PETAH TIKVA, Israel, June 21, 2016 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), a
worldwide leader in satellite networking technology, solutions and services, announced that its shares have been included in the
TA-100 Index of the Tel Aviv Stock Exchange (TASE) as of June 15, 2016.
“We are honored to be included in the TA-100 Index,” said Yona Ovadia, CEO of Gilat. “We are pleased that our 2015 strategic
plan is bearing fruit and are gratified by the continued support of our shareholders.”
The TA-100 is a share index of the 100 most highly capitalized companies listed on the Tel Aviv Stock Exchange. It tracks the
leading 100 shares, based on a range of criteria, including highest market capitalization and broadest shareholder diversity.
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 Peru and Colombia.
With over 25 years of experience, and over a million products shipped to more than 90 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. Gilat controlling shareholders are the FIMI Private Equity Funds. 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. We
undertake no obligation to update or revise any forward-looking statements for any reason. 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.
Contact: Gilat Satellite Networks Doreet Oren DoreetO@gilat.com Comm-Partners LLC June Filingeri, President 203-972-0186 junefil@optonline.net
