Business
Financial Institution in Latin America Deploying Millions of Dollars of Gilat Technology for Satellite Connectivity
Thousands of Gilat VSATs expand network reliability for a world-leading financial services company PETAH TIKVA, Israel, May 04, 2023 (GLOBE NEWSWIRE) -- Gilat
About this update from Gilat Satellite Networks Ltd.
[{"type":"text","content":"Thousands of Gilat VSATs expand network reliability for a world-leading financial services company\nPETAH TIKVA, Israel, May 04, 2023 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq: GILT, TASE: GILT), a worldwide leader in satellite networking technology, solutions, and services, announced today that a financial institution in Latin America is deploying millions of dollars of Gilat technology for satellite connectivity. Thousands of Gilat VSATs are being deployed across the country for communications backup over satellite to expand the reliability and robustness of the network, which serves branches of a world-leading financial services company. Thanks to Gilat’s innovative satellite communications technology, the financial services company is able to use existing infrastructure, preserve prior investments, and implement a robust backup over satellite solution as part of a system-wide upgrade and expansion of their network. “With satellite backup empowered by Gilat's technology, we’re able to ensure secure, robust, and reliable communication, all of which are critical for financial institutions as well as many other applications,” said Ron Levin, Chief Commercial Officer at Gilat. “The team and I are proud of the strong benefits our leading, multi-service SkyEdge II-c platform continues to provide in Latin America and around the world.” About Gilat Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With over 35 years of experience, we create and deliver deep technology solutions for satellite, ground and new space connectivity and provide comprehensive end-to-end solutions and services, powered by our innovative technology. We believe in the right of all people to be connected and are united in our resolution to provide communication solutions to all reaches of the world. Delivering high value solutions, our portfolio is comprised of a cloud-based platform and high performance satellite terminals designed to work in harmony with satellite constellations, including Very High Throughput Satellites (VHTS) and Software-Defined Satellites (SDS) in multiple orbits; high performance Satellite On-the-Move (SOTM) antennas; and highly efficient, high-power Solid State Power Amplifiers (SSPA) and Block Upconverters (BUC). Gilat’s comprehensive soluti...