PETAH TIKVA, Israel, March 20, 2013 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq:GILT), a worldwide leader in satellite networking technology, solutions and services, today announced that Spanish satellite operator HISPASAT is expanding its broadband satellite-based network with an additional SkyEdge II system. The new contract marks the third segment expansion of the network launched in 2011 in support of the Spanish government's Avanza 100% broadband access program.
The SkyEdge II system will support thousands of new broadband users residing in under-serviced areas across Spain expected to join the network by the end of this year.
"The ongoing success of this project is made possible thanks to the strong partnership Gilat and HISPASAT have developed collaborating on this national initiative," said Pedro Pinto Marin, Director Broadband Services at HISPASAT. "The flexibility embedded in Gilat's SkyEdge II system allowed us to offer our customers residing in under-serviced areas a true alternative for broadband access both in terms of performance and price."
As part of the network, Gilat's SkyEdge II system supports 32APSK Adaptive Coding and Modulation transmission to maximize space segment efficiency. Combined with the beam capabilities of HISPASAT's 1E satellite, the network can boast speeds of up to 100 Mbps per 36 MHz transponder. This is a key feature for providing high quality services for the residential sector at prices low enough to rival those offered by terrestrial networks.
"We are delighted to have been awarded this opportunity to strengthen our relationship with HISPASAT. Their satellite engineering excellence coupled with Gilat's innovative technology has proved that efficient and optimized VSAT solutions can be applied to the residential internet access market," said Aharon Fuchs, Gilat's Regional Vice President Europe. "We look forward to applying our combined expertise to other markets across the world, and to leveraging new Ka-band frequencies as they become available."
About HISPASAT
The HISPASAT Group is comprised of companies with a presence in Spain as well as Latin America, where its Brazilian affiliate HISPAMAR operates the Amazonas fleet of satellites. The Group is the leading satellite communications operator in the broadcast and distribution of content in Spanish and Portuguese, including the transmission of the major Direct to Home (DTH) and High Definition digital television platforms. HISPASAT is one of the world's largest companies in the sector by revenue and the main communications bridge between Europe and Latin America.
About Gilat
Gilat Satellite Networks Ltd (Nasdaq:GILT) (TASE:GILT) is a leading provider of products and services for satellite-based broadband communications. Gilat develops and markets a wide range of high-performance satellite ground segment equipment and VSATs, with an increasing focus on the consumer and Ka-band market. In addition, Gilat enables mobile SOTM (Satellite-on-the-Move) solutions providing low-profile antennas, next generation solid-state power amplifiers and modems. Gilat also provides managed network and satellite-based services for rural telephony and Internet access via its subsidiaries in the United States, Peru and Colombia.
With over 25 years of experience, and over a million products shipped to more than 85 countries, Gilat has provided enterprises, service providers and operators with efficient and reliable satellite-based connectivity solutions, including cellular backhaul, banking, retail, e-government and rural communication networks. Gilat also enables leading defense, public security and news organizations to implement advanced, on-the-move tactical communications on board their land, air and sea fleets using Gilat's high-performance SOTM solutions. For more information, please visit us at 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. 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.
David Leichner Gilat Satellite Networks, LTD. +1 516 478 9697
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