PETAH TIKVA, Israel, Aug. 5, 2019 /PRNewswire/ -- Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that it will provide aero antennas with an initial agreement for tens of millions of dollars to a Tier-1 business aviation service provider. This expands Gilat's aero offering into the business aviation market with a leading tail-mount antenna for business jets.
The high-speed satellite-based global connectivity service being developed will be enabled by Gilat's aero terminal which includes a 12" tail-mount Ku band antenna, and Gilat's industry proven Taurus aero modem. Gilat's solution is designed to provide the user experience this demanding market requires. The service for business aviation will be provided over one of the largest aero networks operating worldwide.
"Gilat's expansion from commercial aviation into the market segment of business aviation is a major milestone in our IFC strategy," said Ron Levin, VP Mobility and Global Accounts at Gilat. "This achievement, of a potential of hundreds of terminals, further strengthens Gilat as a major IFC player in this fast-growing satellite communication market."
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With 30 years of experience, we design and manufacture cutting-edge ground segment equipment, and provide comprehensive solutions and end-to-end services, powered by our innovative technology. Delivering high value competitive solutions, our portfolio comprises of a cloud based VSAT network platform, high-speed modems, high performance on-the-move antennas and high efficiency, high power Solid State Amplifiers (SSPA) and Block Upconverters (BUC).
Gilat's comprehensive solutions support multiple applications with a full portfolio of products to address key applications including broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, trains, defense and public safety, all while meeting the most stringent service level requirements. Gilat controlling shareholders are the FIMI Private Equity Funds. For more information, please visit: www.gilat.com
Certain statements made herein that are not historical are forward-look ng 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.
Gilat Satellite Networks
Doreet Oren, Director Corporate Communications
June Filingeri, President
SOURCE Gilat Satellite Networks