Gilat Receives Over $5M for Cellular Backhaul Expansion from Tier-1 Mobile Network Carrier in Japan
April 22 2021 - 7:09AM
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a
worldwide leader in satellite networking technology, solutions and
services, announced today that it received over $5M for cellular
backhaul over satellite expansion from Tier-1 Mobile Network
Carrier in Japan.
The Mobile Carrier will utilize Gilat's SkyEdge II-c platform to
quickly expand coverage to rural zones that are lacking fiber
access, as well as to provide emergency response in the case of
earthquakes or other natural disasters. An aggressive deployment
schedule was put in place to fulfil the carrier's requirements.
"The leading Mobile Carrier, required Gilat's proven cellular
backhaul solution to meet its aggressive deployment schedule and to
meet interoperability standards," said Abhay Kumar, Regional Vice
President, APJ at Gilat. "This win adds on to other Japanese and
worldwide Tier-1 operators who are benefitting from Gilat's leading
cellular backhaul technology, with a joint vision of delivering
connectivity to people in the most remote regions, as well as to
providing the essential emergency response readiness in a
disaster-prone country such as Japan."
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,
Director Corporate CommunicationsDoreetO@gilat.comGK Investor and
Public RelationsEhud Helft, Managing Partnerehud@gkir.com
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