PETAH TIKVA, Israel , Jan. 31, 2019 /PRNewswire/ -- Gilat Satellite
Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader
in satellite networking technology, solutions and services,
announced today that it was awarded a multi-year contract to
provide equipment and services for broadband connectivity over
ISRO's GSAT-11 across India.
Larsen & Toubro (L&T), an Indian multinational company
engaged in technology, engineering, construction, manufacturing and
financial services, chose Gilat to supply the ground segment and
operate four gateways.
The Indian Space Research Organization (ISRO) launched the
multi-spot beam satellite GSAT-11 last month, to provide broadband
coverage over India's mainland and
islands, boosting connectivity to rural India and chose L&T to supply, install,
commission and maintain GSAT-11 ground system network. GSAT 11 will
enhance public welfare systems like e-banking, e-health,
e-governance as well as provide a platform to demonstrate new
generation applications.
L&T chose Gilat's multi-application SkyEdge II-c platform to
deliver broadband services across the country. Gilat's hubs will be
placed and operated in the following main and diversity gateway
sites in India: Ranchi,
Delhi, Ahmedabad and Bangalore.
"We are gratified by the trust L&T put in Gilat to deliver
the baseband equipment and services for the GSAT-11 satellite,"
said Abhay Kumar, Regional Vice
President Asia and North America
at Gilat. "This is another testimony to Gilat's superior solution
being chosen by satellite operators worldwide to deliver plentiful,
quality and affordable satellite-based broadband
communication."
About ISRO - Indian Space Research Organisation
Indian Space Research Organisation, formed in 1969, superseded
the erstwhile INCOSPAR. Vikram Sarabhai, having identified the role
and importance of space technology in a Nation's development,
provided ISRO the necessary direction to function as an agent of
development. ISRO then embarked on its mission to provide the
Nation space based services and to develop the technologies to
achieve the same independently.
Throughout the years, ISRO has upheld its mission of bringing
space to the service of the common man, to the service of the
Nation. In the process, it has become one of the six largest space
agencies in the world. ISRO maintains one of the largest fleet of
communication satellites (INSAT) and remote sensing (IRS)
satellites, that cater to the ever growing demand for fast and
reliable communication and earth observation respectively. ISRO
develops and delivers application specific satellite products and
tools to the Nation: broadcasts, communications, weather forecasts,
disaster management tools, Geographic Information Systems,
cartography, navigation, telemedicine, dedicated distance education
satellites being some of them.
About Larsen & Toubro (L&T)
Larsen & Toubro is an Indian multinational engaged in
technology, engineering, construction, manufacturing and financial
services with over USD 18 billion in
revenue. It operates in over 30 countries worldwide. A strong,
customer–focused approach and the constant quest for top-class
quality have enabled L&T to attain and sustain leadership in
its major lines of business for eight decades.
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
+1-203-972-0186
JuneFil@optonline.net
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SOURCE Gilat Satellite Networks