Gilat Signs Agreement to Enable a Central Asian Government to Provide Digital Services over Satellite

Rhea-AI Summary

Gilat Satellite Networks (Nasdaq: GILT) has secured a significant agreement to provide its SkyEdge II-c satellite hub and hundreds of VSATs to a government in Central Asia. This initiative aims to connect rural villages to the government network, enhancing disaster preparedness communication and remote service accessibility for citizens. The technology will enable interactions with various governmental bodies, ensuring improved service delivery across remote regions. Gilat continues to play a crucial role in bridging the digital divide globally.

Positive

• Gilat signed a contract to provide SkyEdge II-c hub and VSATs, enhancing broadband service in rural areas.
• The project improves government services accessibility for remote citizens, bridging the digital divide.

Negative

• None.

SkyEdge II-c will facilitate connection of rural villages to the government network and access to remote digital services that bridge the digital divide

PETAH TIKVA, Israel, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today the Company signed an agreement to provide a SkyEdge II-c hub and hundreds of VSATs to a government in Central Asia.

The Gilat equipment will be used to connect rural villages to the government network, serve as a backup communication channel for disaster preparedness, and provide remote services to citizens.

Using the services enabled by Gilat’s proven SATCOM technology, citizens all over the country, even in the farthest most remote regions, will be able to interact with all governmental bodies, including the police, the land registry, licensing authorities, notarization, and more.

“Gilat technology is being leveraged to connect people and provide for the efficient provisioning of services, regardless of geographic distances,” said Michal Aharonov, Chief Commercial Officer at Gilat. “Once again, Gilat’s SkyEdge II-c platform is bridging the digital divide and helping to improve the lives of people throughout the world.”

About Gilat
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. For more information, please visit: 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, risks associated with the outbreak and global spread of the coronavirus (COVID-19) pandemic; 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. We undertake no obligation to update or revise any forward-looking statements for any reason.

Contact:
Gilat Satellite Networks
Doreet Oren, Senior Director Corporate Communications
DoreetO@gilat.com

GK Investor and Public Relations
Ehud Helft, Managing Partner
ehud@gkir.com

FAQ

What is the recent agreement by Gilat Satellite Networks?

Gilat Satellite Networks has signed an agreement to provide a SkyEdge II-c hub and hundreds of VSATs to a government in Central Asia.

How will Gilat's technology impact rural villages?

Gilat's technology will connect rural villages to the government network, improving access to digital services and disaster communication.

What does the SkyEdge II-c platform do?

The SkyEdge II-c platform facilitates communication between citizens and government bodies, ensuring efficient service delivery in remote areas.

When was the agreement signed?

The agreement was announced on August 2, 2022.

What is the stock symbol for Gilat Satellite Networks?

The stock symbol for Gilat Satellite Networks is GILT.