Gilat's Airborne Technology Enables Opening-up of the Chinese Ka-Band IFEC Market and Driving a Multi-Million Dollar Market O...
July 07 2020 - 8:25AM
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide
leader in satellite networking technology, solutions and services,
announces that Gilat's aero modem, Taurus, is powering In-flight
Entertainment and Connectivity (IFEC) service to China's Qingdao
Airlines. The service is provided by China Satcom, over CS-16
Ka-HTS satellite together with its partner China TDT LINK
(contents/service provider to passengers). The whole Ka-band IFEC
system was integrated by FTS, a leading Chinese system integrator,
who received the STC/VSTC for this IFEC early this year. This
milestone of opening-up of the Chinese Ka-band IFEC market is the
driver for a multi-million-dollar market opportunity.
The Qingdao Airlines’ A320 aircraft has started to provide the
Ka band satcom based IFEC commercial service, after a very
successful flight from Qingdao to Chengdu on July 7, 2020, with its
IFEC system formally open to the passengers for the first time. As
of today, there are more than 3,500 commercial aircraft operating
in China and this aircraft is the first one retrofitted with a Ka
band IFEC system.
"Gilat is proud to have been selected by our long-term partners
China Satcom and FTS, and most pleased with the joint effort of
integrating our proven IFC modem, Taurus, to enable opening of the
Chinese skies for broadband connectivity,” said Yuan Si, China
Country Manager for Gilat. "Gilat views China as a strategic focus
area, and this success marks yet another important landmark in
Gilat's vision of enabling plentiful quality affordable broadband
connectivity everywhere. We look forward to continued collaboration
with our strategic partners, to jointly reap the benefits of this
multi-million-dollar China IFC 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-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. In addition,
there is uncertainty about the spread of
the COVID-19 virus and the impact it will have on the
Company’s operations, the demand for Company’s products, global
supply chains and economic activity in general. These and other
risks and uncertainties are detailed in the Company’s Securities
and Exchange Commission filings. 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
DoreetO@gilat.com
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