Gilat Receives $9 Million in Orders for Multi-Orbit SkyEdge Platforms
January 06 2025 - 6:03AM
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a worldwide
leader in satellite networking technology, solutions, and services,
announced today that the Company has received $9 million in orders
from major satellite operators. The orders are for its advanced
satellite communications platforms, SkyEdge IV and SkyEdge II-c
equipment and services. Delivery is scheduled within the next 12
months.
The world’s leading satellite operators use
Gilat’s cutting-edge SkyEdge technology to provide unparalleled
connectivity across multiple satellite constellations. SkyEdge
platforms are designed to deliver robust, high-performance
satellite communications for a variety of applications, including
maritime, cellular backhaul and enterprise solutions.
“We are excited to support satellite operators
around the world and being a leading supplier for multi-orbit
solutions,” said Hagay Katz, Chief Product and Marketing
Officer at Gilat. “Our SkyEdge platforms were designed to
meet the demands of next-generation networks, ensuring seamless
multi-orbit integration. These orders underscore our dedication to
innovation and our ability to empower satellite operators with the
flexibility and scalability required to address diverse market
needs.”
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a
leading global provider of satellite-based broadband
communications. With over 35 years of experience, we create and
deliver deep technology solutions for satellite, ground, and new
space connectivity and provide comprehensive, secure end-to-end
solutions and services for mission-critical operations, powered by
our innovative technology. We believe in the right of all people to
be connected and are united in our resolution to provide
communication solutions to all reaches of the world.
Our portfolio includes a diverse offering to deliver high-value
solutions for multiple orbit constellations with very high
throughput satellites (VHTS) and software-defined satellites (SDS).
Our offering is comprised of a cloud-based platform and
high-performance satellite terminals; high-performance Satellite
On-the-Move (SOTM) antennas; highly efficient, high-power Solid
State Power Amplifiers (SSPA) and Block Upconverters (BUC) and
includes integrated ground systems for commercial and defense,
field services, network management software, and cybersecurity
services.
Gilat’s comprehensive offering supports multiple applications
with a full portfolio of products and tailored solutions to address
key applications including broadband access, mobility, cellular
backhaul, enterprise, defense, aerospace, broadcast, government,
and critical infrastructure clients all while meeting the most
stringent service level requirements. For more information, please
visit: http://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, including
those related to the current terrorist attacks by Hamas, and the
war and hostilities between Israel and Hamas and Israel and
Hezbollah. 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. We undertake no obligation to
update or revise any forward-looking statements for any reason.
Contact:
Gilat Satellite NetworksHagay Katz, Chief
Products and Marketing Officerhagayk@gilat.com
Alliance Advisors:
GilatIR@allianceadvisors.com Phone: +1 212 838 3777
Gilat Satellite Networks (NASDAQ:GILT)
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