Ace Hardware Selects Gilat's Spacenet Subsidiary to Provide Its Member Retailers with Nationwide, Commercial-Grade Broadband Con
20 June 2005 - 11:01PM
Business Wire
Gilat Satellite Networks Ltd. (Nasdaq:GILTF) today announced that
its U.S. subsidiary, Spacenet Inc., has been selected by Ace
Hardware Corp. to provide satellite broadband network solutions for
its members nationwide. Ace Hardware serves 4,800 independent
hardware and building materials retailers through the United
States. The Spacenet broadband satellite network will provide
high-speed Internet/intranet access and fast credit/debit card
authorization for Ace members. Spacenet's Connexstar services are
available almost anywhere in the United States, providing
business-grade VSAT connectivity with professional installation,
advanced application support and industry-leading customer care.
Ace Hardware Data Security Manager Bob Wrobel said, "Spacenet's
Connexstar services offer our member retailers a consistent,
reliable and affordable broadband solution. Spacenet's ability to
provide a satellite solution to our members nationwide was a
critical factor in our decision to select the Connexstar offering.
We are confident that Spacenet will provide the high quality of
service and support that Ace requires for our retailers."
Spacenet's President and CEO Bill Gerety said, "We are very pleased
with Ace's choice of Spacenet as a broadband solutions provider for
their member retailers. Our offerings are uniquely suited for
retailers' needs, offering nationwide coverage and services that
can be configured to meet each store's network requirements. This
relationship with Ace further demonstrates Spacenet's leadership in
providing connectivity services for the hardware industry." About
Ace Hardware Corp. Ace Hardware Corp. is the largest retailer-owned
hardware cooperative in the industry. Annual retail sales for Ace's
4,800 hardware, home center and lumber and building materials
locations are approximately $13 billion. Headquartered in Oak
Brook, Ill., Ace currently operates 15 distribution centers in the
United States with retailers' stores located in all 50 states and
70 countries. More information on Ace can be found at
www.acehardware.com. About Spacenet Spacenet is the worldwide
services group of Gilat Satellite Networks. Spacenet Inc., based in
McLean, Virginia, provides connectivity, value-added applications
and managed networks to customers in North America and worldwide,
including its Connexstar satellite and hybrid terrestrial broadband
networking solutions for enterprise and government customers, and
StarBand residential and small-office VSAT services. Spacenet has
more than 20 years of experience providing wide area networks,
application support, customer care and network management for some
of the largest satellite-based networks in the world. Visit
Spacenet at www.spacenet.com. About Gilat Satellite Networks Ltd.
Gilat Satellite Networks Ltd. (Nasdaq:GILTF) is a leading provider
of products and services for satellite-based communications
networks. The Company operates under two business units: (i) Gilat
Network Systems ("GNS"), which is a provider of network systems and
associated professional services to service providers and operators
and (ii) Spacenet, which provides managed services for businesses
and governments through its Connexstar service brand, for consumers
through its StarBand service brand and for rural communities
through Spacenet Rural Communications. Gilat was founded in 1987
and has shipped over 550,000 Very Small Aperture Terminals (VSATs)
to more than 80 countries across six continents. Gilat's
headquarters is located in Petah Tikva, Israel. The Company has 14
local offices and 3 service facilities worldwide. Gilat markets the
SkyEdge(TM) Product Family which includes the SkyEdge(TM) Pro,
SkyEdge(TM) IP, SkyEdge(TM) Call, SkyEdge(TM) DVB-RCS and
SkyEdge(TM) Gateway. In addition, the Company markets numerous
other legacy products. Visit Gilat 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.
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