SES and Gilat Extend Global Strategic Cooperation with Orders for GEO VHTS and O3b mPOWER NGSO Constellation
Gilat Satellite Networks Ltd. (Nasdaq: GILT) announced multimillion-dollar orders from SES, expanding their strategic cooperation in satellite communications. These follow-on orders leverage Gilat's SkyEdge IV platform for SES's O3b mPOWER and SES-17 satellite systems, enhancing reach in maritime mobility, cellular backhaul, and fixed data. The partnership aims to meet the growing global demand for satellite services. Gilat emphasizes its commitment to innovation and comprehensive solutions across various sectors.
- Awarded multimillion-dollar orders from SES.
- Expansion of strategic partnership with SES enhances business reach.
- Utilization of innovative technology with SkyEdge IV platform.
- Increased operational capabilities in multiple verticals.
- None.
Global business opportunities materialized with SkyEdge IV, Gilat's multi-service, multi-orbit platform
PETAH TIKVA, Israel, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company was awarded multimillion-dollar orders from SES as the companies extend global strategic cooperation. SES, in cooperation with Gilat, is expanding its SATCOM business reach utilizing Gilat’s SkyEdge IV multi-orbit, multi-service capabilities.
These activities represent follow-on orders stemming from the strategic partnership formed with the selection of Gilat’s SkyEdge IV platform for SES’s second-generation medium earth orbit satellite system, O3b mPOWER, and for SES’s geostationary very high throughput satellite (VHTS), SES-17. SkyEdge IV is a key enabler to such business as it operates simultaneously on both GEO and the MEO constellation.
With these new orders, the companies are increasing their reach across multiple verticals, including maritime mobility, cellular backhaul, and fixed data. This increased reach is enabled with the deployment of the SkyEdge IV platform at additional gateways worldwide.
"We are proud to provide SES with SkyEdge IV, Gilat's most advanced technological platform to support its growing multi-orbit business objectives," said Amir Yafe, VP of Mobility & Global Accounts at Gilat. “Working together as strategic partners, we’re able to take an active role in addressing the growing demand for satellite communications services all over the world for both fixed and mobility applications.”
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. 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, Senior Director Corporate Communications
DoreetO@gilat.com
GK Investor and Public Relations
Ehud Helft, Managing Partner
ehud@gkir.com
FAQ
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