Gilat Awarded Multi-Million Dollar Contract to Provide Satellite Communication Equipment for Defense Forces in Asia
July 07 2021 - 7:10AM
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a
worldwide leader in satellite networking technology, solutions and
services, announced today an award of a multi-million-dollar
contract to provide satellite communication (SATCOM) equipment to a
large system integrator for its customer in Asia.
Gilat's renowned multi-application platform,
SkyEdge II-c, Capricorn VSATs and TotalNMS will serve the needs of
the defense forces to provide tactical SATCOM solutions for mobile
platforms and enable efficient communication channels during
emergency and disaster response besides the critical C4I needs.
Multiple hubs and hundreds of VSATs will be deployed in redundant
configurations to meet the critical security needs, as well as the
high quality and key regulatory requirements.
"Gilat was chosen to answer the defense needs
due to Gilat's superior technology, highly secure solution, proven
global track record and commitment to the local market," said Vinod
Kaul, General Manager South Asia at Gilat. "Together with the local
partners we see a large potential for our technology in additional
Defense projects, as well as other segments such as Education,
Banking, Oil & Gas and IFC."
"We are proud that Gilat's SkyEdge II-c platform
answers the most stringent requirements and thus provides the
technological capability to enable realizing today's demand of
digital warfare, wherever and whenever digital information is
required," said Res. BG. Eyal Zelinger, Gilat’s Vice President of
Defense. "This contract is an additional significant step in
implementing Gilat's strategy in the global Defense market."
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,
Senior 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/64f7dcfe-30d1-4d3a-96a1-02bb22519d3f
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