Russian Post, One of Russia's Largest Companies, Selects Gilat for Broadband Satellite Network; SkyEdge VSAT Network Will Serve
10 February 2006 - 2:38AM
Business Wire
Gilat Satellite Networks Ltd. (Nasdaq:GILTF) today announced it has
been selected to provide a broadband satellite communications
network to Federal State Unitary Enterprise Russian Post. Russian
Post is one of Russia's largest companies, operating more than
40,000 post offices and providing many other telecom, shipping,
retail and financial services for annual revenue of US$1.5 billion.
Gilat will deploy a SkyEdge VSAT hub station in the Siberian
capital city of Novosibirsk. The network will provide broadband
Internet access, always-on data communications for postal
applications and telephony services to remote postal facilities
throughout Siberia and far-eastern Russia. The initial order is for
several hundred sites. Denis Chuiko, First Deputy General Director,
Russian Post, said, "Standard terrestrial networks cannot
efficiently serve Russia's outlying areas. It's a well-known fact
that satellite technology is the best way to bring reliable voice
and broadband services to remote communities. Gilat's SkyEdge
platform provides us the flexibility to add applications in the
future, to meet the challenges posed to us by our government and
our customers." Chuiko added, "Gilat has proven that VSAT
technology can be deployed quickly and can meet the challenge of
Russia's dispersed population and rugged terrain. After our
evaluation of many potential network providers, Gilat was chosen
because of the technological superiority of its products and its
reputation as the preeminent worldwide provider of rural satellite
solutions." Erez Antebi, Gilat Network Systems', Chief Executive
Officer, said, "We are fortunate to be able to provide Russian Post
with the solution it needs to bring dependable, secure
communications to these remote regions. Gilat has a wealth of
experience in deploying and operating rural communications sites
and supporting its customers' development of postal applications."
Antebi concluded, "We view this agreement as more than just a
significant contract award, but rather the beginning of what we
expect will be a long-term cooperation with Russian Post to help it
develop new services and applications that meet critical goals set
to it by the Ministry of Telecommunications. We expect this network
will enable the Post to offer services that were previously
unavailable, thus increasing the Post's revenue and enabling strong
business growth and improved quality of life in the covered areas."
About Russian Post With more than 85 subsidiaries, 370,000
employees and annual revenue of US$1.5 billion, Russian Post is one
of Russia's largest companies. The Company operates more than
40,000 post offices and retail establishments and provides
consumers with financial and telecommunications services. Please
visit Russian Post at www.russianpost.ru. 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 in North
America, managed services for businesses and governments through
its Connexstar service brand, for consumers through its StarBand
service brand and offers rural telephony and internet access
solutions to remote areas mainly in Latin America via Spacenet
Rural Communications. Gilat was founded in 1987 and has shipped
over 550,000 Very Small Aperture Terminals (VSATs) to more than 85
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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