Gilat Equips Hundreds of Boats, Vessels and Cruise Ships with Satellite Communication
Gilat Satellite Networks Ltd. (NASDAQ: GILT) has been selected to equip hundreds of maritime vessels in Asia with its advanced satellite communication technology. The deployment includes Gilat's modems and transceivers integrated with maritime terminals, delivering broadband internet through a reliable network powered by China Satcom's HTS Ka-band system. This achievement reinforces Gilat's position in the maritime sector, as demand is expected to rise post-pandemic. The company aims to capitalize on new opportunities as the maritime market recovers.
- Selected to equip hundreds of vessels with satellite communication technology.
- Integration of modems and transceivers enhances broadband delivery.
- Strengthens Gilat's position in the maritime market.
- Expected recovery in maritime market post-pandemic, presenting growth opportunities.
- None.
Gilat's modems and transceivers successfully deployed on maritime vessels in Asia
PETAH TIKVA, Israel, Dec. 14, 2020 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announces that Gilat was selected to equip hundreds of boats, vessels and cruise ships with satellite communication. Gilat's modems and transceivers successfully deployed on maritime vessels in Asia.
Broadband internet is delivered via maritime terminals that are fully integrated with Gilat's VSATs and 4W transceivers. An excellent user experience is achieved with Gilat's SkyEdge II-c X-Architecture operating over China Satcom's HTS Ka-band network (ChinaSat-16) providing multiple switchovers between the satellite beams.
"This win further solidifies Gilat’s position as a major provider for the maritime market," said Yuval Ayalon, Head of Maritime and Land Mobility at Gilat. "As the world is seeing the light at the end of the tunnel of the pandemic, we expect the maritime market to pick-up and for Gilat to materialize additional opportunities."
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/a7187b02-de26-4e7e-a9fc-a2563abdf7b6
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