Gilat Awarded Multi-Million Dollar Contract to Provide Satellite Communication Equipment for Defense Forces in Asia
Gilat Satellite Networks announced a multi-million-dollar contract to supply satellite communication equipment to a system integrator for a customer in Asia. The deal leverages Gilat's SkyEdge II-c platform and Capricorn VSATs to enhance defense forces' tactical SATCOM capabilities, especially for emergency response and C4I needs. The deployment includes multiple hubs and numerous VSATs in redundant configurations to meet security and regulatory standards. Gilat aims to expand its presence in the defense sector and other markets like education and oil & gas.
- Award of a multi-million-dollar contract enhances Gilat's market position.
- Deployment of advanced satellite communication technology for defense applications.
- Strategic move to penetrate additional markets such as education and banking.
- None.
PETAH TIKVA, Israel, July 07, 2021 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today an award of a multi-million-dollar contract to provide satellite communication (SATCOM) equipment to a large system integrator for its customer in Asia.
Gilat's renowned multi-application platform, SkyEdge II-c, Capricorn VSATs and TotalNMS will serve the needs of the defense forces to provide tactical SATCOM solutions for mobile platforms and enable efficient communication channels during emergency and disaster response besides the critical C4I needs. Multiple hubs and hundreds of VSATs will be deployed in redundant configurations to meet the critical security needs, as well as the high quality and key regulatory requirements.
"Gilat was chosen to answer the defense needs due to Gilat's superior technology, highly secure solution, proven global track record and commitment to the local market," said Vinod Kaul, General Manager South Asia at Gilat. "Together with the local partners we see a large potential for our technology in additional Defense projects, as well as other segments such as Education, Banking, Oil & Gas and IFC."
"We are proud that Gilat's SkyEdge II-c platform answers the most stringent requirements and thus provides the technological capability to enable realizing today's demand of digital warfare, wherever and whenever digital information is required," said Res. BG. Eyal Zelinger, Gilat’s Vice President of Defense. "This contract is an additional significant step in implementing Gilat's strategy in the global Defense 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, 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, Senior 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/64f7dcfe-30d1-4d3a-96a1-02bb22519d3f
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