PETAH TIKVA, Israel, July 9,
2018 /PRNewswire/ --Gilat Satellite Networks Ltd. (NASDAQ: GILT) (TASE: GILT), a worldwide leader in satellite
networking technology, solutions and services, is pleased to announce a collaborative project with Telesat for development of
broadband communication technology using low earth orbit (LEO) satellites. CIIRDF will fund the project to facilitate faster and
more secure data transmission over satellite.
The joint Canada-Israel innovation project will combine
Telesat's and Gilat's engineering capabilities to do live testing, using Gilat modem technology, over the Telesat Phase-1 LEO
satellite launched earlier this year. The adaptation of Gilat's leading-edge modem technology to support advanced LEO
constellations, such as the system Telesat is developing, will highlight the benefits that a high-quality satellite broadband
experience can deliver to billions of potential users worldwide who live beyond the reach of fiber networks.
"Telesat is pleased to join forces with Gilat in the development of modem technology that we will use to deliver high-speed
broadband communications over the Telesat Phase-1 LEO satellite already in orbit," said Dave
Wendling, Telesat's Chief Technical Officer. "This project will allow us to demonstrate the high performance and low
latency advantages of Telesat's LEO constellation to our tier-1 aeronautical, maritime and enterprise customers."
"Gilat shares Telesat's vision that the inherent advantages of LEO constellations will transform satellite communications and
we are delighted to take part in the joint project funded by CIIRDF," said Ron Levin VP Mobility
and Global Accounts at Gilat. "We are fully engaged in the development of customer terminals that will operate over LEO
constellations and will provide an excellent user experience over satellite for a multitude of new applications including, for
example, 5G mobile backhaul."
"This bilateral technology partnership directly supports the objectives of CIIRDF, anchored by a strong value proposition for
the collaborating firms and their customers," said Dr. Henri Rothschild, President of CIIRDF. "The
outcomes of this project will advance the technological capabilities of low earth orbit satellites, and help Telesat and Gilat
capture new opportunities in this global commercial market. Downstream, this powerful cooperation will translate into new jobs
and revenues that further strengthen economies of Israel and Canada."
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
Certain statements made herein that are not historical are forward-look ng 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, Director Corporate Communications
DoreetO@gilat.com
Comm-Partners LLC
June Filingeri, President
203-972-0186
View original content:http://www.prnewswire.com/news-releases/telesat-and-gilat-join-forces-to-develop-broadband-communication-modem-technology-for-low-earth-orbit-leo-satellites-300677585.html
SOURCE Gilat Satellite Networks