Gilat Satellite (NASDAQ:GILTF)
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Gilat Satellite Networks Ltd. (Nasdaq: GILTF) today
announced that Six Continents Hotels, Inc. (SCH), a member of
InterContinental Hotels Group (IHG) (LON:IHG, NYSE:IHG (ADRs)), the
world's largest hotel group by number of rooms, has extended its
enterprise network services contract with Spacenet Inc. through
December 31, 2008. In addition to the extension of the contract for
Spacenet's satellite networking services at more than 2,500 locations
across the United States and Canada, SCH will also utilize Spacenet's
SmartCare(TM) enterprise-grade network management services.
Spacenet is providing its new SmartCare managed network services
and will serve as a single point of contact for the management of SCH
network services and Level 1 Help Desk 24 x 7 x 365. Spacenet's
SmartCare managed network services provide advanced network
monitoring, management and performance measurement services to enhance
network reliability and security. As part of the service, Spacenet
will proactively monitor and respond to problem resolution issues and
analyze network configurations to provide maximum performance and
reliability for critical applications.
Spacenet has provided SCH with a comprehensive VSAT network
solution since the initial network rollout in 2001. The satellite
network supports broadband IP applications for guest reservation
systems, credit card authorization and polling services to hotels and
is designed for maximum scalability to support potential future
applications.
IHG's Americas VP of Technology and Services Gustaaf Schrils said,
"In order to support our mission-critical operations requirements, we
require the optimum in telecommunications reliability and efficiency.
Spacenet's satellite network services have enabled us to achieve high
reliability network solutions optimized for the specific needs of our
hotels. Now we are leveraging Spacenet's expertise in network
management to enhance our efficiency and cost-effectiveness. SmartCare
network management from Spacenet makes sense for us on an economic
basis, as well as an enhanced performance basis."
Spacenet's President and CEO Bill Gerety said, "InterContinental
Hotels Group is a longtime leader in the hospitality industry, and we
look forward to providing continued support for their critical network
requirements with this contract extension. We are honored to have been
chosen as their managed services solutions provider and are confident
that we will meet their needs and exceed their expectations.
Spacenet's advanced SmartCare managed network services represent our
networking strengths beyond our connectivity capabilities. With our
comprehensive managed services, we more fully support the complete
networking requirements of our customers, helping them improve
operations and optimize growth."
About InterContinental Hotels Group:
InterContinental Hotels Group PLC of the United Kingdom (LON:IHG,
NYSE:IHG (ADRs)) is the world's largest hotel group by number of
rooms. InterContinental Hotels Group owns, manages, leases or
franchises, through various subsidiaries, over 3,600 hotels and
537,000 guest rooms in nearly 100 countries and territories around the
world. The Group owns a portfolio of well recognised and respected
hotel brands including InterContinental(r) Hotels & Resorts, Crowne
Plaza(r) Hotels & Resorts, Holiday Inn(r) Hotels and Resorts, Holiday
Inn Express(r), Staybridge Suites(r), Candlewood Suites(r) and Hotel
Indigo(TM), and also manages the world's largest hotel loyalty
program, Priority Club(r) Rewards.
InterContinental Hotels Group offers information and online
reservations for all its hotel brands at www.ichotelsgroup.com and
information for the Priority Club Rewards program at
www.priorityclub.com.
For the latest news from InterContinental Hotels Group, visit our
online Press Office at www.ihgplc.com/media.
About Spacenet:
Spacenet is the worldwide services group of Gilat Satellite
Networks Ltd. (Nasdaq: GILTF). Spacenet Inc., based in McLean,
Virginia, provides connectivity, value-added applications and managed
networks to customers in North America and worldwide, including its
Connexstar satellite and hybrid terrestrial broadband networking
solutions for enterprise and government customers, and StarBand
residential and small-office VSAT services. Spacenet has more than 20
years of experience providing wide area networks, application support,
customer care and network management for some of the largest
satellite-based networks in the world. Visit Spacenet at
www.spacenet.com.
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 three business units: (i) Gilat
Network Systems ("GNS"), which is a provider of network systems and
associated professional services to service providers and operators;
(ii) Spacenet, which provides managed services for businesses and
governments through its Connexstar service brand, for consumers
through its StarBand service brand; (iii) Spacenet Rural
Communications, which offers rural telephony and Internet access
solutions to remote areas primarily in Latin America.
Gilat was founded in 1987 and has shipped over 600,000 Very Small
Aperture Terminals (VSATs) to more than 85 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.