Gilat Satellite Networks Joins Telecom Infra Project, Founded by Facebook, Deutsche Telekom, SK Telecom and Others
November 02 2016 - 7:03AM
Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), a
worldwide leader in satellite networking technology, solutions and
services, today announced it has joined the Telecom Infra Project,
(TIP), founded by Facebook, Deutsche Telekom, EE, Globe Telecom,
Intel, Nokia, SK Telecom and others. TIP aims to redefine the
current approach to network technology and bring connectivity to
the unserved and underserved billions of people around the world.
TIP is an engineering-focused initiative driven by operators,
infrastructure providers, system integrators, and other technology
companies that aims to reimagine the traditional approach to
building and deploying telecom network infrastructure. TIP will
explore new approaches and technologies across three initial focus
areas: access, backhaul, and core and management. The project
groups within these areas will leverage the unique engineering and
operational expertise of each member, focusing on developing new
technologies and exploring new approaches to deployment in both
developed and emerging markets.
Gilat brings worldwide expertise in innovative and
cost-efficient satellite based solutions for broadband Internet.
Gilat will leverage its knowhow and solutions to contribute to the
project groups within TIP to improve people's lives through better
connectivity.
“We are excited to join TIP and contribute to Facebook’s vision
of connecting the unconnected and underserved populations.” said
Aviv Ronai, Head of Marketing and Business Development at Gilat.
“We believe this initiative and Gilat’s leadership in technology
innovation and large-scale projects will help to expand broadband
services quickly and affordably.”
Gilat’s connectivity via satellite will be demonstrated at the
TIP Summit that will be held at Facebook's headquarters in Menlo
Park CA, November 1 – 2, 2016.
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 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. We undertake
no obligation to update or revise any forward-looking statements
for any reason. 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
Doreet Oren
DoreetO@gilat.com
Comm-Partners LLC
June Filingeri, President
203-972-0186
junefil@optonline.net
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