PETAH TIKVA, Israel, Aug. 5,
2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ:
GILT) (TASE: GILT), a worldwide leader in satellite networking
technology, solutions and services, announced today that it will
provide aero antennas with an initial agreement for tens of
millions of dollars to a Tier-1 business aviation service provider.
This expands Gilat's aero offering into the business aviation
market with a leading tail-mount antenna for business jets.
The high-speed satellite-based global connectivity service being
developed will be enabled by Gilat's aero terminal which includes a
12" tail-mount Ku band antenna, and Gilat's industry proven Taurus
aero modem. Gilat's solution is designed to provide the
user experience this demanding market requires. The service for
business aviation will be provided over one of the largest aero
networks operating worldwide.
"Gilat's expansion from commercial aviation into the market
segment of business aviation is a major milestone in our IFC
strategy," said Ron Levin, VP
Mobility and Global Accounts at Gilat. "This achievement, of a
potential of hundreds of terminals, further strengthens Gilat as a
major IFC player in this fast-growing satellite communication
market."
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