SES Awards Gilat Multi-Million Dollar Contract for Multiple Broadband Applications in Latin America
19 August 2021 - 10:27PM
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide
leader in satellite networking technology, solutions and services,
announced today that SES, the leader in global content connectivity
solutions awarded Gilat a multi-million-dollar contract for
multiple broadband applications in Latin America. Gilat's
multi-service platform will support SES in cellular backhauling,
enterprise and Universal Service Obligation (USO) projects, as SES
extends services into Latin America with the deployment on new
regional hubs.
Gilat's multi-service single platform, SkyEdge
II-c and its wide set of fine-tuned VSATs enable satellite
connectivity throughout Latin America's most remote regions, for a
wide variety of applications. Gilat's robust networks enable
cellular backhaul for mobile operators, connectivity for government
and enterprise applications and multiple education projects in
support of closing the gap of the digital divide.
"SES has been innovating its ground and
space-based technologies to optimize our services and extend any
networks wherever they are needed. These projects in Latin America
exemplify the long-term, global nature of the relationship between
Gilat and SES," said Omar Trujillo, Vice President of Sales for
Fixed Data Americas at SES Networks. "Gilat's presence in Latin
America with its local delivery capabilities including site
installation, field support, and technological leadership, have
supported SES Networks in ensuring that even the most remote
populations across Latin America receive high-quality service."
"This award further signifies the strong
strategic relationship between Gilat and SES Networks and will
enable to provide connectivity for multiple applications as
required in Latin America," said Michal Aharonov, Senior Vice
President Global Broadband Networks at Gilat. "Gilat and SES share
a common vision and are strongly committed to deliver high quality
communication to people wherever they are."
About SES
SES has a bold vision to deliver amazing experiences everywhere
on earth by distributing the highest quality video content and
providing seamless connectivity around the world. As the leader in
global content connectivity solutions, SES operates the world’s
only multi-orbit constellation of satellites with the unique
combination of global coverage and high performance, including the
commercially-proven, low-latency Medium Earth Orbit O3b system. By
leveraging a vast and intelligent, cloud-enabled network, SES is
able to deliver high-quality connectivity solutions anywhere on
land, at sea or in the air, and is a trusted partner to the world’s
leading telecommunications companies, mobile network operators,
governments, connectivity and cloud service providers,
broadcasters, video platform operators and content owners. SES’s
video network carries over 8,200 channels and has an unparalleled
reach of 367 million households, delivering managed media services
for both linear and non-linear content. The company is listed on
Paris and Luxembourg stock exchanges (Ticker: SESG). Further
information is available at: www.ses.com
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,
Senior 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/3bb9e562-9782-464e-ab72-a316bc18570e
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