Gilat Signed Agreement With Major Satellite Broadband Provider to Deliver High-Performance Dual Ku/Ka-Band Terminal for the H...
September 24 2015 - 9:06AM
Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), a
worldwide leader in satellite networking technology, solutions and
services announced today that it has signed a long-term agreement
to develop and supply high-performance dual Ku/Ka-band terminals
for in-flight connectivity (IFC) on commercial aircraft.
Benefitting from Gilat's longstanding expertise in
high-performance and low-profile antenna design, the new Ku/Ka-band
in-flight connectivity solution will enable IFC service providers
to deliver global and continuous broadband coverage on commercial
aircraft.
Gilat will develop and provide a dual Ku/Ka-band antenna with
its proprietary power amplifiers (KRFU and KANDU). The antenna is
also intended to meet the requirements for future line fit
installations.
This unique competitive configuration offers a scalable,
cost-effective global bandwidth solution to meet growing broadband
requirements, to optimize bandwidth allocation and to ensure
continuous coverage on more airline routes. Rollout is expected in
2017.
"The new terminal leverages our proven technological
capabilities in both industry-leading Wavestream airborne
transceivers and advanced UAV terminals," said Moshe (Chico) Tamir,
Corporate Vice President and President of Gilat's Mobility
Division. "We are excited to expand our offering and to put the
best terminal for high-speed Internet access on board commercial
flights."
About Gilat
Gilat Satellite Networks Ltd (NASDAQ:GILT) (TASE:GILT), is a
leading provider of products and services for satellite-based
broadband communications. Gilat develops and markets a wide range
of high-performance satellite ground segment equipment and VSATs,
with an increasing focus on the consumer and Ka-band market. In
addition, Gilat enables mobile SOTM (Satellite-on-the-Move)
solutions providing low-profile antennas, next generation
solid-state power amplifiers and modems. Gilat also provides
managed network and satellite-based services for rural telephony
and Internet access via its subsidiaries in Peru and Colombia.
With over 25 years of experience, and over a million products
shipped to more than 90 countries, Gilat has provided enterprises,
service providers and operators with efficient and reliable
satellite-based connectivity solutions, including cellular
backhaul, banking, retail, e-government and rural communication
networks. Gilat also enables leading defense, public security and
news organizations to implement advanced, on-the-move tactical
communications on board their land, air and sea fleets using
Gilat's high-performance SOTM solutions. Gilat's controlling
shareholders are the FIMI Private Equity Funds. For more
information, please visit us at 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, 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.
CONTACT: Gilat Satellite Networks
Joelle Inowlocki
JoelleI@gilat.com
KCSA Strategic Communications
Phil Carlson, Vice President
(212) 896-1233
pcarlson@kcsa.com
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