Gilat Awarded Over $9M for its GEO and NGSO Satellite Communications Solutions
Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured over $9 million in cumulative orders from multiple satellite operators to expand their global SATCOM networks. The company's innovative solutions will be utilized for various services across GEO and NGSO satellites, including in-flight connectivity, maritime mobility, cellular backhaul, and enterprise services.
Hagay Katz, Chief Product and Marketing Officer at Gilat, emphasized that these orders reinforce the company's position in the new space era industry. He highlighted Gilat's commitment to innovation and reliability, enabling them to deliver cutting-edge solutions that address the growing demands and challenges of the satellite communications industry.
Gilat Satellite Networks (NASDAQ, TASE: GILT) ha ottenuto oltre 9 milioni di dollari in ordini cumulativi da diversi operatori satellitari per espandere le loro reti SATCOM globali. Le soluzioni innovative dell'azienda saranno utilizzate per vari servizi tramite satelliti GEO e NGSO, tra cui connettività in volo, mobilità marittima, riporti cellulari e servizi aziendali.
Hagay Katz, Direttore Prodotti e Marketing di Gilat, ha sottolineato che questi ordini rafforzano la posizione dell'azienda nel settore dell'era spaziale. Ha evidenziato l'impegno di Gilat per l'innovazione e l'affidabilità, permettendo loro di fornire soluzioni all'avanguardia in grado di affrontare le crescenti richieste e sfide dell'industria delle comunicazioni satellitari.
Gilat Satellite Networks (NASDAQ, TASE: GILT) ha asegurado más de 9 millones de dólares en pedidos acumulados de varios operadores de satélites para expandir sus redes SATCOM globales. Las soluciones innovadoras de la compañía se utilizarán para diversos servicios a través de satélites GEO y NGSO, incluyendo conectividad en vuelo, movilidad marítima, backhaul celular y servicios empresariales.
Hagay Katz, Director de Productos y Marketing en Gilat, enfatizó que estos pedidos refuerzan la posición de la compañía en la nueva era espacial. Destacó el compromiso de Gilat con la innovación y la confiabilidad, lo que les permite ofrecer soluciones de vanguardia que abordan las crecientes demandas y desafíos de la industria de las comunicaciones por satélite.
길랏 위성 네트워크(NASDAQ, TASE: GILT)는 여러 위성 운영자로부터 900만 달러 이상의 누적 주문을 확보하여 글로벌 SATCOM 네트워크를 확장하게 되었습니다. 회사의 혁신적인 솔루션은 GEO 및 NGSO 위성을 통해 비행 중 연결, 해상 이동성, 모바일 백홀 및 기업 서비스 등 다양한 서비스에 활용될 것입니다.
길랏의 최고 제품 및 마케팅 책임자인 하가이 카츠는 이러한 주문이 새로운 우주 시대 산업에서 회사의 입지를 강화한다고 강조했습니다. 그는 길랏의 혁신과 신뢰성에 대한 헌신을 강조하며, 위성 통신 산업의 증가하는 요구와 도전에 대응할 수 있는 최첨단 솔루션을 제공할 수 있도록 한다고 말했습니다.
Gilat Satellite Networks (NASDAQ, TASE: GILT) a sécurisé plus de 9 millions de dollars de commandes cumulées auprès de plusieurs opérateurs de satellites pour étendre leurs réseaux SATCOM mondiaux. Les solutions innovantes de l'entreprise seront utilisées pour divers services via des satellites GEO et NGSO, notamment connectivité en vol, mobilité maritime, retour cellulaire et services aux entreprises.
Hagay Katz, directeur des produits et du marketing chez Gilat, a souligné que ces commandes renforcent la position de l'entreprise dans le secteur de la nouvelle ère spatiale. Il a mis en avant l'engagement de Gilat envers l'innovation et la fiabilité, ce qui leur permet de fournir des solutions de pointe répondant aux demandes et défis croissants de l'industrie des communications par satellite.
Gilat Satellite Networks (NASDAQ, TASE: GILT) hat Aufträge im Wert von über 9 Millionen Dollar von mehreren Satellitenbetreibern gesichert, um ihre globalen SATCOM-Netzwerke auszubauen. Die innovativen Lösungen des Unternehmens werden für verschiedene Dienstleistungen über GEO- und NGSO-Satelliten genutzt, darunter Flugverbindung, maritime Mobilität, Mobilfunk-Backhaul und Unternehmensdienstleistungen.
Hagay Katz, Chief Product and Marketing Officer bei Gilat, betonte, dass diese Aufträge die Position des Unternehmens in der neuen Raumfahrtindustrie stärken. Er hob das Engagement von Gilat für Innovation und Zuverlässigkeit hervor, das es ihnen ermöglicht, fortschrittliche Lösungen bereitzustellen, die den wachsenden Anforderungen und Herausforderungen der Satellitenkommunikationsbranche gerecht werden.
- Secured over $9 million in new orders from multiple satellite operators
- Expanding presence in both GEO and NGSO satellite markets
- Diversified application portfolio including in-flight connectivity, maritime mobility, and cellular backhaul
- None.
Insights
Gilat's recent $9M award is a significant validation of its technology and solutions in the satellite communications (SATCOM) industry. The dual mention of GEO (Geostationary Earth Orbit) and NGSO (Non-Geostationary Satellite Orbit) technologies is noteworthy. GEO satellites are positioned in a fixed spot relative to the Earth, ideal for stable communication links. Meanwhile, NGSO satellites orbit at lower altitudes, offering lower latency and higher speeds but requiring more complex network management. Gilat’s ability to provide solutions for both indicates a robust technology stack. This capability is important as the SATCOM industry is shifting towards a multi-orbit approach to optimize coverage and performance.
From a market perspective, Gilat's acquisition of over $9M in orders signals strong demand for its SATCOM solutions across various applications such as in-flight connectivity, maritime mobility and cellular backhaul. These are high-growth segments within the satellite communications market, driven by increasing demand for reliable and high-speed internet in remote and mobile environments. This deal positions Gilat favorably in a competitive market, potentially leading to more contracts and revenue growth. Investors should note that sustained growth in these areas can positively impact Gilat's market share and profitability.
The announced cumulative orders totalling $9M will likely have a positive impact on Gilat's financials. While $9M might seem modest in isolation, it signifies continual trust and expansion of Gilat's client base. This recurring revenue stream enhances the company's financial stability and can be a foretelling sign of future contracts. Investors should keep an eye on the incremental revenue from these orders and any subsequent financial reports to gauge the overall impact on year-on-year growth.
Gilat's cutting-edge technologies support growth in global multi-orbit SATCOM Networks
PETAH TIKVA, Israel, July 23, 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
Gilat’s solutions will be used to enable a wide range of services and applications over GEO and NGSO, including in-flight connectivity, maritime mobility, cellular backhaul, and enterprise services and more.
"These orders reinforce our position at the forefront of the new space era industry, as satellite operators rely more and more on Gilat to meet the complex demands of multi-orbit operation,” said Hagay Katz, Chief Product and Marketing Officer at Gilat. “This achievement underscores our commitment to innovation and reliability, enabling us to deliver cutting-edge solutions that address the massive growth and evolving challenges of the satellite communications industry.”
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: https://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 value of the recent orders received by Gilat Satellite Networks (GILT)?
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