Gilat Awarded Over $4 Million in Orders for Support of Low Earth Orbit Constellation
May 20 2021 - 7:08AM
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a
worldwide leader in satellite networking technology, solutions and
services, announced today that it received orders of over $4
million for support of gateways of Low Earth Orbit (LEO)
constellations.
Gilat's subsidiary, Wavestream, was chosen as the vendor of
choice to supply Gateway Solid State Power Amplifiers (SSPAs) to a
leading satellite operator to support the LEO constellation
gateways. The orders were received as part of the previously
announced contract.
Wavestream is proceeding according to plan with delivery of
orders for its Gateway-Class PowerStream 160Ka SSPAs, designed
specifically for networks using wide bandwidth uplinks and high
order modulation schemes. Wavestream's SSPAs were selected because
of their best-in-class technical performance and their unmatched
reliability in harsh environments, best addressing the stringent
requirements of Non-Geostationary Satellite Orbit (NGSO)
constellations installed in remote locations.
“We are now manufacturing these units at an unprecedented
production rate for Gateway-class SSPAs,” said Bob Huffman,
Wavestream’s General Manager. “Our manufacturing capacity, product
reliability, and experience with high-power Ka-Band SSPA
technologies stand alone in the NGSO Gateway market.”
About WavestreamWavestream, a Gilat subsidiary
is the industry leader in the design and manufacture of next
generation satellite communications high power transceivers for In
Flight Connectivity, Ground Mobility and Gateway markets. Since
2001, we provide system integrators with field-proven, high
performance Ka, Ku and X band Solid State Power Amplifiers (SSPAs),
Block Upconverters (BUCs), Block Down Converters and Transceivers.
We design, manufacture and repair our products in-house and have
delivered over 40,000 systems in the past 15 years. Wavestream
products provide high quality and reliability under the harshest
environmental conditions and we are currently certified to ISO
9001:2008 and AS9100D standards. For further details please visit
www.wavestream.com
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.comGK Investor and
Public RelationsEhud Helft, Managing Partnerehud@gkir.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/76ff336a-14c0-474f-abd6-ad23246b4919
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