PETAH TIKVA, Israel, July 13, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the company was awarded millions of dollars in orders for a cellular backhaul over satellite project lead by a Mexican federal agency.
Gilat's cellular backhaul solution is being used to connect hundreds of 4G sites within the "CFE Telecommunications and Internet for All" initiative (CFE Telecomunicaciones e Internet para Todos, also known as CFE TEIT) to provide better access to information and communication technologies for all people throughout Mexico.
Within this framework, global satellite and hub operators are working with Gilat, the world's most experienced 4G cellular backhaul over satellite solution provider, to provide the best available solution. Gilat's leading technology and local presence are proving instrumental in addressing the special requirements of the CFE TEIT deployment.
"Gilat believes in the right of all people to be connected, and we see the importance of internet connectivity continuing to grow among people throughout the world. Gilat's cellular backhaul over satellite solution provides reliable, quickly deployable reach to remote areas and leads the way with a major share of the global market," said Yossi Gal, Vice President of Regional Sales at Gilat. "We're proud that our valued and long-time partners continue to recognize these advantages and have chosen Gilat for this important project in Mexico."
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 end-to-end solutions and services, 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.
Delivering high value solutions, our portfolio is comprised of a cloud-based platform and high performance satellite terminals designed to work in harmony with satellite constellations, including Very High Throughput Satellites (VHTS) and Software-Defined Satellites (SDS) in multiple orbits; high performance Satellite On-the-Move (SOTM) antennas; and highly efficient, high-power Solid State Power 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, mobility, cellular backhaul, military, government, and enterprise, 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
EK Global IR
Ehud Helft, Managing Partner
ehud@ekgir.com
