Gilat has obtained an order with a possible of over $ 50 million to provide Wavestream’s gateway solid-state energy amplifiers for the Earth orbit constellation

Gilat Powers LEO constellation with an estimated contract value of over $ 50 million

Wavestream is the perfect provider of high-volume gateway-class SSPAs

PETAH TIKVA, Israel, February 1, 2021 (GLOBE NEWSWIRE) – Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a global leader in technology, solutions and services for satellite networks, today announced that its subsidiary Wavestream has received an award estimated at $ 50 million from a leading satellite operator to support the gateways for broadband -Satellite constellation in Low Earth Orbit (LEO). Wavestream was selected to provide Gateway Solid State Power Amplifiers (SSPAs) for the project.

Specifically designed for networks with large bandwidth uplinks and high order modulation schemes, Wavestream’s Gateway-class PowerStream 160Ka SSPAs have been selected for their world-class technical performance and unsurpassed reliability in harsh environments to meet the stringent requirements of non- Geostationary Satellite Orbit (NGSO) constellations.

“Wavestream was selected as the preferred provider to help deliver critical gateways for the Low Earth Orbit satellite program,” said Bob Huffman, general manager of Wavestream. “Wavestream’s proven technological advantage as well as our unmatched production capacity make us a perfect supplier for the high volume of Ka-band gateway-class SSPAs required for this constellation.”

About Wavestream
Wavestream, a subsidiary of Gilat, is an industry leader in the design and manufacture of high performance, next generation satellite communications transceivers for the In Flight Connectivity, Ground Mobility and Gateway markets. Since 2001 we have been offering system integrators tried and tested, high-performance Ka-, Ku- and X-band solid state power amplifiers (SSPAs), block-up converters (BUCs), block-down converters and transceivers. We develop, manufacture and repair our products in-house and have delivered over 40,000 systems in the last 15 years. Wavestream products offer high quality and reliability under the toughest environmental conditions. We are currently certified according to the ISO 9001: 2008 and AS9100D standards. More information is available at www.wavestream.com

About Gilat
Gilat Satellite Networks Ltd. (NASDAQ: GILT, TASE: GILT) is a leading global provider of satellite-based broadband communications. With 30 years of experience, we develop and manufacture state-of-the-art ground segment devices and offer comprehensive solutions and end-to-end services based on our innovative technology. Our portfolio offers high quality, competitive solutions and includes a cloud-based VSAT network platform, high-speed modems, high-performance antennas for on the go, and high-efficiency high-performance solid-state amplifiers (SSPA) and block-up converters (BUC).

Gilat’s comprehensive solutions support multiple applications with a full portfolio of products to meet critical applications such as broadband access, cellular backhaul, enterprise, in-flight connectivity, maritime, train, defense and public safety while meeting the most stringent service level requirements . Gilat majority shareholders are the FIMI Private Equity Funds. Further information can be found 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,” “intent,” “expectation,” “belief” and similar expressions are intended to be forward-looking Identify statements. These forward-looking statements involve known and unknown risks and uncertainties. Many factors could cause Gilat’s actual results, performance, or achievements to differ materially from future results, performance, or achievements that may be expressed or implied by such forward-looking statements, including but not limited to the risk of the outbreak and global risk spread the coronavirus (COVID-19) pandemic; Changes in general economic and business conditions, inability to maintain market acceptance for Gilat products, inability to develop and introduce new technologies, products and applications in a timely manner, rapid market changes for Gilat products, loss of market share and price pressures due to competition, introduction of competing ones 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 and its location’s international activities in Israel. For additional information about these and other risks and uncertainties relating to Gilat’s business, see Gilat’s reports, which from time to time are filed with the Securities and Exchange Commission. We assume no obligation to update or revise any forward-looking statements for any reason.

Contact:
Gilat satellite networks
Doreet Oren, Director of Corporate Communications
DoreetO@gilat.com

GK investor and public relations
Ehud Helft, managing partner
ehud@gkir.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d1cc828-ac90-4937-b044-d7be09b4b622

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