CORRECTING and REPLACING Gilat to Provide Broadband Wireless Access Solutions With Proxim WiMAX Products
08 May 2007 - 3:18AM
Business Wire
Reissuing release to add ticker symbol for searching purposes. The
release reads: GILAT TO PROVIDE BROADBAND WIRELESS ACCESS SOLUTIONS
WITH PROXIM WIMAX PRODUCTS Gilat�s SkyMP Solution Chosen by
Asiainfo for Business and Consumer Broadband Wireless Services in
Kyrgyzstan Gilat Satellite Networks Ltd. (Nasdaq:GILT) today
announced that it has entered into an OEM purchase and global
marketing agreement with Proxim Wireless Corporation, a
wholly-owned subsidiary of Terabeam, Inc (NASDAQ:TRBM). The
agreement is part of an implementation by Gilat of its strategy to
expand its product portfolio using Gilat's core competencies.
Leveraging its strong global sales, turnkey project implementation,
satellite backhaul solutions and local support capabilities, Gilat
now offers WiMAX, Wi-Fi Mesh and other Broadband Wireless Access
solutions, to its existing and potential customers. Gilat has
established a wireless solutions department which will market the
wireless products � SkyMP.16� for WiMAX technology and SkyMP.11�
for license-free frequencies. The new department is headed by Tal
Meirzon, who, for over 10 years, has held a variety of senior
positions at Gilat, including his most recent position as vice
president of marketing and business development for Gilat Network
Systems. Mr. Meirzon will continue to serve as Gilat Network
System's vice president of business development in addition to his
new position as general manager, wireless solutions. Gilat also
announced today that it has received its first Broadband Wireless
Access order, from Asiainfo, an Internet Service Provider in
Kyrgyzstan. Gilat will provide Asiainfo with an end to end solution
which will include a Broadband Wireless Access and wireless
backhaul solution. The solution will enable Asiainfo to deliver
broadband wireless services for businesses and consumers throughout
Kyrgyzstan's capital, Bishkek. Asiainfo is an existing Gilat
customer, that recently deployed a SkyEdge broadband satellite hub
within its network. "The markets which require broadband satellite
communications often have a need for Broadband Wireless Access
technology," said Amiram Levinberg, Chairman and CEO of Gilat
Satellite Networks Ltd. "Proxim's WiMAX expertise and product
offering, coupled with our strong presence in emerging markets,
wide range of satellite technologies, network planning and systems
integration capabilities, underscores the synergistic value of this
cooperation. The new contract with Asiainfo is an excellent example
of how we can now cater to our customers' broadband wireless access
and satellite communications needs through a single point of
contact. We have targeted the broadband wireless market as one of
Gilat�s future growth engines and are now well-positioned to
provide a one stop shop for broadband wireless solutions, on a
nationwide basis including rural and remote areas," he added. WiMAX
is an emerging standard for interoperability of Broadband Wireless
Access technologies. As a leader in Broadband Wireless technology,
Proxim's products will expand Gilat's offering to include WiMAX and
Wi-Fi Mesh as additions to its satellite networking solutions. This
will enable Gilat to provide wireless Pico base-station
architecture - all outdoor, scalable and cost effective data, voice
and video solutions. Furthermore, in nationwide deployments,
satellite backhaul is often used to connect last mile WiMAX to the
Internet backbone. Proxim's CEO, Robert E. Fitzgerald said, "We are
excited to be working with Gilat to bring end-to-end
satellite/terrestrial wireless networks to market. Gilat�s well
established global sales together with its turnkey project offering
presents an excellent opportunity to reach new customers and
markets. We believe that through this relationship we will be able
to provide better value to these markets and customers." About
Gilat Satellite Networks Ltd. Gilat Satellite Networks Ltd.
(Nasdaq:GILT) is a leading provider of products and services for
satellite-based communications networks. The Company operates under
three business units: (i) Gilat Network Systems ("GNS"), which is a
provider of network systems and associated professional services to
service providers and operators worldwide; (ii) Spacenet Inc.,
which provides managed services in North America for businesses and
governments through its Connexstar service brand and for consumers
through its StarBand service brand; (iii) Spacenet Rural
Communications, which offers rural telephony and Internet access
solutions to remote areas primarily in Latin America. Gilat was
founded in 1987 and has shipped over 670,000 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 16 sales and service offices worldwide. Gilat markets the
SkyEdge � Product Family which includes the SkyEdge� Pro, SkyEdge�
IP, SkyEdge� Call, SkyEdge� DVB-RCS and SkyEdge� Gateway. In
addition, the Company markets numerous other legacy products. About
Proxim Wireless Corporation Proxim Wireless Corporation is a
wholly-owned subsidiary of Terabeam, Inc. (NASDAQ:TRBM). Proxim
Wireless is a global pioneer in developing and supplying scalable
broadband wireless networking systems for enterprises, governments,
and service providers. From Wi-Fi to wireless Gigabit Ethernet -
our WLAN, Wi-Fi Mesh, point-to-multipoint, and point-to-point
products are available through our extensive global channel
network, backed by world-class support. Proxim is a Principal
Member of the WiMAX Forum and is ISO-9001 certified. 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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