Gilat Awarded Approximately $20 Million in Contract Renewal and Extension from Tier-1 MNO in the USA
01 November 2023 - 10:04PM
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a
worldwide leader in satellite networking technology, solutions, and
services, announced today that it was awarded a renewal and
extension contract of approximately $20 million from a Tier-1 MNO
in the United States. In a multi-year agreement, Gilat is
continuing as the end-to-end managed services provider of
satellite-based cellular backhaul and emergency response for this
long-term leading customer.
Gilat is the leading global 4G cellular backhaul over satellite
solution provider demonstrating unparalleled capabilities in
technology, delivery, and operation. Furthermore, Gilat’s superior
technology enables a smooth transition to 5G as well as to next
generation multi-orbit constellations and VHTS satellites.
“This significant contract renewal and extension follows a
strong track-record with the Tier-1 MNO, and it is a testament to
Gilat’s proven ability to provide the desired user experience with
its renowned SkyEdge II-c platform, while consistently and
professionally delivering on day-to-day operational needs,” said
Yossi Gal, Vice President of Regional Sales at Gilat. “With proven
expertise, a can-do attitude, and a winning global team, we
endeavor to bring real value to our partners as we work together to
provide innovative communication solutions to all reaches of the
world.”
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 end-to-end solutions and
services, 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.
Delivering high value solutions, our portfolio is comprised of a
cloud-based platform and high performance satellite terminals
designed to work in harmony with satellite constellations,
including Very High Throughput Satellites (VHTS) and
Software-Defined Satellites (SDS) in multiple orbits; high
performance Satellite On-the-Move (SOTM) antennas; and highly
efficient, high-power Solid State Power 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, mobility, cellular backhaul, military,
government, and enterprise, 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 NetworksDoreet Oren,
Senior Director Corporate CommunicationsDoreetO@gilat.com
EK Global IREhud Helft, Managing Partnerehud@ekgir.com
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