Gilat Wins Over $7 Million Order from Tier 1 Mobile Network Operator in APAC for 4G Cellular Backhaul Network Expansion
PETAH TIKVA, Israel, July 14 2022 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a global leader in satellite networking technology, solutions and services, today announced that it has received an order in excess of $7 million from a Tier 1 mobile network in the Asia-Pacific (APAC) region for the expansion of the 4G cellular backhaul network.
Gilat’s SkyEdge II-c Capricorn VSATs will be used for satellite cellular backhaul, further propelling the growth of the mobile operator’s 4G/LTE network in rural areas without fiber access.
“By enabling rapid and cost-effective network expansion, Gilat is helping this innovative mobile operator serve a growing customer base and establish an enviable position in the industry,” said Michal Aharonov, chief commercial officer of Gilat. “This follow-up order represents an important vote of confidence and another testament to the quality and effectiveness of our satellite cellular backhaul solution.”
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is one of the world’s leading providers of broadband satellite communications. With 30 years of experience, we design and manufacture state-of-the-art ground segment equipment, and provide complete solutions and end-to-end services, powered by our innovative technology. Providing competitive high value-added solutions, our portfolio includes cloud-based VSAT network platform, broadband modems, high performance mobile antennas and solid-state amplifiers (SSPAs) and block up-converters (BUC) with high efficiency and high power.
Gilat’s end-to-end solutions support multiple applications with a comprehensive product portfolio to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense and public safety, 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 Gilat’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, among other things, the risks associated with the epidemic and the global crisis. spread of the coronavirus (COVID-19) pandemic; changes in general economic and business conditions, failure to maintain market acceptance of Gilat’s products, failure to develop and introduce new technologies, products and applications in a timely manner, rapid changes in the market for Gilat’s products, loss market share and pricing pressure 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 to retain qualified personnel, the inability to protect the Company’s proprietary technology and the risks associated with Gilat’s international operations and location in Israel. For further 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 of Corporate Communications
DoreetO@gilat.com
GK Investor and Public Relations
Ehud Helft, Managing Partner
ehud@gkir.com
