Gilat Provides Hub and SkyEdge IP VSATs to HCL Comnet in India
June 09 2005 - 11:00AM
Business Wire
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.
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