MOSCOW and PETAH TIKVA, Israel, Aug. 29,
2018 /PRNewswire/ -- Gazprom Space Systems (GSS),
international satellite operator, and Gilat Satellite Networks Ltd.
(NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite
networking technology, solutions and services, signed the contract
with an estimated value of $18M, to
provide broadband connectivity across Russia. Gilat will deliver its' multiservice
platform and user terminals to operate over the new Yamal 601 Ka
satellite. The companies also signed today a Cooperation Agreement
for joint development of communication projects such as IFC, and
railway transport.
The Yamal 601 Ka satellite is expected to be launched in 2019
and will provide broadband coverage for both the European and Asian
regions of Russia. The satellite's
32 beams will be lighted up by Gilat's two SkyEdge II-c gateways to
be installed in the Central and Siberian Federal Districts.
This first phase of the project consists of gateways for
utilizing one-third of the satellite's capacity and includes the
delivery of tens of thousands of Gilat's terminals with the
advanced efficiency-driven DVB-S2X technology. An expansion of the
project is expected when additional capacity will be required for
further service.
Gilat's highly efficient platform, supporting a broad portfolio
of VSAT solutions, will enable GSS to provide high quality
affordable broadband to various market segments. Gilat's Scorpio
VSATs will deliver consumer broadband to the most remote locations,
while Gilat's Capricorn VSATs will enable the rural regions to
benefit from corporate connectivity and shared access.
Additionally, GSS and Gilat agreed to engage in further business
cooperation including joint development to expand both regional and
global coverage for fixed and mobile platforms, as reflected in the
signed Cooperation Agreement. The Agreement calls for IFC coverage
over Russia and abroad supported
by multiple Ka and Ku satellites from GSS and other satellite
operators, taking advantage of Gilat's dual-band Ku/Ka antenna. The
plans also include provision of communication services to
passengers of railway transport with Gilat's on-the-move terminals
and GSS satellite capacity.
"GSS is pleased to collaborate with Gilat for Ka broadband
coverage across Russia and to
further extend our partnership to future projects," said Dmitry
Sevastiyanov, Director General of Gazprom Space Systems. "We chose
Gilat's platform due to its high efficiency and its flexibility to
support multiple applications today and tomorrow."
"Gilat is honored to be selected by GSS as the ground segment
provider for its Yamal 601 Ka satellite and is excited about the
potential of additional cooperation for future joint development
projects," said Michal Aharonov, VP
Commercial at Gilat. "This partnership is a significant step for
Gilat in Russia as an enabler of
high-quality affordable broadband to the people of Russia in a variety of markets."
About Gazprom Space Systems
JSC Gazprom
Space Systems is a Russian satellite operator providing satellite
capacity in the Russian and international markets.
GSS has created, operates and develops a satellite communication
system based on an orbital constellation composed of four
satellites: Yamal-202 (49˚E), Yamal-300K (183˚E), Yamal-402 (55˚E)
and Yamal-401 (90°E).
Thanks to wide service areas covering a significant part of the
Eastern hemisphere and high technical characteristics of
satellites, GSS' capacity is in high demand and is used in more
than 100 countries worldwide.
The developed ground infrastructure of the company allows to
provide all kinds of satellite communication services in
Russia.
In 2019, the space fleet of GSS will be replenished with a new
HTS satellite Yamal-601 that will replace Yamal-202 and enable the
development of a new business for Ka-band broadband services
provision.
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,
Director Corporate Communications
DoreetO@gilat.com
Comm-Partners LLC
June
Filingeri, President
JuneFil@optonline.net
+1-203-972-0186
View original content with
multimedia:http://www.prnewswire.com/news-releases/gazprom-space-systems-and-gilat-sign-18m-contract-to-provide-broadband-connectivity-across-russia-over-new-yamal-601-ka-satellite-300703989.html
SOURCE Gilat Satellite Networks