.
Additionally, the MOU signed by Synertone and Gilat includes an
option for advanced manufacturing and future R&D cooperation,
should they agree to do so.
About SynertoneSynertone Communication
Corporation (1613.HK) has been principally engaged in the business
of the design, research and development, production and sales of
equipment and related technologies used in specialized
communication systems that are customarily devised pursuant to the
specific needs of a particular client. Synertone provides
application solutions proposals, network design and implementation
to customers. Following the acquisition of the ‘‘Synertone 1’’
(IPSTAR) satellite bandwidth, Synertone has started the business of
satellite communication operation which provides broadband internet
access.
Synertone has developed products and systems relating to digital
trunking and satellite communication systems through its own
research and development and acquisition of relevant intellectual
property rights and technology know-how from third parties. The
core components for specialized communication systems provided by
Synertone mainly comprises base stations, core network, dispatcher
stations, terminals which are able to join digital trunking system,
the satellite antenna, block up-converter, modem, IP accelerator,
coder and encoder and audio-video matrix for VSAT satellite
systems.
About GilatGilat 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’s controlling
shareholders are 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
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