Gilat’s Satellite-based Cellular Backhaul Solution Selected by Sprint to Extend LTE Services to Metro Edge and Rural Areas ...
26 October 2016 - 9:34PM
Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), a
worldwide leader in satellite networking technology, solutions and
services, announced today that Sprint (NYSE:S) has selected Gilat’s
satellite-based cellular backhaul solution to extend LTE services
to metro edge and rural areas in the US.
Sprint expects to deploy Gilat's high-speed Capricorn VSATs as a
cellular backhaul solution for rapid deployment of high-quality,
reliable, true LTE-over-satellite in underserved areas, and as a
solution for special events and Mobile Emergency Response efforts
across the United States.
“It is an honor to have been selected by Sprint for their
satellite-based LTE network, given the demanding US market
reliability and resilience requirements,” added Michal Aharonov, VP
Global Accounts & Telecom Services at Gilat. “This achievement
further validates Gilat’s proven technological leadership, enabling
tier-1 MNOs to provide unprecedented speeds with a lower TCO.
Gilat’s superior technology, coupled with affordable HTS
space-segment, is creating new broadband opportunities in the US
and worldwide.”
About GilatGilat Satellite Networks Ltd
(NASDAQ:GILT) (TASE:GILT) is a leading provider of products and
services for satellite-based broadband communications. Gilat
develops and markets a wide range of high-performance satellite
ground segment equipment and VSATs, with an increasing focus on the
consumer and Ka-band market. In addition, Gilat enables
mobile SOTM (Satellite-on-the-Move) solutions providing
low-profile antennas, next generation solid-state power amplifiers
and modems. Gilat also provides managed network and satellite-based
services for rural telephony and Internet access via its
subsidiaries in Peru and Colombia.
With over 25 years of experience, and over a million products
shipped to more than 90 countries, Gilat has provided enterprises,
service providers and operators with efficient and reliable
satellite-based connectivity solutions, including cellular
backhaul, banking, retail, e-government and rural communication
networks. Gilat also enables leading defense, public security and
news organizations to implement advanced, on-the-move tactical
communications on board their land, air and sea fleets using
Gilat's high-performance SOTM solutions. Gilat controlling
shareholders are the FIMI Private Equity Funds. For more
information, please visit us 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. We undertake
no obligation to update or revise any forward-looking statements
for any reason. 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.
Contact:
Gilat Satellite Networks
Doreet Oren
DoreetO@gilat.com
Comm-Partners LLC
June Filingeri, President
203-972-0186
junefil@optonline.net
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