Gilat Satellite (NASDAQ:GILTF)
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Gilat Satellite Networks Ltd. (Nasdaq:GILTF) announced
today it has supplied a SkyEdge(TM) satellite hub station and over
1,500 VSATs to its long-time customer, HCL Comnet Systems & Services
Ltd., a subsidiary of HCL Enterprise (India). The SkyEdge hub station
is already operational and the deployment of the network is expected
to be completed during the second quarter of this year.
HCL Comnet, India's leading provider of satellite communications
services, plays a pivotal role in providing Gilat's VSAT technology to
that country. The new SkyEdge VSATs, introduced by HCL Comnet to the
Indian market, are interactive broadband IP VSATs, operating over an
extended C-band satellite. SkyEdge IP VSATs offer a two-way satellite
based solution, providing fast downstream and upstream throughput for
multimedia applications, large file delivery and high speed internet
access.
Mr. Sanjeev Nikore, Chief Operating Officer, HCL Comnet said, "As
India's leading VSAT service provider, we have consistently been the
first to bring the latest technological innovations to the country. In
keeping with this commitment, we are aggressively promoting the
SkyEdge technology which marks a new era in true broadband satellite
communication in India. With its capacity to enable more business per
second, this technology stands to revolutionize India's money
markets".
Mr. Giora Reish, Gilat's Associate Vice President, Sales and
Marketing, Asia said, "HCL Comnet is one of the leading networking
companies in India and handles VSAT networks data communications,
terrestrial links and complete infrastructure management services. HCL
Comnet has strong relationships with the leading technology
enterprises. Gilat's continued association with HCL is testimony to
our proven technological excellence and continued evolution."
The SkyEdge(TM) Product Family: One system. A world of
possibilities.
The SkyEdge product family supports an endless array of
applications in data, telephony and broadband IP, all using the same
hub, while lowering the total cost of ownership. The SkyEdge
represents a breakthrough in the industry. It is the first truly
comprehensive satellite communications platform with a flexible
architecture that delivers superior data, voice and video services
over a single, powerful system.
About HCL Enterprise
HCL Enterprise is a leading global technology and IT enterprise
with annual revenues of around $2.0 billion, and IT products and
services contributing to revenues of $1.1 billion. HCL Enterprise
consists of two companies listed in India: HCL Technologies
(www.hcltech.com) and HCL Infosystems (www.hclinfosystems.com). The 29
year-old enterprise, founded in 1976, is one of India's original IT
garage start-ups. Its offerings include product engineering technology
and application services, BPO, infrastructure services, IT hardware,
systems integration, and distribution of technology and telecom
products in India. The HCL team comprises 24,000 professionals of
diverse nationalities, who operate from 26 offices in 15 countries,
and 170 offices in India. HCL has global partnerships with several
major Fortune 1000 firms, including a number of IT and technology
leaders.
About HCL Comnet
HCL Comnet, a fully-owned (100%) subsidiary of HCL technologies,
is India's leading IT infrastructure management firm. A focused player
in the IT services arena, HCL Comnet seeks to provide simplified
solutions by delivering high-performance management services for
complex, distributed environments encompassing the Internet, as well
as client and legacy-based infrastructures.
HCL Comnet addresses the growing demand for cost-effective
management of technology infrastructures across geographically
dispersed locations. Committed to innovative solutions for enterprises
worldwide, the company has developed a unique model for Remote IT
infrastructure management, enabling customers to achieve superior
performance and significantly reduced costs.
About Gilat Satellite Networks Ltd.
Gilat Satellite Networks Ltd. (Nasdaq: GILTF) is a leading
provider of products and services for satellite-based communications
networks. The Company operates under two business units: (i) Gilat
Network Systems ("GNS"), which is a provider of network systems and
associated professional services to service providers and operators
and (ii) Spacenet, which provides managed services for businesses and
governments through its Connexstar service brand, for consumers
through its StarBand service brand and for rural communities through
Spacenet Rural Communications.
Gilat was founded in 1987 and has shipped over 550,000 Very Small
Aperture Terminals (VSATs) to more than 80 countries across six
continents. Gilat's headquarters is located in Petah Tikva, Israel.
The Company has 14 local offices and three service facilities
worldwide.
Gilat markets the SkyEdge (TM) Product Family which includes the
SkyEdge(TM) Pro, SkyEdge(TM) IP, SkyEdge(TM) Call, SkyEdge(TM) DVB-RCS
and SkyEdge(TM) Gateway. In addition, the Company markets numerous
other legacy products. Visit Gilat 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.