GlobeNewswire
2011-06-30
SkyEdge II Network Will Allow HISPASAT to Offer Users IP-
Based Internet Services Across Spain
PETAH TIKVA, Israel, June 30, 2011 (GLOBE NEWSWIRE) -- Gilat Satellite
Networks Ltd. (Nasdaq:GILT) announced today that it has been selected
by Spanish satellite operator HISPASAT to provide a new broadband
satellite IP network based on Gilat's advanced SkyEdge II System. The
network will enable the deployment of a broadband program as mandated
by the Spanish government, and is planned to provide thousands of
consumers across Spain with broadband Internet services.
As part of the network, Gilat's SkyEdge II system supports 32APSK
Adaptive Coding and Modulation transmission to maximize space segment
efficiency. By leveraging SkyEdge II's full capabilities and HISPASAT's
newly launched satellite - Hispasat 1E, HISPASAT will be able to offer
residential customers high performance IP-based services.
According to the agreement, Gilat's Sky Edge II system is scheduled to
be fully operational by the summer of 2011. The system will also be
used by HISPASAT to provide broadband communication services in North
Africa and Latin America.
"Gilat has been at the forefront of delivering efficient, reliable
communication services world-wide, and we are proud to be able to bring
our knowhow and track record to this important national project," said
Jaron Lotan, Gilat's Chief Operating Officer. "Our Sky Edge II's
carrier-grade functionality supports the stringent requirements of
consumer networks where performance and cost efficiencies are critical
considerations. We are excited to be partnering with HISPASAT and look
forward to a fruitful and long term collaboration with the company,
both in Spain and across the company's global interests."
About HISPASAT Group:
HISPASAT is the seventh company in the world by revenue in its sector
and the leader in the broadcasting and distribution of content in
Spanish and Portuguese. With more than 1,150 television and radio
channels, including the contents of major digital platforms of Direct
to Home Television (DTH) and High Definition Television (HDTV), the
Group is the leading technological and cultural bridge between Europe
and the Americas.
About Gilat Satellite Networks Ltd.:
Gilat is a leading provider of products and professional services for
satellite-based broadband communication networks worldwide. Gilat was
founded in 1987 and has shipped over 750,000 VSATs (Very Small Aperture
Terminals) to more than 85 countries across six continents. Gilat's
headquarters are located in Petah Tikva, Israel, and 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 communications-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