CRRC, the World’s Largest Railway Transportation Supplier, Selects Gilat to Bring Satellite Connectivity to All Its Trains,...
19 November 2015 - 11:34PM
Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), a
worldwide leader in satellite networking technology, solutions and
services, announced today that China Railway Rolling Stock
Corporation Ltd. (CRRC), the world’s largest railway transportation
supplier and Gilat have agreed on a long-term strategic
partnership, to jointly drive the development of satellite
communications and managed services, and provide the best-in-class
service in the global railway transportation sector. The vision of
the cooperation is to bring communication connectivity to every
train powered by CRRC technology around the world.
This agreement brings together CRRC's leading
rail transit equipment technology and manufacturing capabilities
with Gilat’s advanced satcom on-the-move technology and its rich
expertise in deploying and managing satellite networks globally, in
over 90 countries.
The companies will develop a solution that will
provide passengers on CRRC high-speed trains with on-the-move
satellite-based broadband internet access. The solution will also
enable CRRC to monitor and perform maintenance services via
satellite on trains wherever they are in the world, in real time
via a cloud-based network operations center (NOC). Today, satellite
technology is the only way to bring such connectivity to high-speed
trains on a worldwide basis in a seamless way.
“We chose Gilat for its technological edge in
satcom on-the-move, its international expertise, and the
recognition that it already has in China,” said Mr. Sun Yingcai,
Vice President at CRRC. “Gilat demonstrated a thorough
understanding of our needs and a proven ability to deliver satcom
mobility networks on the global scale that we require.”
“Gilat's previously announced agreements in
China already see us providing fixed and mobility satcom services,
including airborne, maritime and land connectivity. Now, this new
partnership with CRRC extends our relationship with a Chinese
partner for a global reach. Gilat will enable high performance
satcom on high-speed trains worldwide based on our cutting-edge
technology and experience in managed services,” explained Moshe
(Chico) Tamir, VP of Gilat Satellite Networks’ Strategic
Initiatives Division.
He continued: “Gilat is perfectly placed to work
together with CRRC on a project of this scale and ambition. We are
delighted with this agreement and we look forward to partnering
with CRRC".
About CRRC Corporation Limited
CRRC Corporation Limited is the Chinese
state-owned rolling-stock manufacturer and the world’s largest
supplier of rail transit equipment with the most complete product
lines and leading technologies. The Corporation was formed in June
2015 with the merger of China CNR Corporation and CSR Corporation
Limited.
CRRC’s main businesses cover the R&D,
design, manufacture, repair, sale, lease and technical services for
railway rolling stock, EMUs, urban rail transit vehicles,
engineering machinery, all types of electrical equipment,
electronic equipment and parts, electric products and environmental
protection equipment, consulting services, industrial investment
and management, asset management, import and export.
It has built the world leading rail transit
equipment technology platform and manufacturing base. Its
high-speed EMUs, high-power locomotives, railway wagons, urban rail
vehicles and other typical products, which have fully reached world
advanced level, can adapt to various complex geographical
environments and meet diverse market needs. The high-speed EMU
products manufactured by the CRRC have become an important business
card to show China's development achievements to the world. Its
products have been exported to around 100 countries and regions in
6 continents. The export of products has also been changing to
export of technologies, output of capital goods, and global
business transformation.
It has 175,000 employees and has its
headquarters in Beijing. www.crrcgc.cc/g5050.aspx
About Gilat
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
controlling shareholders are 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.
Gilat Satellite Networks
Joelle Inowlocki
JoelleI@gilat.com
KCSA Strategic Communications
Phil Carlson, Vice President
(212) 896-1233
pcarlson@kcsa.com
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