Gilat Awarded $13M Contract by Pronatel for Delivery of Internet Services to Hundreds of Sites in Peru
June 03 2021 - 7:07AM
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a
worldwide leader in satellite networking technology, solutions and
services, announced today the award of a $13M contract by Pronatel
for delivery of internet services to hundreds of sites in Peru.
Gilat to supply Public Free WI-FI services over a two-year period
to the regions of Ayacucho, Apurímac, Huancavelica and Cusco with a
potential for significant extension and expansion to thousands of
additional sites.
Gilat is engaged in support of the Peruvian
government to enable education over the internet, a particularly
important mission during the ongoing pandemic. The government is
supplying thousands of tablets to students for the purpose of
accessing educational material. Gilat is installing hotspots in
hundreds of city squares, which include a local server with digital
education material, for the benefit of the students. Gilat is
providing connectivity services, the wireless access solution and
infrastructure for the WI-FI internet coverage.
"The agreement signed with Gilat Peru will
enable more Peruvians to connect for free to high-speed internet
through their own devices within the coverage areas of the main
squares," said Carlos Lezameta, Pronatel’s Chief Executive. "This
service in the first four regions is part of Pronatel's larger
initiative to provide Regional Broadband Projects."
"Gilat is committed to delivering broadband
connectivity to the students of Peru, addressing this critical need
during the pandemic, when schools are closed," said Arieh
Rohrstock, General Manager Gilat Peru and Gilat's Corporate SVP.
"This award is in-line with our strategy to grow services over the
networks, where we see great potential for additional millions of
dollars of recurring revenue."
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.com
GK Investor and Public RelationsEhud Helft, Managing
Partnerehud@gkir.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/5e09d54c-84b2-4c5b-a1cc-968b9545bd92
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