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Gilat Achieves Major Milestone -- Over 1 Million VSATs Shipped
GlobeNewswire 2011-10-18
PETAH TIKVA, Israel, Oct. 18, 2011 (GLOBE NEWSWIRE) -- Gilat Satellite
Networks Ltd. (Nasdaq:GILT), a worldwide leader in satellite networking
technology, solutions and services, announced today that it recently
shipped its one millionth VSAT (very small aperture terminal), marking
a major milestone for the company.
"We are extremely proud to have achieved this important milestone and
extend our appreciation to the many enterprises, government agencies
and service providers that have selected Gilat and our technology as
their partner of choice over the years," said Jaron Lotan, Gilat's
Chief Operating Officer.
"Our networks span the globe, providing a diverse range of customers
with constant and reliable connectivity for voice, video and data
services -- championing boundless communications worldwide," added Mr.
Lotan.
Since its inception in 1987, Gilat has been selected as a trusted
technology partner by major industry players such as Optus, Bharti
Airtel, StarOne, GTECH, Intralot, Scientific Games and Dollar General.
A pioneer of several industry firsts, Gilat has brought innovation and
communication advances to some of the industry's key markets including
broadband Internet, rural telephony, emergency response, cellular
backhaul, USO and lottery.
The Company developed and shipped its first generation two-way VSAT,
the SkyStar Advantage(TM), in 1991 and has since been at the forefront
of innovation and development of satellite-based communications
technology.
Some of the Company's key achievements include:
-- Industry's first two-way consumer broadband VSAT
-- SkyEdge -- the first multi-service satellite communications platform
-- First to introduce HTTP acceleration
-- First cache based micro-SD VSAT
More recently, Gilat announced its new high speed Ka-band VSAT
terminals for the consumer market, as well as hardened terminals
supporting communications-on-the-move applications for the defense and
homeland security markets.
The Company has also expanded its product line to include non-VSAT
platforms and offers next-generation high-power solid state amplifiers,
low profile antennas for COTM (communication-on-the-move) applications,
and man-pack solutions.
About Gilat
Gilat Satellite Networks Ltd. is a leading provider of products and
professional services for satellite-based broadband communications
networks worldwide. Gilat was founded in 1987 and has shipped over
1,000,000 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 22 sales and service offices
worldwide. Gilat develops and markets an expansive range of broadband
satellite solutions including high-performance VSATs under the
SkyEdge(TM) and SkyEdge II brands, low-profile antennas for
satcom-on-the-move, under the Raysat Antenna Systems and the
StealthRay(TM) brands and next generation solid-state power amplifiers
for mission-critical defense and broadcast satellite communications
systems under the Wavestream brand. Gilat's wholly-owned subsidiary,
Spacenet Inc., is a leading provider of managed services in North
America to the business and government segments. Visit Gilat at
www.gilat.com.
The Gilat Satellite Networks Ltd. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5848
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.
CONTACT: Karen Mazor
Gilat Satellite Networks
karenm@gilat.com
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