Gilat Receives Over $5M for Cellular Backhaul Expansion from Tier-1 Mobile Network Carrier in Japan

Rhea-AI Summary

Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced a significant contract worth over $5M with a Tier-1 Mobile Network Carrier in Japan for cellular backhaul expansion via its SkyEdge II-c platform. The project aims to enhance coverage in rural areas lacking fiber access and improve emergency response capabilities during natural disasters. The carrier's aggressive deployment schedule highlights the demand for Gilat's technology, which is already benefiting other major operators in Japan and globally.

Positive

• Secured over $5M contract for cellular backhaul expansion.
• Utilization of advanced SkyEdge II-c platform for service enhancement.
• Addresses rural connectivity and emergency response in disaster-prone areas.

Negative

• None.

PETAH TIKVA, Israel, April 22, 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 over $5M for cellular backhaul over satellite expansion from Tier-1 Mobile Network Carrier in Japan.

The Mobile Carrier will utilize Gilat's SkyEdge II-c platform to quickly expand coverage to rural zones that are lacking fiber access, as well as to provide emergency response in the case of earthquakes or other natural disasters. An aggressive deployment schedule was put in place to fulfil the carrier's requirements.

"The leading Mobile Carrier, required Gilat's proven cellular backhaul solution to meet its aggressive deployment schedule and to meet interoperability standards," said Abhay Kumar, Regional Vice President, APJ at Gilat. "This win adds on to other Japanese and worldwide Tier-1 operators who are benefitting from Gilat's leading cellular backhaul technology, with a joint vision of delivering connectivity to people in the most remote regions, as well as to providing the essential emergency response readiness in a disaster-prone country such as Japan."

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

FAQ

What is the recent contract obtained by Gilat Satellite Networks?

Gilat Satellite Networks secured a contract worth over $5M for cellular backhaul expansion with a Tier-1 Mobile Network Carrier in Japan.

How will Gilat's technology be used in Japan?

Gilat's SkyEdge II-c platform will be used to expand coverage in rural areas and enhance emergency response capabilities during natural disasters.

What does Gilat's recent announcement mean for its market position?

The contract signifies strong demand for Gilat's technology and reinforces its position as a leader in satellite networking solutions.

What are the implications of the contract for Gilat's future projects?

This contract may lead to further collaborations with Tier-1 operators, enhancing Gilat's growth and expanding its market presence.