Gilat Extends Multi-Million Dollar IoT Project in Latin America
26 May 2021 - 9:06PM
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a
worldwide leader in satellite networking technology, solutions and
services, announced today the extension of its multi-million dollar
IoT project in Latin America. Tier-1 MNO extends coverage of
Gilat's cellular backhaul solution as it expands its Agriculture
IoT network.
The Agribusiness IoT market addresses a critical
need to better provide communication between the field and the
office. Gilat provides the 4G network expansion to support the
growing business with connectivity of machines that require
real-time control and monitoring of harvesters and agricultural
tractors. This ensures cost-effective decisions, better crop
management and greater speed, efficiency and productivity in the
production flow.
"Gilat's leading 4G cellular backhaul solution
supports applications such as the exciting IoT market,” said Michal
Aharonov, Senior Vice President Global Broadband Networks at Gilat.
"We are proud to further solidify our partner's IoT Agribusiness
network delivering increased productivity to the farming industry
in rural Latin America."
About GilatGilat Satellite
Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global
provider of satellite-based broadband communications. With 30 years
of experience, we design and manufacture cutting-edge ground
segment equipment, and provide comprehensive solutions and
end-to-end services, powered by our innovative technology.
Delivering high value competitive solutions, our portfolio
comprises of a cloud based VSAT network platform, high-speed
modems, high performance on-the-move antennas and high efficiency,
high power Solid State 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, cellular backhaul,
enterprise, in-flight connectivity, maritime, trains, defense and
public safety, all while meeting the most stringent service level
requirements. Gilat controlling shareholders are the FIMI Private
Equity Funds. 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,
Director Corporate CommunicationsDoreetO@gilat.com
GK Investor and Public RelationsEhud Helft, Managing
Partnerehud@gkir.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/d5cd579a-e190-4dab-ae02-27df64d1a469
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