PETAH TIKVA, Israel, Feb. 20,
2018 /PRNewswire/ -- Gilat Satellite Networks Ltd.
(NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite
networking technology, solutions and services, announces that
Hispasat selected Gilat's innovative platform for a multi-million
dollar project to provide broadband commercial services in
Mexico using Hispasat's Ka HTS
capacity of the Amazonas-5 Satellite. A potential of tens of
thousands of Gilat's VSATs are estimated to be deployed over the
next few years, as Internet Service Providers (ISPs) ramp up their
service.
Gilat's SkyEdge II-c, multi-service platform, optimally utilizes
the high throughput satellite resources delivering cost efficient
bandwidth while providing excellent user experience. The platform
was selected to commercialize the full capacity of Hispasat's
Amazonas-5 Ka beams over Mexico,
enabling Hispasat and its customers to offer a variety of services
such as broadband Internet services, WiFi connectivity in
semi-urban and rural locations, and mobility applications to
government and private sector clients.
"Gilat and Hispasat are cooperating in multiple projects around
the globe, and we are now pleased to deploy Gilat's SkyEdge II-c
platform to maximize the benefits of our recently launched
multi-beam Ka satellite, Amazonas-5," said Ignacio Sanchis, Chief Commercial Officer at
Hispasat. "Gilat's multi-service cost effective platform is ideal
for business development for Hispasat and its' clients in
Mexico, enabling quick service
expansion to a variety of vertical markets."
"We are honored to join forces and grow our business with our
longstanding partner, Hispasat, to develop the Mexican broadband
market, and see this deal in Mexico, as a significant step in delivering on
our promise for regional recovery," said Ron Levin, VP Global Accounts at Gilat. "We are
excited about this collaboration and opportunity, and are pleased
to deliver our SkyEdge II-c multi-service platform to bring
quality, plentiful and affordable broadband to unserved and
underserved regions throughout Mexico."
About Hispasat
HISPASAT is comprised of companies that
have a presence in Spain as well
as in Latin America, where its
Brazilian affiliate HISPAMAR is based. HISPASAT is a world leader
in the distribution and broadcasting of Spanish and Portuguese
content, and its satellite fleet is used by important
direct-to-home television (DTH) and high-definition television
(HDTV) digital platforms. HISPASAT also provides satellite
broadband services and other added value solutions to governments,
corporations and telecommunication operators in America,
Europe and North Africa. HISPASAT is one of the world's
largest companies in its sector in terms of revenue, and the main
communications bridge between Europe and the Americas.
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ:
GILT) (TASE: GILT) is a leading global provider of satellite-based
broadband communications. With 30 years of experience, we design
and manufacture cutting-edge ground segment equipment, and provide
comprehensive solutions and end-to-end services, powered by our
innovative technology. Delivering high value competitive solutions,
our portfolio comprises of a cloud based VSAT network platform,
high-speed modems, high performance on-the-move antennas and high
efficiency, high power Solid State Amplifiers (SSPA) and Block
Upconverters (BUC).
Gilat's comprehensive solutions support multiple applications with
a full portfolio of products to address key applications including
broadband access, cellular backhaul, enterprise, in-flight
connectivity, maritime, trains, defense and public safety, all
while meeting the most stringent service level requirements. Gilat
controlling shareholders are the FIMI Private Equity Funds.
For more information, please visit: www.gilat.com.
Certain statements made herein that are not historical
are forward-look ng 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
+1-203-972-0186
junefil@optonline.net
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SOURCE Gilat Satellite Networks