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Gilat Satellite Networks Ltd. was a flat trader on below average volume early trading Tuesday, April 22, 2008. They recently announced the following:
Tuesday, April 22, 2008 Gilat Satellite Networks Ltd. announced it has begun deployment of a 1,500-site SkyEdge II broadband satellite network for Axesat, one of Latin America's leading satellite service providers.
Axesat will use the Gilat SkyEdge II VSATs to provide enterprises in Latin America with private networking services including interactive data, broadband Internet access, and Voice over Internet Protocol (VoIP). Axesat is a long time customer of Gilat, having deployed Gilat 360e and SkyEdge networks in the past.
SkyEdge II is a standards-based system using DVB-S2 and DVB-RCS. With better efficiencies and full adaptivity for both the inbound and outbound channels, it provides higher performance that serves the growing requirements of end-users. SkyEdge II is well-suited for diverse environments including enterprises, rural networks, cellular backhaul and government network applications. Enabling satellite service providers to benefit from significant space-segment savings, SkyEdge II provides an excellent solution in the current space-capacity market environment.
"Gilat has demonstrated its ability to introduce new technology that meets the evolving needs of our market segments," said Axesat General Manager Mauricio Segovia. "SkyEdge II provides us the competitive advantage we need to best serve the complex requirements of Latin American enterprises."
Erez Antebi, CEO of Gilat Network Systems, (GNS), said, "Axesat and numerous other operators are discovering how deployment of SkyEdge II can result in lower operational expenses and increased capabilities. We are grateful for the opportunity to continue our successful relationship with Axesat by providing them with a superior satellite platform."
SkyEdge II adds new capabilities to Gilat's industry-leading SkyEdge family of VSAT products. Gilat's SkyEdge portfolio enables the delivery of high-quality voice, broadband data and video services. SkyEdge represents Gilat's extensive knowledge base and field-proven product offering, acquired through two decades of experience. SkyEdge's flexible architecture and efficient space segment utilization make it an ideal platform for operators and service providers. With Gilat's comprehensive SkyEdge portfolio, service providers can choose the most suitable product for their application needs.
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