Gilat Secures Over $12 Million Orders for SkyEdge Platforms from Leading Satellite Operator
Gilat Satellite Networks (NASDAQ, TASE: GILT) has secured over $12 million in orders from a leading satellite operator to expand their global SATCOM network using Gilat's SkyEdge Family of VSAT Platforms. The deal is expected to be delivered within the next 12 months and offers significant future revenue prospects. The operator is utilizing Gilat's flexible architecture to ensure robust communications across diverse orbital assets.
Hagay Katz, Chief Product and Marketing Officer at Gilat, expressed enthusiasm about broadening collaboration with this key customer, highlighting the trust in Gilat's solutions. The company continues to innovate and enhance its SkyEdge platforms, providing satellite operators with functionality, scalability, and future-proof solutions.
Gilat Satellite Networks (NASDAQ, TASE: GILT) ha ottenuto oltre 12 milioni di dollari in ordini da un importante operatore satellitare per espandere la loro rete globale SATCOM utilizzando la SkyEdge Family di piattaforme VSAT di Gilat. L'accordo è previsto per essere consegnato entro i prossimi 12 mesi e offre significative prospettive di entrate future. L'operatore sta utilizzando l'architettura flessibile di Gilat per garantire comunicazioni robuste attraverso diversi asset orbitali.
Hagay Katz, Chief Product and Marketing Officer di Gilat, ha espresso entusiasmo riguardo l'ampliamento della collaborazione con questo cliente chiave, sottolineando la fiducia nelle soluzioni di Gilat. L'azienda continua a innovare e migliorare le sue piattaforme SkyEdge, fornendo agli operatori satellitari funzionalità, scalabilità e soluzioni pronte per il futuro.
Gilat Satellite Networks (NASDAQ, TASE: GILT) ha asegurado más de 12 millones de dólares en pedidos de un operador satelital líder para expandir su red SATCOM global utilizando la SkyEdge Family de plataformas VSAT de Gilat. Se espera que el acuerdo se entregue en los próximos 12 meses y ofrece perspectivas significativas de ingresos futuros. El operador está utilizando la arquitectura flexible de Gilat para garantizar comunicaciones robustas a través de diversos activos orbitales.
Hagay Katz, Director de Producto y Marketing de Gilat, expresó entusiasmo por ampliar la colaboración con este cliente clave, destacando la confianza en las soluciones de Gilat. La empresa continúa innovando y mejorando sus plataformas SkyEdge, proporcionando a los operadores satelitales funcionalidad, escalabilidad y soluciones a prueba de futuro.
Gilat 위성 네트웍스 (NASDAQ, TASE: GILT)는 주요 위성 운영자로부터 1,200만 달러 이상의 주문을 확보하여 Gilat의 SkyEdge VSAT 플랫폼 패밀리를 사용하여 전 세계 SATCOM 네트워크를 확장하기로 했습니다. 이번 계약은 향후 12개월 이내에 납품될 예정이며, 상당한 미래 수익 전망을 제공합니다. 이 운영자는 다양한 궤도 자산 간의 강력한 통신을 보장하기 위해 Gilat의 유연한 아키텍처를 활용하고 있습니다.
Gilat의 제품 및 마케팅 책임자 Hagay Katz는 이 주요 고객과의 협업 확대에 대한 열정을 표명하며 Gilat 솔루션에 대한 신뢰를 강조했습니다. 회사는 계속해서 혁신하고 SkyEdge 플랫폼을 향상시켜 위성 운영자에게 기능성, 확장성 및 미래 지향적인 솔루션을 제공하고 있습니다.
Gilat Satellite Networks (NASDAQ, TASE: GILT) a sécurisé plus de 12 millions de dollars de commandes d'un opérateur satellitaire majeur pour étendre son réseau SATCOM mondial en utilisant la Famille SkyEdge de plateformes VSAT de Gilat. L'accord devrait être livré dans les 12 prochains mois et offre d'importantes perspectives de revenus futurs. L'opérateur utilise l'architecture flexible de Gilat pour garantir des communications robustes à travers divers actifs orbitaux.
Hagay Katz, directeur des produits et du marketing chez Gilat, a exprimé son enthousiasme pour élargir la collaboration avec ce client clé, soulignant la confiance dans les solutions de Gilat. L'entreprise continue d'innover et d'améliorer ses plates-formes SkyEdge, offrant aux opérateurs satellites fonctionnalité, évolutivité et solutions pérennes.
Gilat Satellite Networks (NASDAQ, TASE: GILT) hat über 12 Millionen Dollar an Aufträgen von einem führenden Satellitenbetreiber gesichert, um deren globale SATCOM-Netzwerk mit der SkyEdge-Familie von VSAT-Plattformen von Gilat auszubauen. Der Deal soll innerhalb der nächsten 12 Monate geliefert werden und bietet erhebliche zukünftige Einnahmechancen. Der Betreiber nutzt die flexible Architektur von Gilat, um robuste Kommunikationen über verschiedene orbital Assets zu gewährleisten.
Hagay Katz, Chief Product and Marketing Officer von Gilat, äußerte seine Begeisterung über die erweiterte Zusammenarbeit mit diesem wichtigen Kunden und hob das Vertrauen in die Lösungen von Gilat hervor. Das Unternehmen innoviert und verbessert weiterhin seine SkyEdge-Plattformen und bietet Satellitenbetreibern Funktionalität, Skalierbarkeit und zukunftssichere Lösungen.
- Secured over $12 million in new orders
- Expected delivery within 12 months
- Expansion offers significant future revenue prospects
- Strengthens relationship with a leading satellite operator
- Demonstrates trust in Gilat's SkyEdge platform solutions
- None.
Insights
The $12 million order for Gilat's SkyEdge platforms represents a significant win for the company. This deal not only boosts Gilat's short-term revenue but also strengthens its market position in the satellite communications sector. The expected delivery within the next 12 months suggests a positive impact on near-term financial performance.
Moreover, the mention of "significant future revenue prospects" indicates potential for long-term growth. This could translate into improved investor confidence and possibly higher stock valuations. However, investors should note that the satellite industry can be volatile and future performance will depend on Gilat's ability to maintain its competitive edge and secure similar deals consistently.
Gilat's SkyEdge platforms showcase the company's technological prowess in the satellite communications field. The flexible architecture mentioned allows for seamless integration across diverse orbital assets, which is important in today's complex satellite networks. This adaptability could give Gilat a competitive advantage in securing future contracts.
The expansion into new markets and regions indicates that Gilat's technology is scalable and versatile. This is particularly important as the satellite industry evolves with the introduction of new constellations and services. Gilat's ability to provide "future-proof solutions" suggests they are well-positioned to adapt to industry changes and maintain their market leadership.
This deal signifies growing demand in the satellite communications market, particularly for advanced VSAT platforms. The fact that a leading satellite operator is expanding its network using Gilat's technology suggests a positive industry outlook. This could indicate potential growth opportunities for other players in the satellite communications sector as well.
The expansion across new markets and regions also points to increasing global adoption of satellite communication technologies. This trend could be driven by factors such as the need for connectivity in remote areas or the growing demand for backup communication systems. Investors should monitor these market dynamics as they could impact the entire satellite industry ecosystem.
Gilat's SkyEdge IV and SkyEdge II-c Platforms are expanding across new markets and regions, strengthening global satellite communications leadership
PETAH TIKVA, Israel, Sept. 05, 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
This strategic expansion provides significant future revenue prospects. The operator is utilizing Gilat’s flexible architecture to ensure robust and seamless communications across diverse orbital assets.
“We are thrilled to broaden our collaboration with this key customer, which underscores our dedication to advancing satellite communications technology and reflects the high level of trust our customers have in our solutions.” said Hagay Katz, Chief Product and Marketing Officer at Gilat. “We are continuously pushing the boundaries of innovation to enhance the capabilities of our cutting-edge SkyEdge platforms and are dedicated to providing satellite operators with the functionality, scalability and future-proof solutions that they require.”
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: http://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 value of the new orders Gilat Satellite Networks (GILT) has received?
When is Gilat expected to deliver on these new orders?
Which Gilat products are being used in this expansion?
How does this deal impact Gilat's future prospects?
