gilat.com
VSAT satellite communications network from Gilat Satellite Networks is selected to provide broadband Internet service to consumers in China
PC-based SkyBlaster(TM) platform is foundation for service
Petah Tikva, Israel, December 4, 2000 - Gilat Satellite Networks Ltd. (NASDAQ: GILTF) has been selected by Shanghai Jianhua Satellite Network Co. Ltd. (Jianhua) to provide a 1,000-site SkyBlaster Very Small Aperture Terminal (VSAT) satellite communications network that Jianhua intends to use to provide broadband Internet services to Chinese consumers. This agreement was originally announced in Gilat's Nov. 13, 2000 earnings press release.
Erez Antebi, Gilat's General Manager, Asia, Africa and Pacific Rim, said, "The Chinese are rapidly embracing the Internet and are becoming Asia's largest Internet opportunity. Our leading satellite-based Internet solutions are well suited to delivering Internet access to Chinese consumers, no matter where they are located."
Recent reports by both the Yankee Group and International Data Corporation confirmed that China will become the largest Internet user base in Asia - with more than 16 million users - by 2003, surpassing Japan. By 2005, China's Internet users will outnumber those in the United States, the reports predict.
About Gilat Satellite Networks Ltd.
Gilat Satellite Networks Ltd., with its global subsidiaries Spacenet Inc., Gilat Europe and Gilat Florida Inc., is a leading provider of telecommunications solutions based on VSAT satellite network technology. The Company provides satellite-based, end-to-end enterprise networking and rural telephony solutions to customers across six continents, and markets interactive broadband data services. The Company is a joint venture partner, with Microsoft Corp., EchoStar Communications Corp. and ING Furman Selz Investments, in StarBand Communications Inc., America's first consumer, nationwide, always-on, two-way, high-speed satellite broadband Internet service provider. StarBand is based in McLean, Va. SkyBlaster(TM), Skystar Advantage(R), DialAw@y IP(TM) and FaraWay(TM) are trademarks or registered trademarks of Gilat Satellite Networks Ltd. or its subsidiaries. Visit Gilat at www.gilat.com and StarBand at www.starband.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.
Gilat Media Contact:
Stan Schneider,
Schneider Communications
(954) 435-3310;
stan@schneidercom.com
Gilat Investor Contact:
Dianne VanBeber,
Gilat Satellite Networks Ltd.
(703) 848-1515;
dianne.vanbeber@spacenet.com |
