Tier-1 Telco in Latin America Awards Gilat Over $3M to Provide Broadband Connectivity in Support of Bridging the Digital Divi...
April 26 2021 - 7:05AM
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide
leader in satellite networking technology, solutions and services,
announced today that a Tier-1 Telco in Latin America awarded Gilat
over $3M to provide broadband connectivity over satellite to
support bridging the digital divide. The project includes thousands
of VSATs to be deployed in remote schools to further children's
education in Latin America and is expected to expand further.
Gilat's SkyEdge II-c network was chosen due to its vast
experience and expertise in delivering high-quality broadband
connectivity and in deploying tens of thousands of VSATs for
Universal Service Obligation (USO) projects throughout Latin
America and in the world at large.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/eca0bc43-7312-40c8-a820-e0d1d0b18a44
"This award signifies another step in Gilat's achievements in
Latin America," said Michal Aharonov, Senior Vice President Global
Broadband Networks at Gilat. "We are excited with the opportunity
to support our partners with our leading technology and to share a
common vision of bridging the digital divide, by delivering
broadband connectivity worldwide to those who need it most."
About GilatGilat 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-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, risks
associated with the outbreak and global spread of the coronavirus
(COVID-19) pandemic; 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. We undertake no obligation to update or revise any
forward-looking statements for any reason.
Contact:Gilat Satellite NetworksDoreet Oren,
Director Corporate CommunicationsDoreetO@gilat.com
GK Investor and Public RelationsEhud Helft, Managing
Partnerehud@gkir.com
Gilat Satellite Networks (NASDAQ:GILT)
Historical Stock Chart
From Aug 2024 to Sep 2024
Gilat Satellite Networks (NASDAQ:GILT)
Historical Stock Chart
From Sep 2023 to Sep 2024