iHub News
4週前
Gilat Satellite Networks shares slide after revenue misses expectations despite earnings beat (GILT)May 13, 2026 9:33 AM
IH Market News Shares of Gilat Satellite Networks (NASDAQ:GILT) fell more than 6% in premarket trading on Wednesday after the company reported quarterly revenue below analyst expectations, despite delivering stronger-than-expected earnings.The stock declined 6.58% following the earnings announcement as investors focused on the revenue miss and largely unchanged full-year guidance. Earnings outperform while revenue falls short Gilat reported adjusted earnings per share of $0.18 for the first quarter, exceeding analyst forecasts of $0.11 per share by $0.07.Revenue totaled $110.5 million, below the consensus estimate of $114.38 million, although still representing year-on-year growth of 20% from $92 million in the first quarter of 2025.The satellite networking technology company also posted GAAP net income of $5.2 million, or $0.07 per diluted share, compared with a GAAP net loss of $6 million, or -$0.11 per diluted share, in the same period last year. Full-year guidance maintained Gilat reaffirmed its 2026 revenue guidance of between $500 million and $520 million.The midpoint of the forecast, at $510 million, was broadly in line with analyst expectations of $509.5 million.The company also maintained its adjusted EBITDA outlook for the year at between $61 million and $66 million, implying approximately 19% growth at the midpoint of the range. Profitability improves sharply Adjusted EBITDA for the quarter doubled to $15.1 million from $7.6 million in the first quarter of 2025.GAAP operating income reached $4.4 million, compared with a GAAP operating loss of $2.7 million in the prior-year quarter.“Gilat began 2026 with strong execution and momentum across our key growth initiatives,” said Adi Sfadia, chief executive officer of Gilat.“Our first quarter results reflected the strength of our broad solutions portfolio, continued expansion in defense and commercial markets, and improving profitability.” Growth recorded across business segments The company reported commercial revenue of $72.8 million during the quarter.Defense revenue totaled $25.4 million, while revenue from Peru operations reached $12.3 million.Gilat Satellite Networks stock price Original: Gilat Satellite Networks shares slide after revenue misses expectations despite earnings beat (GILT)
iHub News
4月前
Gilat slides despite Q4 beat as investors digest outlookFebruary 10, 2026 11:08 AM
IH Market News
Gilat Satellite Networks Ltd. (NASDAQ:GILT) posted fourth-quarter results that topped expectations and paired them with a confident forecast for 2026, but the market reaction was sharply negative, with shares tumbling 15.27% in pre-market trading.The satellite communications technology group reported adjusted earnings per share of $0.20 for the quarter, well ahead of the analyst consensus of $0.13. Revenue climbed to $137 million, beating estimates of $132.61 million and jumping 75% from $78.1 million a year earlier. Adjusted EBITDA reached $18.2 million, marking a 50% year-on-year increase.Despite the strong headline numbers, the stock sold off heavily after the release, suggesting investors may have been positioned for even stronger results or were focused on other elements of the report.“We ended 2025 with a very strong fourth quarter and a solid year, reflecting steady execution across the company, driven primarily by our key growth engines of Defense, IFC and advanced multi-orbit solutions,” said Adi Sfadia, Gilat’s CEO.For full-year 2025, Gilat reported revenue of $451.7 million, up 48% from 2024, alongside record adjusted EBITDA of $53.2 million, representing 26% growth year over year.Looking to 2026, the company issued upbeat guidance, forecasting revenue of $500 million to $520 million, implying around 13% growth at the midpoint. Adjusted EBITDA is expected to range from $61 million to $66 million, or roughly 19% growth at the midpoint.Sfadia added, “With a solid balance sheet and over $183 million in net cash, we are continually exploring additional growth opportunities and potential targets.”Gilat Satellite Networks stock price
Original: Gilat slides despite Q4 beat as investors digest outlook
midastouch017
3年前
Satcom Direct and Gilat Sign Strategic Agreement for Joint ESA Project to Expand Plane Simple® Portfolio
https://finance.yahoo.com/news/satcom-direct-gilat-sign-strategic-110700534.html
The ultra-low profile Electronically Steered Antennas (ESA) will enable in-flight connectivity (IFC) for business, government, and defense aviation
Gilat’s Electronically Steered Antenna (ESA) to Enable IFC for Business, Government and Defense Aviation
Satcom Direct and Gilat sign strategic agreement for joint ESA project to expand Plane Simple® portfolio
MELBOURNE, Fla. and PETAH TIKVA, Israel, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Satcom Direct, the business aviation solutions provider, and Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, have signed a strategic agreement to develop and supply new ultra-low profile electronically steered antennas (ESA) to support in-flight connectivity (IFC) for business, government, and defense. Available from 2025 and designed for optimized compatibility with the OneWeb low earth orbit (LEO) constellation, the hardware strengthens the Plane Simple® Antenna Series portfolio with the addition of the Gilat advanced ESA that will unlock the full broadband potential of OneWeb.
The collaboration will see Gilat develop the antenna system while Satcom Direct Avionics, the Canadian hardware manufacturing division of SD, will work with OneWeb to develop the SD Modem Unit to harness the full potential of the LEO constellation. To meet soaring data demands, customers will also benefit from the antenna’s full-duplex performance, a key capability in a small-form, power efficient device that allows data to be sent and received simultaneously.
This ESA terminal, including the radome, will aim to provide an industry-leading compact form factor (around 2.5in or 64mm) that will unlock the highest possible bandwidth from the OneWeb network. The addition to the Plane Simple antenna series reflects the SD agnostic philosophy, which enables customized connectivity solutions tailored for every mission requirement with a common terminal architecture, simplified upgrades, and flexible pricing plans.
Chris Moore, President at Satcom Direct, said: “We already have a strong relationship with OneWeb and have engaged with Gilat, due to their long SATCOM, aviation, and radio frequency pedigree, to create the next generation ESA in support of creating a solution that provides more options to our customers seeking reliable high-speed connectivity or additional redundancy. The ESA terminal will provide genuine global coverage and superior bandwidth performance, complemented by ease of installation. This most advanced terminal will also address customer requests to lower aircraft drag, weight and fuel burn. We’re excited to add this new state-of-the-art antenna from Gilat to our portfolio. We know customers will welcome the reality of the truly global coverage from such a small format terminal.”
We are honored to have been selected by Satcom Direct to provide them with our expertise to develop this new ESA product,” said Adi Sfadia, Gilat CEO. “Together, we will create a next-generation ESA to support the dynamic connectivity demands of the global business aviation sector with a best-in-class antenna. The agreement gives us the opportunity to expand our proven technology know-how in commercial aviation and to showcase our expertise alongside Satcom Direct, the only company dedicated to delivering satcom connectivity to business and government aviation worldwide. It is a major milestone for Gilat as we extend our global IFC leadership in commercial aviation to business aviation, as well as into our strategic focus area in government and defense.”
Neil Masterson, CEO OneWeb adds, “The combined expertise of Satcom Direct Avionics, Gilat and OneWeb will deliver customers faster, more consistent broadband services across the globe. In the dynamic connectivity landscape, it is essential we team with premium partners, which is why we’re delighted to be part of this powerful offering as we reinforce our presence and service in the business aviation sector.”
midastouch017
3年前
Gilat Signs Definitive Agreement to Acquire DataPath, Inc. a Market Leader in Trusted Communications for the US DoD, Military and Government Sectors
https://finance.yahoo.com/news/gilat-signs-definitive-agreement-acquire-113500537.html
The acquisition is another step in Gilat’s initiative to increase its presence in the growing Defense market
Gilat expects its annual revenues in the Defense sector to increase by approximately $50 Million following the closing of the acquisition
PETAH TIKVA, Israel, March 09, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it has signed a definitive agreement to acquire DataPath, Inc. (DPI), which will be a core component of Gilat’s Defense growth strategy. DataPath is a market leader in trusted communications for the US DoD Military and Government sectors. The acquisition is another step in Gilat's initiative to increase its presence in the growing Defense market. Gilat expects its annual revenues in the Defense sector to increase by approximately $50 Million following the closing of the acquisition.
The transaction has been approved by the Gilat board of directors and by DataPath’s board of directors and stockholder. The closing of the transaction is subject to certain regulatory approvals, including the receipt of clearance of the Committee on Foreign Investment in the United States (CFIUS), and other customary closing conditions. The acquisition is expected to close in the third quarter of 2023.
DataPath has more than 25 years of experience in integrated communications and information technology and is a market leader in trusted communications systems, services, and end-to-end solutions for mission-critical operations. DataPath is a US based expert systems integrator with a strong focus on the DoD and US government sectors, bringing leading competencies in systems engineering, software development and mechanical engineering. These attributes have enabled DataPath to secure and maintain their continual presence in the provision and sustainment of SatCom systems, such as portable ground stations, and related services.
"DataPath is a leading US integrator providing mission critical solutions and services and is a large provider to the US DoD of transportable hubs, mini-towable hubs, and a portfolio of military-grade portable antenna terminals," said Adi Sfadia, Gilat CEO. “The acquisition is a major milestone in Gilat's growth strategy to expand its business into the US DoD and government sectors as well as into other international governments and Defense markets. We see great synergy between the companies and are looking forward to working with DataPath’s leadership in support of its customers."
"We are proud of our DataPath team to get the Company positioned to join Gilat and expect that, together with Gilat's strong position in the SATCOM market and its vast international reach, DataPath will be well positioned to continue its profitable growth and its continual commitment for integrated solutions built with best of breed components," said David McDonald, CEO & Executive Chairman at DataPath. "DataPath’s superior solutions and significant position within the U.S. DoD market will enhance Gilat’s strategy in that sector."
Advisors
Needham & Company LLC and Quilty Analytics LLC are serving as financial advisors to Gilat. Naschitz Brandes Amir & Co. and Foley and Lardner LLP are acting as Gilat’s legal counsel. RCBG is serving as an exclusive financial advisor to DataPath. DLA Piper LLP and Greenberg Traurig are acting as DataPath’s legal counsel.
About DataPath® Inc.
DataPath excels in advanced and secure communications solutions tailored to the unique requirements of commercial, government/military, aerospace, broadcast and critical infrastructure clients. Our solutions include a wide range of field communications and information technology products including satellite communications systems and network management software and cybersecurity services. All offerings are backed by 24×7 customer care and global field support. At DataPath we are passionate about helping our clients achieve mission success. For more information, visit www.datapath.com.
About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications.
With over 30 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, including statements related to the acquisition of DataPath, the projected increase in Gilat’s Defense sector revenues, the potential transaction synergies, the combined companies portfolio of products and services and markets, the potential synergies between Gilat and DataPath, and the projected timing for closing of the acquisition. 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
midastouch017
4年前
World-Leading UAV Manufacturer Selects Gilat in Multi-Year, Multimillion-Dollar Strategic Agreement for UAV Terminals
https://finance.yahoo.com/news/world-leading-uav-manufacturer-selects-120400619.html
Telefónica Global Solutions Selects Gilat To Extend 4G Cellular Coverage For Mobile Operators In Latin America
Gilat's next generation satellite communication terminals to enable advanced capabilities in high/medium altitude, long-endurance unmanned aerial vehicles from the world-leading manufacturer
PETAH TIKVA, Israel, Nov. 10, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that it has entered into a multi-year, multimillion-dollar strategic framework agreement with a world-leading UAV manufacturer.
High/Medium Altitude Long Endurance (HALE/MALE) Unmanned Aerial Vehicles (UAVs) will be empowered with innovative capabilities enabled by next generation BRP60 satellite communication terminals from Gilat.
The BRP60 is a modular SATCOM terminal that has recently been optimized with advanced capabilities increasing system robustness and reliability. With a multi-axis, 60cm parabolic dish, it is configurable to operate with Ku or Ka-band satellites. Designed for new platforms and evolving UAV designs, Gilat's BRP60 is ready to adapt to sophisticated missions anywhere in the world.
“We are proud to have the latest generation of our satellite communication terminals in these UAVs, which are serving a variety of applications all over the world,” said Michal Aharonov, Chief Commercial Officer at Gilat. “This new agreement represents an important milestone in our long-term partnership and continuing success in the industry.”
midastouch017
4年前
Gilat Awarded Over $10M to Power IFC Applications of Tier-1 Global Aerospace System Integrator
October 24 2022 - 07:06AM
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today the receipt of more than $10M in orders for transceivers to power the IFC applications of a Tier-1 global aerospace system Integrator.
Gilat’s fully-owned US-based subsidiary, Wavestream, will provide its Ka-band AeroStream™ family of transceiver products to enable in-flight connectivity.
“We are pleased to fulfill the burgeoning demand of our longtime trusted partner who, for years, has continued to rely on our Ka-band transceiver solution for in-flight connectivity,” said Bob Huffman, Wavestream’s General Manager and Gilat's Senior VP. “With these new orders, Wavestream is growing its lead in the IFC marketplace, now with over 3,000 units successfully operating on commercial and business aviation aircraft worldwide.”
About Wavestream
Wavestream, a Gilat subsidiary is the industry leader in the design and manufacture of next generation satellite communications high power transceivers for In-Flight Connectivity, Ground Mobility and Gateway markets. Since 2001, we provide system integrators with field-proven, high performance Ka, Ku and X-band Solid State Power Amplifiers (SSPAs), Block Upconverters (BUCs), Block Down Converters and Transceivers. We design, manufacture and repair our products in-house and have delivered over 40,000 systems in the past 15 years. Wavestream products provide high quality and reliability under the harshest environmental conditions and we are currently certified to ISO 9001:2008 and AS9100D standards. For further details please visit www.wavestream.com
StockLogistics
4年前
265 sales/56 OS is 4.73 at zero forward multiple
“7:50a ET 8/9/2022 - Globe Newswire
Gilat Reports Strong Second Quarter 2022 Results
Revenue of $55.5 million, operating profit $1.5 million and Adjusted EBITDA of $5.3 million; Reiterates 2022 guidance
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2022.
Second Quarter 2022 Financial Highlights
-- Revenues of $55.5 million,up 1.2% compared with Q2 of last year;
-- GAAP operating income of $1.5 million versus operating loss of $0.4 million in Q2 last year;
-- Non-GAAP operating income of $2.4 million versus Non-GAAP operating income of $0.1 million in Q2 last year;
-- GAAP net income of $0.5 million versus loss of $0.2 million in Q2 last year;
-- Non-GAAP net income of $1.4 million versus Non-GAAP income of $0.3 million in Q2 last year;
-- Adjusted EBITDA of $5.3 million versus Adjusted EBITDA of $2.4 million in Q2 last year;
-- Reiterates and on-track with 2022 financial guidance;
Forward-Looking Expectations
The Company reiterates its 2022 guidance issued in 2022, of revenues between $245 to $265 million, representing year-over-year growth of between 14% and 23%, GAAP operating income of between $5 to $9 million and Adjusted EBITDA of between $20 to $24 million, representing year-over-year growth of Adjusted EBITDA between 30% to 56%.
Management Commentary
Adi Sfadia, Gilat's CEO, commented: "We are pleased with our strong results, especially with the solid improvement in our profitability. We continue to successfully capitalize on the opportunities in our pipeline, and we see increasing growth potential in our end-markets for the coming years. Looking out to the rest of the year, we feel increasingly comfortable and remain on target to meet our goals.
This was an exceptional quarter with significant multimillion dollar orders for Gilat's next generation platform, SkyEdge IV. We expanded the global strategic relationships with our partners, the satellite operators, SES and Intelsat, and are competing on important GEO VHTS opportunities in our pipeline with additional major satellite operators. Furthermore, our SSPA business for this new and exciting market is progressing as planned, and as such, we believe we are well positioned to seize opportunities in the multibillion market of the next era of satellite communication.
We received more than $10 million in new Cellular Backhaul orders this quarter as we continue to expand our global leadership. We are encouraged with the progress in our strategic markets of Inflight Connectivity and Maritime as well as with our growing business in Defense and Enterprise, and we see a growing set of additional opportunities."
Mr. Sfadia concluded, "Given our ongoing strong performance, we reiterate our 2022 guidance and expect a year of solid growth in revenue and improved profitability."”
Zakarwarrior
4年前
Gilat's Electronically Steerable Antenna (ESA) for IFC Achieves Breakthrough During Airbus Flight Tests Operating on Spacecom's Advanced Satellite
Source: GlobeNewswire Inc.
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today a breakthrough in electronically steerable antenna (ESA) technology for in-flight connectivity (IFC) with the conclusion of flight tests conducted by Airbus Defence and Space, marking the successful completion of the final phase of the five-year Clean Sky 2 IFC ESA project. Connectivity was demonstrated on Spacecom’s AMOS-17 advanced digital Ka band satellite.
Gilat's ESA technology, operating with Gilat's SkyEdge II-c platform and Taurus aero MODMAN, is proven to be at the forefront of the next-generation of the ESA IFC market. Gilat’s ESA is a flat antenna that is fully-integrated and validated on the Airbus C295 Flight Test Bed 2, an in-flight demonstrator of the European Clean Sky 2 research and innovation program, part of the EC Horizon 2020 initiative.
“Gilat’s ESA demonstrated a high level of robustness throughout the test flights, maintaining a stable link during quite aggressive maneuvers of the aircraft, and over-achieving performance expectations,” said Luis Benitez, Chief Engineer of Clean Sky 2 Regional FTB2 at Airbus. “Gilat’s ESA, conformally integrated within the wing-to-fuselage fairing of the airplane without adding aerodynamic drag, supports a more efficient, quieter, and more advanced aircraft for a wide variety of applications.”
“Spacecom is excited to have provided the satellite capacity to enable the successful flight-test milestone for our partner, Gilat,” said Ofer Asif, SVP of Business Development, Marketing and Strategy at Spacecom. “Spacecom’s Amos-17 Ka satellite was used with a steerable beam pointed to the flight area in Southern Spain, and cross linked to a fixed beam serving the SkyEdge II-c Hub."
"The successful flight-test of our fully integrated ESA technology was done in collaboration with our long-standing partners FBM, Airbus, and Spacecom, setting the standard for next generation of SATCOM systems for IFC," said Alex Volodarsky, Director of SatCom On-the-Move Programs at Gilat. “We have proven our ability to develop and deliver state-of-the-art ESA technology operating with Taurus, our globally-deployed aero MODMAN, that adheres to the most stringent requirements of the aerospace industry. We expect our ESA technology to be widely adopted in the IFC market in the coming years, especially in view of numerous NGSO constellation deployment plans.”
Gilat's ESA will be displayed at Gilat's booth #1520 at the Satellite 2022 show, March 21-24.
About Clean Sky
Clean Sky is the largest European research program developing innovative, cutting-edge technology aimed at reducing CO2, gas emissions and noise levels produced by aircraft. Funded by the EU’s Horizon 2020 program, Clean Sky contributes to strengthening European aero-industry collaboration, global leadership and competitiveness.
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. Gilat controlling shareholders are the FIMI Private Equity Funds. For more information, please visit: www.gilat.com
Zakarwarrior
4年前
Intelsat Expands In-Flight Connectivity Capabilities with Strategic Multimillion-Dollar Order for Gilat's SkyEdge IV Taurus Modems
Source: GlobeNewswire Inc.
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that Intelsat is expanding its in-flight connectivity (IFC) capabilities with a strategic multimillion-dollar order for Gilat’s SkyEdge IV Taurus modems.
SkyEdge IV Taurus is an ultra-high-performance modem for IFC designed to provide Wi-Fi internet and IPTV for passengers on commercial airlines, regional aircraft and business jets. Taurus is backward compatible, thus preserving past investments with the proven SkyEdge II-c platform, already deployed globally. This will enable Intelsat to continue to deliver high-quality IFC capabilities to its customers and an enhanced user experience, as well as to make a strategic move to embrace new technologies, such as those offered in the SkyEdge IV platform.
SkyEdge IV, launched earlier this month by Gilat, is a scalable, next-generation software-centric SATCOM ground system optimized for multi-orbit constellations and very high throughput satellites (VHTS). Gilat's SkyEdge IV Elastix Access Scheme enables high availability and superior operational efficiencies using adaptive transmission technologies to support a variety of IFC solutions using Taurus modems on different types of aircraft on a single network.
“Giving our customers the ability to provide air travelers the ultimate in-flight online experience is very important to us here at Intelsat. That’s why we continue to work with Gilat and are embracing their Taurus aero modem solution as a key element in our IFC offering," said Dave Bijur, senior vice president of Commercial Aviation at Intelsat. "With Taurus enhancing our in-flight capabilities, we stand ready to capture a larger share of the resurgent IFC market."
"It is precisely these passenger needs that are supported by SkyEdge IV Taurus, which enables delivery of reliable, high-performance connectivity solutions to air travelers. At this time, when the global IFC market is poised to rebound, more and more travelers will be relying on Intelsat, operator of one of the world’s largest integrated IFC satellite networks," said Amir Yafe, VP of Mobility & Global Accounts at Gilat. "We value our close partnership with Intelsat and are pleased to take part in this endeavor to expand their network with Gilat’s Taurus modems and our new SkyEdge IV platform.”
About Intelsat
As the foundational architects of satellite technology, Intelsat operates the world’s most trusted satellite telecom network. We apply our unparalleled expertise and global scale to connect people, businesses, and communities, no matter how difficult the challenge. Intelsat is building the future of global communications with the world’s first hybrid, multi-orbit, software-defined 5G network designed for simple, seamless, and secure coverage precisely when and where our customers most need it. Follow the leader in global connectivity and “Imagine Here,” with us, at Intelsat.com.
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 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-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
midastouch017
4年前
Intelsat Makes Strategic Selection with a Significant Initial Order of Gilat's New SkyEdge IV Platform for Its Newest High Throughput Satellite
https://finance.yahoo.com/news/intelsat-makes-strategic-selection-significant-120200933.html
SkyEdge IV will enable multi-service capabilities for Intelsat’s IS-40e, providing expanded capacity over North America for in-flight connectivity and cellular backhaul
PETAH TIKVA, Israel, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that Intelsat completed a strategic selection process and placed a significant initial order for Gilat’s new SkyEdge IV platform, which will be used for its latest high throughput satellite, Intelsat IS-40e, designed to augment inflight connectivity and mobile backhaul services over North America.
SkyEdge IV is Gilat's next generation platform designed to operate with new, adaptable very high throughput satellites (VHTS) to provide end-users the required capacity where and when needed. SkyEdge IV ensures unified operation with standard interfaces for network orchestration and seamless integration between the space and ground segments. Gilat's Elastix-TotalNMS will support Intelsat's current and future satellites to orchestrate network management of a unified network.
“Through our collaborative work with Gilat's SkyEdge IV platform on IS-40e, Intelsat will expand the capacity of our network serving North America," said Carmel Ortiz, Vice President of Systems Innovation at Intelsat, "Its standards-based interfaces enable seamless integration with Intelsat’s unified space and ground network, thereby elevating the service levels for thousands of aircraft and leading mobile network operators across North America."
"We are honored that our valued partner, Intelsat, made a strategic decision to adopt Gilat’s next generation SkyEdge IV platform. The SkyEdge IV platform, VSATs, and network management system are optimized to support both current HTS and future very high throughput software-defined satellites and thus meet Intelsat's demanding needs," said Amir Yafe, VP of Mobility & Global Accounts at Gilat. "Gilat's SkyEdge IV is a multi-orbit, multi-service platform built to lead the satcom industry’s next generation, known as the Elastix Era, supporting cloud infrastructure, an Elastix-Access Scheme, and working in harmony with software-defined satellites.”
midastouch017
4年前
Gilat Announces Launch of SkyEdge IV, Next Generation SATCOM Ground System, Aiming to Capture a Leading Position of the Multibillion-Dollar Emerging VHTS Market Opportunity
https://finance.yahoo.com/news/gilat-announces-launch-skyedge-iv-120500888.html
SkyEdge IV is a scalable software-centric platform that will provide superior operational efficiencies and VSAT backward compatibility to preserve SkyEdge II-c customer investment
PETAH TIKVA, Israel, Feb. 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 launch of SkyEdge IV, a next generation satellite communication ground system, aiming to capture a leading position of the multibillion-dollar emerging VHTS market opportunity. SkyEdge IV will increase operational efficiencies due to scalable software centricity and provides VSAT backward compatibility to preserve SkyEdge II-c customer investment.
SkyEdge IV was built to lead the revolutionary Elastix-Era of satellite communication, where multi-orbit constellations and very high throughput satellites (VHTS) answer the demand for ubiquitous connectivity for fixed and mobility sites anywhere, answering the promise of the cloud, 5G, and IoT.
Gilat's SkyEdge IV is a multi-orbit, multi-service platform built to work in harmony with software defined satellites and support cloud software defined network (SDN) centric infrastructure. The platform is equipped with Elastix-TotalNMS to orchestrate network management for a unified network.
Furthermore, SkyEdge IV includes Aquarius, a family of ultra-high-performance VSATs reaching over 2Gbps total throughput. An Elastix-Access Scheme simultaneously supports any application, even in the most demanding and dynamic conditions. In addition, SkyEdge IV maintains backward compatibility to Gilat's renowned SkyEdge II-c VSATs.
"Gilat is bringing to market SkyEdge IV, an unprecedented deep-tech software-centric platform that will make the future multibillion-dollar VHTS market opportunity a reality," said Hagay Katz, Gilat’s Chief Product and Marketing Officer. "I am pleased to report that we have already secured significant orders for this leading platform."
midastouch017
4年前
Gilat and Intelsat Expand Their Strategic Partnership in Commercial Aviation
https://finance.yahoo.com/news/gilat-intelsat-expand-strategic-partnership-120400243.html
Gilat technology for in-flight connectivity will empower expansion of in-flight service in Asia and meet the post-COVID demand for commercial and business aviation services
PETAH TIKVA, Israel, Jan. 24, 2022 (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 is expanding its strategic partnership in commercial aviation with Intelsat, operator of the world’s largest integrated satellite and terrestrial network headquartered in McLean, Virginia.
To enable the expansion of commercial and business aviation services in Asia, Intelsat will be using Gilat’s SkyEdge II-c system, which, in addition to providing in-flight connectivity, is designed to deliver fixed and mobility services for maritime and land-mobility, as well. Its industry-leading network management system, TotalNMS, enables full configuration, control and monitoring of all system elements and remote terminals. SkyEdge II-c is a proven operational system that allows aviation service providers like Intelsat to streamline service fulfillment and provide a superior user experience to airline passengers.
"Thanks to our close relationship with Gilat, as well as the technological advantages and benefits that they provide, we’ll be ready for the post-COVID mainstream adoption of IFC among travelers throughout parts of Asia,” said Intelsat Senior Vice President of Commercial Aviation, Dave Bijur. “We look forward to continued collaboration to further grow the network in 2022, which will result in significant revenue growth in the IFC segment.”
"We value our strong, continuing partnership with Intelsat, and are looking forward to seeing the expanded service coverage in Asia, supporting Intelsat’s efforts to deliver in-flight connectivity internationally," said Amir Yafe, VP of Mobility & Global Accounts at Gilat. "This network expansion is a testament to the strength of Gilat technology for IFC. The expanded network will address the increased demand for internet connectivity in the commercial and business aviation market on a global scale and, with the current recovery of global aviation, the timing couldn’t be better."
About Intelsat
As the foundational architects of satellite technology, Intelsat operates the world’s most trusted satellite telecom network. We apply our unparalleled expertise and global scale to connect people, businesses, and communities, no matter how difficult the challenge. Intelsat is building the future of global communications with the world’s first hybrid, multi-orbit, software-defined 5G network designed for simple, seamless, and secure coverage precisely when and where our customers most need it. Follow the leader in global connectivity and “Imagine Here,” with us, at Intelsat.com.
midastouch017
4年前
Gilat Captures Greater Maritime Market Share in New Deal with Eurasian Satellite Service Provider
https://finance.yahoo.com/news/gilat-captures-greater-maritime-market-120400799.html
Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that the Company has captured a greater share of the maritime market in a new deal with a Eurasian satellite service provider that is set to enable expanded maritime connectivity in the region.
Gilat’s SkyEdge II-c system, equipped with Gemini and Capricorn VSATs, will be used to deliver connectivity for vessels at sea, primarily providing broadband communication for commercial fishing and maritime transport market segments.
“Our penetration into the maritime market in Eurasia further fortifies Gilat's global mobility leadership in the satellite communication market," said Barak Lerer, Gilat's Regional Vice President for EMEA & Eurasia. “Maritime is an important strategic focus market for Gilat and we are proud of this achievement, capturing more of the market and enabling satellite communication for fishing, maritime transport, and other industries in Eurasia.”
midastouch017
4年前
Leading Mobile Operator in Mexico Extends 4G Cellular Backhaul Recurring Revenue Managed Services Project with Gilat
https://finance.yahoo.com/news/leading-mobile-operator-mexico-extends-120500853.html
Gilat’s superior end-to-end solution ensures reliable cellular and disaster recovery services in remote regions throughout Mexico
PETAH TIKVA, Israel, Jan. 10, 2022 (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 received a 12-month extension on its recurring revenue managed services 4G cellular backhaul project with a leading Mobile Network Operator (MNO) in Mexico.
The leading MNO is providing 3G and 4G services over Gilat's satellite backhaul to remote regions where terrestrial means, such as fiber and microwave, are not available. In addition, Gilat's satellite platform allows the mobile operator to use transportable VSATs for disaster recovery, thus ensuring connectivity anywhere in Mexico at all times.
“This customer has extended its managed services 4G cellular backhaul project with us due to the value provided by Gilat’s comprehensive end-to-end service and our local presence in the region,” said Tobias Dezordi, Gilat’s Regional Vice President for Latin America. “Ongoing business with industry leaders is a testament to Gilat's technological superiority, as well as to our expertise in delivering highly reliable services that meet rigorous SLAs.”
midastouch017
4年前
Tier-1 Mobile Network Carrier in Japan Expanding Their 4G Cellular Network with Gilat's Backhaul over Satellite
https://finance.yahoo.com/news/tier-1-mobile-network-carrier-120500705.html
Gilat receives order for additional VSATs to enable the operator's 4G/LTE network growth
PETAH TIKVA, Israel, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today it has received an order for additional VSATs from its Tier-1 mobile network carrier customer in Japan.
Using Gilat’s unique SkyEdge II-c cellular backhaul system, the mobile network carrier will be expanding their cellular backhaul over satellite. This will enable further growth of their 4G/LTE network into rural zones that are lacking fiber access.
“This additional order is a vote of confidence and a testament to the quality and effectiveness of our cellular backhaul over satellite solution,” said Michal Aharonov, Chief Commercial Officer at Gilat. “As a flexible and modular platform, SkyEdge II-c can readily support the advanced features present in the operator's open architecture. With technology that enables timely deployment for network extension, Gilat is helping to create a dynamic that massively benefits the local population, as well as setting an enviable example of implementation that can be used by similar MNOs in other countries.”
midastouch017
4年前
One of World’s Largest MNOs to Deploy Gilat’s 4G Cellular Backhaul over Satellite Technology
https://finance.yahoo.com/news/one-world-largest-mnos-deploy-122000260.html
Gilat will enable the MNO to provide Voice and Data over LTE to its subscribers, with deployment expected in first quarter of 2022
PETAH TIKVA, Israel, Jan. 03, 2022 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that one of the world’s largest Mobile Network Operators (MNOs) will deploy 4G cellular backhaul over satellite technology from Gilat.
The top-tier MNO, serving hundreds of millions of subscribers in Asia, will implement Gilat’s SkyEdge II-c system and Capricorn Outdoor VSATs, which will enable improved Voice and Data over LTE services for its mobile subscribers. This 4G cellular backhaul solution over satellite is expected to be deployed in the first quarter of 2022.
"This new deal represents a major market penetration achievement with significant upside potential for Gilat," said Michal Aharonov, Chief Commercial Officer at Gilat. "Already proven worldwide with market adoption of about 80%, our industry-leading 4G cellular backhaul over satellite solution was selected because of its superior technology and proven track record. We expect to see an expansion of business with this top-tier MNO, and other MNOs throughout the world, as we move forward into 2022.”
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