Gilat Signs Significant Contract with SES to Develop and Deploy O3b mPOWER MEO Communications System
November 18 2019 - 7:14AM
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide
leader in satellite networking technology, solutions and services,
announced today that it has reached a major landmark with the
selection by SES for development and deployment of a global
multiple application VSAT platform for its O3b mPOWER Medium Earth
Orbit (MEO) communications system. This multi-million-dollar
contract establishes Gilat as a significant Non-Geostationary Orbit
(NGSO) player through the technological innovation of its
multi-orbit GEO/NGSO platform.
“We are honored to be partnering again with SES, this time for
their next generation O3b mPOWER system,” said Ron Levin, VP
Mobility and Global Accounts at Gilat. "Gilat was selected
due to our innovative ground segment design that significantly
reduces cost per bit, our ability to deliver a step function in
modem performance and our engineering capabilities to further
optimize the platform to efficiently support SES’s O3b mPOWER
communications system. We are proud to be at the forefront of
ground networks for NGSO constellations together with SES, who
paved the NGSO path with its O3b constellation and now continue to
lead the pack with its O3b mPOWER network."
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-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. 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 NetworksDoreet Oren,
Director Corporate CommunicationsDoreetO@gilat.com Comm-Partners
LLC June Filingeri, President +1-203-972-0186
JuneFil@optonline.net
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