Gilat Awarded Over $13M in Additional Orders from Satellite Operators for its World Leading SkyEdge IV and SkyEdge II-c Platforms
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The recent orders totaling over $13M for Gilat Satellite Networks represent a significant investment in satellite communications infrastructure. This expansion indicates a growing demand in the SATCOM industry for enhanced connectivity solutions. As satellite operators look to scale their services, Gilat's SkyEdge IV platform offers a versatile solution compatible with Very High Throughput Satellites (VHTS) and Non-Geostationary Satellite Orbit (NGSO) systems. The backward compatibility with SkyEdge II-c modems is a strategic move that allows for a seamless upgrade path, minimizing the need for new investments in user equipment for existing customers.
From an industry perspective, the ability to support a smooth transition to Cloud and 5G Non-Terrestrial Networks (NTN) positions Gilat as a forward-thinking player in the SATCOM market. This is particularly relevant as the global push for 5G rollouts continues. The integration of satellite networks with terrestrial 5G infrastructure is expected to be a critical component in achieving ubiquitous coverage, especially in remote and underserved areas.
With Gilat Satellite Networks securing over $13M in orders, this financial influx is a testament to the company's robust business model and the strategic partnerships it has cultivated. For investors, this news is an indicator of Gilat's competitive position and its ability to capture market share in the growing SATCOM sector. The company's emphasis on multi-orbit and multi-service capabilities reflects a diversification strategy that can potentially lead to a more stable revenue stream.
Long-term, the investment in SkyEdge IV technology may lead to increased operational efficiency and cost savings for satellite operators, which in turn could result in higher margins for Gilat. The focus on backward compatibility also suggests a customer-centric approach that could lead to higher retention rates and recurring revenue from existing clients.
The expansion of Gilat's SATCOM networks through the SkyEdge IV platform aligns with broader industry trends, where there is a rising demand for in-flight connectivity, maritime mobility and cellular backhaul services. The ability to provide fixed data services to a growing user base also reflects a market shift towards higher data consumption patterns globally. Gilat's positioning to meet these demands speaks to their understanding of market needs and customer preferences.
Furthermore, the emphasis on multi-orbit, multi-service capabilities indicates Gilat's readiness to cater to a diverse set of applications and environments. This adaptability is important in a market where end-users require consistent and reliable connectivity across various platforms and geographies. The continued partnership with key satellite operators underlines the trust and reliability of Gilat's solutions in a competitive landscape.
SkyEdge platforms are key enablers of in-flight connectivity, maritime mobility, cellular backhaul, and fixed data services globally
PETAH TIKVA, Israel, April 01, 2024 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company was awarded over
These activities represent continuing orders resulting from the strategic partnerships forged with the selection of Gilat’s SkyEdge platforms by key satellite operators. SkyEdge platforms play a pivotal role in enabling in-flight connectivity, maritime mobility, cellular backhaul, and fixed data services.
“We are seeing increasing demand for Gilat’s SkyEdge platforms as satellite operators are expanding their networks as well as delivering a wider range of applications to a growing number of users,” said Hagay Katz, Chief Product and Marketing Officer at Gilat. “With SkyEdge IV, satellite operators have the ability to scale up easily based on VHTS and NGSO real-time capacity needs, benefit from the backward compatibility with SkyEdge II-c modems and enjoy the smoothest future transition to Cloud and 5G NTN.”
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we create and deliver deep technology solutions for satellite, ground, and new space connectivity and provide comprehensive, secure end-to-end solutions and services for mission-critical operations, powered by our innovative technology. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world.
Our portfolio includes a diverse offering to deliver high-value solutions for multiple orbit constellations with very high throughput satellites (VHTS) and software-defined satellites (SDS). Our offering is comprised of a cloud-based platform and high-performance satellite terminals; high-performance Satellite On-the-Move (SOTM) antennas; highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC) and includes integrated ground systems for commercial and defense, field services, network management software, and cybersecurity services.
Gilat’s comprehensive offering supports multiple applications with a full portfolio of products and tailored solutions to address key applications including broadband access, mobility, cellular backhaul, enterprise, defense, aerospace, broadcast, government, and critical infrastructure clients all while meeting the most stringent service level requirements. 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, including those related to the current terrorist attacks by Hamas, and the war and hostilities between Israel and Hamas and Israel and Hezbollah. 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
Hagay Katz, Chief Products and Marketing Officer
hagayk@gilat.com
EK Global IR
Ehud Helft, Managing Partner
ehud@ekgir.com
FAQ
What is the significance of the $13M orders received by Gilat Satellite Networks ?
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