PETAH TIKVA, Israel, Dec. 22, 2014 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq:GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that a Telecommunications Service Provider (TSP) in Latin America selected Gilat's High-Throughput Satellite (HTS) Multi-Spot Beam solution to provide Ka-band broadband services.
The TSP, which recently acquired five spot beams totaling 2.3 GHz of capacity, intends to use its new HTS network to provide high-speed Internet service for multiple applications such as consumer, enterprise, mobility and airborne.
According to the terms of the agreement, Gilat will provide a SkyEdge II-c hub with multiple network segments, VSAT terminals and related equipment. Additionally, Gilat will provide cloud-based Network Operation Center (NOC) management services. Roll-out of this project commenced earlier this quarter.
"Winning this bid bears testimony to the fact that our technology supports multiple applications over the same platform very effectively," stated Russell Ribeiro, Gilat's Regional Vice President in Latin America. "We believe that our strong local presence and support, combined with our knowledge and experience in network management, will provide our partner with a strong competitive advantage over the long term."
Gilat Satellite Networks Ltd (Nasdaq:GILT) (TASE:GILT) is a leading provider of products and services for satellite-based broadband communications. Gilat develops and markets a wide range of high-performance satellite ground segment equipment and VSATs, with an increasing focus on the consumer and Ka-band market. In addition, Gilat enables mobile SOTM (Satellite-on-the-Move) solutions providing low-profile antennas, next generation solid-state power amplifiers and modems. Gilat also provides managed network and satellite-based services for rural telephony and Internet access via its subsidiaries in Peru and Colombia.
With over 25 years of experience, and over a million products shipped to more than 85 countries, Gilat has provided enterprises, service providers and operators with efficient and reliable satellite-based connectivity solutions, including cellular backhaul, banking, retail, e-government and rural communication networks. Gilat also enables leading defense, public security and news organizations to implement advanced, on-the-move tactical communications on board their land, air and sea fleets using Gilat's high-performance SOTM solutions. For more information, please visit us at 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. 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.
CONTACT: Gilat Satellite Networks Joelle Inowlocki JoelleI@gilat.com KCSA Strategic Communications Phil Carlson, Vice President (212) 896-1233 email@example.com Thomas Mei, Account Executive (212) 896-1208 firstname.lastname@example.org
Source:Gilat Satellite Networks Ltd.