PETAH TIKVA, Israel, July 22, 2020 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces that Gilat received an extension for an 18-month managed service cellular backhaul project from a leading Mobile Network Operator (MNO) in Mexico.
The leading MNO will provide 3G and 4G services over Gilat’s satellite backhaul to remote regions where terrestrial means such as fiber and microwave are not available. In addition, Gilat’s satellite platform will allow the mobile operator to use transportable VSATs, for disaster recovery, thus ensuring connectivity anywhere in Mexico at all times. The capacity increase of 40% will enable Gilat to provide a superior end-to-end solution for the operator to expand its service into remote villages cost-effectively.“We are pleased to strengthen our relationship with our partner and to continue to provide quality end-to-end service and high performance with our leading technology, providing excellent spectral efficiency,” said Tobias Dezordi, Regional Vice President Latin America at Gilat. “This project is a testament not only to Gilat’s ongoing technological leadership but also to Gilat’s local presence and expertise in delivering a highly reliable service, meeting rigorous SLAs, that has led our partner to provide an 18-month extension to the managed service contract.”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 COVID19 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
[email protected]
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