PETAH TIKVA, Israel, March 17, 2015 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq:GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that the SkyEdge II-c High-Throughput Satellite (HTS) Multi-Spot Beam network previously announced on December 22, 2014, went live successfully at JCP, the Brazilian telecommunications subsidiary of Florida-based BRASTRADING, Inc. With its new network, JCP is making Ka-band broadband services available to consumers, enterprise, and the maritime and aviation mobility markets.
"Our VSAT platform is live, serving our initial customers over our KA band service package on the EUTELSAT E3b satellite and is operating perfectly," announced Wagner Moura, CEO of JCP and President of BRASTRADING, Inc. "We believe there is a large opportunity for Ka-band in Latin America, to extend Wi-Fi, LTE over IP, and for content distribution. A major operator recently spent $2 billion to connect one million people via a fiber optic network. By using our satellite network, they could connect the next million people, at one third the price and in a fraction of the time."
JCP is the Brazilian telecommunications subsidiary of Florida-based BRASTRADING, Inc. BRASTRADING is an engineering and infrastructure company providing telecommunications services and equipment to diverse entities around the world. BRASTRADING is the exclusive leaseholder of the Eutelsat E3B KA bandwidth service package, extending KA coverage to all of Brazil. With more than 17 years of experience in strategic distribution services, BRASTRADING's understanding of world markets is unparalleled. Whether dealing with companies in South America, Europe, Asia, the United States or anywhere else on the globe, BRASTRADING is leader in the supply chain industry.
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 90 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.
Gilat is a company under the control of the FIMI Private Equity Funds.
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 firstname.lastname@example.org Thomas Mei, Account Executive (212) 896-1208 email@example.com
Source:Gilat Satellite Networks Ltd.