Gilat’s Global Mobility Platform Selected by SES in Multi-Million Dollar Order
August 03 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 has been awarded a
multi-million-dollar order by SES for its global mobility platform.
This agreement solidifies Gilat’s maritime leadership with initial
services to top cruise lines and maritime service providers who
will be able to access satellite-enabled services delivered by
SES’s O3b mPOWER and geostationary fleet through Gilat’s
multi-orbit platform.
Gilat's next-generation platform is optimized to
provide the required multi-orbit, multi-band service to address the
high throughput needs of ships, planes and land mobility terminals
anywhere on earth. This network expansion will position Gilat’s
VSAT platform at over a dozen gateways to form a resilient
multi-orbit and secure global network and enable superb passenger
wi-fi experience. Gilat's Aquarius Pro VSATs will provide
multi-gigabyte services with maximum efficiency, utilizing O3B
mPOWER constellation and other SES GEO satellite assets including
SES-17.
"We are proud to support our close partner, SES,
with Gilat's next generation ground-segment, to meet the needs of
its leading global mobility network," said Ron Levin SVP Mobility
and Strategic Accounts at Gilat. "With this award Gilat has
unquestionability solidified its presence in the maritime market
and expects to work hand-in-hand with SES to deliver to the most
stringent service demands."
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/b058951d-f3f7-4fed-9f66-8664b1950ee9
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