GlobeNewswire
2011-07-20
SkyEdge II Network Will Enable Video, Internet and Telephony
Services Throughout the Vast Republic
PETAH TIKVA, Israel, July 20, 2011 (GLOBE NEWSWIRE) -- Gilat Satellite
Networks Ltd. (Nasdaq:GILT) today announced that it has been selected
by Russian Yakutia Ministry of Finance to provide a full turnkey
SkyEdge II broadband satellite network to serve new Ministry of Finance
locations across Sakha (Yakutia) Republic, one of Russia's largest
Federal Districts.
Satellite-based connectivity is essential for communications in Yakutia
which has fewer than one million people spread over more than 3,100,000
square kilometers.
As part of the agreement, Gilat will provide the Ministry with a
SkyEdge II platform, including hub installation, integration with
previously installed Sky Edge platforms, and service support and
maintenance. The Company will also oversee the installation of remote
sites across Yakutia's expansive and rugged geography. The network
offers the Ministry improved utilization of space segment and maximizes
bandwidth efficiency at a time when the supply of capacity in the
Russian satellite market is nearly exhausted.
Gilat will implement the turn-key SkyEdge II network in cooperation
with GBU "CIBP", the local operator and service provider of the Yakutia
Ministry of Finance.
The new satellite-based broadband network will provide essential
telephony, internet and video-conferencing connectivity to new branches
of the Ministry and is expected to be operational by August this year.
The network is designed for multi-star operation and can be connected
to additional service centers to enable future deployment of additional
services.
"The solid performance of the current SkyEdge System and Gilat's
product leadership, service support and ability to offer a turnkey
solution that meets our technical and timeline requirements were key
considerations in the selection process. By upgrading the Ministry's
network to Gilat's SkyEdge II platform, we intend to deliver broadband
access to a growing number of locations across Yakutia and we are
excited to be able to do so with a solution that is an optimal fit to
Russia's bandwidth-constrained environment, " said Mr. Aisen
Evgenievich NIKITIN, General Manager, GBU "CIBP".
"Gilat has long been at the forefront of delivering efficient, reliable
communication services internationally. Our partnership with the
Yakutia Ministry of Finance and GBU is a clear vote of confidence in
Gilat's ability to execute large turnkey projects with the most
challenging technical, operational and geographic parameters. We look
forward to supporting the ongoing efforts to drive improved
connectivity throughout Yakutia," said Arie Rozichner, Gilat's RVP
Eurasia.
About GBU
GBU is the "Center for Informatization of Budget Process" at the
Ministry of Finance of the Republic of Sakha (Yakutia). The State
Budget Agency has been set up in order to support and develop a Single
Information Distribution Telecommunication Network that is able to
provide functioning and development of the distributed automation
systems for the budget process at all levels of the budget system of
the Republic of Sakha (Yakutia). It is also aimed at creation of the
e-government modern information and telecommunication infrastructure in
the Republic.
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
750,000 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
(972) 54 228 8039
karenm@gilat.com