Gilat Awarded $9 Million in Orders for Support of Low Earth Orbit Constellation

Rhea-AI Summary

Gilat Satellite Networks Ltd. (NASDAQ: GILT) announced receiving orders worth $9 million to support Low Earth Orbit (LEO) constellation gateways through its subsidiary, Wavestream.

The orders are part of a previously announced contract and include over 800 Gateway-Class SSPAs. Wavestream plans to complete all deliveries within the next 12 months, marking an unprecedented production rate for these complex systems, which are tailored for non-geostationary satellite orbit applications.

Positive

• Received orders worth $9 million, indicating strong demand for LEO satellite support.
• Wavestream is expected to deliver all units within the next 12 months, showcasing efficient production capabilities.
• Over 800 Gateway-Class SSPAs ordered, reflecting robust market positioning.

Negative

• None.

PETAH TIKVA, Israel, June 28, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it received orders of $9 million for support of gateways of Low Earth Orbit (LEO) constellations.

Gilat's subsidiary, Wavestream, was chosen as the vendor of choice to supply Gateway Solid State Power Amplifiers (SSPAs) to a leading satellite operator to support the LEO constellation gateways. The orders were received as part of the previously announced contract.

Wavestream is proceeding according to plan with orders now exceeding 800 Gateway-Class SSPAs. Wavestream’s PowerStream 160Ka is designed specifically for networks using wide bandwidth uplinks and high order modulation schemes, thus best addressing the stringent requirements of Non-Geostationary Satellite Orbit (NGSO) constellations installed in remote locations.

"The high-volume manufacturing of these highly-complex Gateway-class SSPAs is proceeding at an unprecedented production rate, with all deliveries expected in the next 12 months," said Bob Huffman, Wavestream’s General Manager. "Our manufacturing capacity, product reliability, and experience with high-power Ka-Band SSPA technologies stand alone in the NGSO Gateway market, and we are honored to be trusted to deliver more than 1,000 of these units for the entire program.”

About Wavestream
Wavestream, a Gilat subsidiary is the industry leader in the design and manufacture of next generation satellite communications high power transceivers for In Flight Connectivity, Ground Mobility and Gateway markets. Since 2001, we provide system integrators with field-proven, high performance Ka, Ku and X band Solid State Power Amplifiers (SSPAs), Block Upconverters (BUCs), Block Down Converters and Transceivers. We design, manufacture and repair our products in-house and have delivered over 40,000 systems in the past 15 years. Wavestream products provide high quality and reliability under the harshest environmental conditions and we are currently certified to ISO 9001:2008 and AS9100D standards. For further details please visit www.wavestream.com.

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, 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 Networks
Doreet Oren, Director Corporate Communications
DoreetO@gilat.com

GK Investor and Public Relations
Ehud Helft, Managing Partner
ehud@gkir.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1cbd2cc2-4916-4b70-a2f4-795af163d03c

FAQ

What is the significance of the $9 million orders received by Gilat?

The $9 million orders highlight strong demand for Gilat's satellite support technologies for Low Earth Orbit constellations, indicating growth potential.

How many Gateway-Class SSPAs are being supplied by Gilat's Wavestream?

Wavestream is supplying over 800 Gateway-Class SSPAs as part of the recent order.

When will Gilat complete the delivery of the ordered SSPAs?

All deliveries of the SSPAs are expected to be completed within the next 12 months.

Which satellite operator is associated with Gilat's recent orders?

The specific satellite operator was not disclosed in the press release, but Gilat's Wavestream is a vendor for a leading satellite operator.

What technology is being utilized in Gilat's SSPAs for LEO applications?

Gilat's SSPAs, particularly the PowerStream 160Ka, are designed for wide bandwidth uplinks and high order modulation schemes, suitable for non-geostationary applications.