Gilat Peru Wins $9.6 Million Contract With Banco de la Nacion to Provide
Satellite Connectivity for 320 Rural Locations and a Disaster Recovery Site
SkyEdge II Solution Featuring Innovative WebEnhance VSAT Will be Used to
Deliver Data and Voice Services
PETAH TIKVA, Israel, Jan. 23, 2013 (GLOBE NEWSWIRE) -- Gilat Satellite
Networks Ltd. (Nasdaq:GILT), a worldwide leader in satellite networking
technology, solutions and services, today announced that its subsidiary Gilat
To Home Peru has been selected by Banco de la Nación, Peru's state bank, to
provide satellite connectivity for 320 rural locations as well as a disaster
recovery site in Chiclayo. The contract is for three years and is valued at
Banco de la Nación has been a Gilat customer for over ten years. In this new
project, Gilat's SkyEdge II solution, featuring the innovative WebEnhance
VSAT, will be used to bring broadband connectivity to the bank's many
branches. Based on Gilat's innovative CacheMode technology, WebEnhance enables
a better user experience with accelerated web browsing.
Gilat will provide satellite connectivity to outlying areas, connecting remote
offices with enterprise applications and allowing mobile and remote banking
branches to extend ATM and online banking access to customers.
"In Peru's expanding economy, a broader access to financial services is
critical for sustainable growth. The bandwidth efficiency of Gilat's SkyEdge
platform coupled with the platform's ability to sustain high-speed
connectivity make it an ideal solution to expand broadband connectivity to
remote bank locations, supporting the bank's commitment to improve social
inclusion of financial services," said Luis Saavedra Zegarra, Head of
Information Systems at Banco de la Nación.
As part of the contract, Gilat will also deploy a disaster recovery site in
the northern city of Chiclayo providing satellite backup to the Bank's data
center located in Lima. Satellite backup is used to provide full broadband
connectivity, allowing mission critical operations to continue unharmed during
emergency outages when terrestrial systems fail.
"Satellite communications is essential for banks as they work to improve
customer access to the sector's growing range of financial services. We are
happy to continue working with Banco de la Nación in supporting such an
important national initiative," said Danny Fridman, CEO of Gilat Colombia and
About Banco de la Nación Peru
Banco de La Nación's mission is to provide high quality financial solutions
that add value while contributing to the decentralization and expanded
coverage of services that increase social inclusion. The bank's vision is to
be recognized for its excellence in quality of services, the integrity of its
people and its contribution to national development. For more information
please visit www.bn.com.pe.
Gilat Satellite Networks Ltd (Nasdaq:GILT) (TASE:GILT) is a leading provider
of products and services for satellite-based broadband communications. Gilat
develops and markets a wide range of high-performance satellite ground segment
equipment and VSATs, with an increasing focus on the consumer and Ka-band
market. In addition, Gilat enables mobileSOTM (Satellite-on-the-Move)
solutions providing low-profile antennas, next generation solid-state power
amplifiers and modems. Gilat also provides managed network and satellite-based
services for rural telephony and Internet access via its subsidiaries in the
United States, Peru and Colombia.
With over 25 years of experience, and over a million products shipped to more
than 85 countries, Gilat has provided enterprises, service providers and
operators with efficient and reliable satellite-based connectivity solutions,
including cellular backhaul, banking, retail, e-government and rural
communication networks. Gilat also enables leading defense, public security
and news organizations to implement advanced, on-the-move tactical
communications on board their land, air and sea fleets using Gilat's
high-performance SOTM solutions. For more information, please visit us at
The Gilat Satellite Networks Ltd. logo is available at
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.
CONTACT: David Leichner
Gilat Satellite Networks
+1 516 478 9697
Gilat Satellite Networks Logo
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