Terabeam (NASDAQ:TRBM)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Terabeam Charts. Click Here for more Terabeam Charts.](/p.php?pid=staticchart&s=N%5ETRBM&p=8&t=15)
Reissuing release to add ticker symbol for searching purposes.
The release reads:
GILAT TO PROVIDE BROADBAND WIRELESS ACCESS SOLUTIONS WITH PROXIM
WIMAX PRODUCTS
Gilat’s SkyMP Solution Chosen by
Asiainfo for Business and Consumer Broadband Wireless Services in
Kyrgyzstan
Gilat Satellite Networks Ltd. (Nasdaq:GILT) today announced that it has
entered into an OEM purchase and global marketing agreement with Proxim
Wireless Corporation, a wholly-owned subsidiary of Terabeam, Inc
(NASDAQ:TRBM). The agreement is part of an implementation by Gilat of
its strategy to expand its product portfolio using Gilat's core
competencies. Leveraging its strong global sales, turnkey project
implementation, satellite backhaul solutions and local support
capabilities, Gilat now offers WiMAX, Wi-Fi Mesh and other Broadband
Wireless Access solutions, to its existing and potential customers.
Gilat has established a wireless solutions department which will market
the wireless products — SkyMP.16™
for WiMAX technology and SkyMP.11™ for
license-free frequencies. The new department is headed by Tal Meirzon,
who, for over 10 years, has held a variety of senior positions at Gilat,
including his most recent position as vice president of marketing and
business development for Gilat Network Systems. Mr. Meirzon will
continue to serve as Gilat Network System's vice president of business
development in addition to his new position as general manager, wireless
solutions.
Gilat also announced today that it has received its first Broadband
Wireless Access order, from Asiainfo, an Internet Service Provider in
Kyrgyzstan. Gilat will provide Asiainfo with an end to end solution
which will include a Broadband Wireless Access and wireless backhaul
solution. The solution will enable Asiainfo to deliver broadband
wireless services for businesses and consumers throughout Kyrgyzstan's
capital, Bishkek. Asiainfo is an existing Gilat customer, that recently
deployed a SkyEdge broadband satellite hub within its network.
"The markets which require broadband satellite communications often have
a need for Broadband Wireless Access technology," said Amiram Levinberg,
Chairman and CEO of Gilat Satellite Networks Ltd. "Proxim's WiMAX
expertise and product offering, coupled with our strong presence in
emerging markets, wide range of satellite technologies, network planning
and systems integration capabilities, underscores the synergistic value
of this cooperation. The new contract with Asiainfo is an excellent
example of how we can now cater to our customers' broadband wireless
access and satellite communications needs through a single point of
contact. We have targeted the broadband wireless market as one of Gilat’s
future growth engines and are now well-positioned to provide a one stop
shop for broadband wireless solutions, on a nationwide basis including
rural and remote areas," he added.
WiMAX is an emerging standard for interoperability of Broadband Wireless
Access technologies. As a leader in Broadband Wireless technology,
Proxim's products will expand Gilat's offering to include WiMAX and
Wi-Fi Mesh as additions to its satellite networking solutions. This will
enable Gilat to provide wireless Pico base-station architecture - all
outdoor, scalable and cost effective data, voice and video solutions.
Furthermore, in nationwide deployments, satellite backhaul is often used
to connect last mile WiMAX to the Internet backbone.
Proxim's CEO, Robert E. Fitzgerald said, "We are excited to be working
with Gilat to bring end-to-end satellite/terrestrial wireless networks
to market. Gilat’s well established global
sales together with its turnkey project offering presents an excellent
opportunity to reach new customers and markets. We believe that through
this relationship we will be able to provide better value to these
markets and customers."
About Gilat Satellite Networks Ltd.
Gilat Satellite Networks Ltd. (Nasdaq:GILT) 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 worldwide; (ii)
Spacenet Inc., which provides managed services in North America for
businesses and governments through its Connexstar service brand and 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 670,000 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 16 sales and service offices
worldwide. Gilat markets the SkyEdge ™ Product
Family which includes the SkyEdge™ Pro, SkyEdge™
IP, SkyEdge™ Call, SkyEdge™
DVB-RCS and SkyEdge™ Gateway. In addition,
the Company markets numerous other legacy products.
About Proxim Wireless Corporation
Proxim Wireless Corporation is a wholly-owned subsidiary of Terabeam,
Inc. (NASDAQ:TRBM). Proxim Wireless is a global pioneer in developing
and supplying scalable broadband wireless networking systems for
enterprises, governments, and service providers. From Wi-Fi to wireless
Gigabit Ethernet - our WLAN, Wi-Fi Mesh, point-to-multipoint, and
point-to-point products are available through our extensive global
channel network, backed by world-class support. Proxim is a Principal
Member of the WiMAX Forum and is ISO-9001 certified.
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.