Gilat Europe announced , Gilat is market leader
|Date: Monday, May 15, 2000 / Company: Gilat|
|15 May 2000 - Gilat Satellite Networks appoints Bob Givens as president of Gilat Europe; Spacenet Europe operations now known as Gilat Europe|
New COMSYS report establishes Gilat as global VSAT market share leader
Petah Tikva, Israel, May 15, 2000 - Gilat Satellite Networks Ltd. (NASDAQ: GILTF) today announced the appointment of Bob Givens as President of Gilat Europe. The appointment is Gilat's first step in building a larger European presence and signals the Company's readiness to address Europe's growing IP and Internet-related VSAT opportunities.
Gilat is the world's leading provider of Very Small Aperture Terminal (VSAT) satellite communications networks, according to a report published on May 12 by COMSYS, a UK-based telecommunications consultancy specializing in satellite markets. COMSYS reported that Gilat sold 51 percent of interactive VSATs worldwide in 1999. This marks the fourth consecutive year of market share growth for Gilat, and the first time the Company has achieved the status of global VSAT market share leader.
Gilat acquired Spacenet Services Europe GmbH (Spacenet Europe) from GE Americom in December 1998. Gilat today announced all Spacenet Europe and Gilat operations in Europe are now known as Gilat Europe.
Prior to joining Gilat Europe, Givens served as Executive Vice President and General Manager Europe of Global One, a leading worldwide distributor of telecommunications services. Givens is a 20-year veteran of the high technology and telecommunications industries.
"With his experience in leading pan-European teams and his in-depth knowledge of the European telecommunications market, Bob is uniquely qualified to implement Gilat Europe's growth strategy," said Amiram Levinberg, President and Chief Operating Officer of Gilat Satellite Networks Ltd.
Levinberg added, "Bob will help ensure Gilat Europe continues its focus on enterprise networking applications, while assuming a leadership position with Web-related initiatives such as Network-Dependent Businesses and consumer Internet - both of which are targeted for the European VSAT market." Givens is based in Gilat Europe's Paris office. Gilat Europe's Network Operations Center is based in Stuttgart, Germany and its sales and marketing operations are based near London. Gilat Europe also has offices in Italy, the Netherlands, and the Czech Republic.
About Gilat Europe
Gilat Europe is a wholly owned subsidiary of Gilat Satellite Networks Ltd. of Petah Tikva, Israel. Gilat Europe provides a wide range of satellite communications networks and services throughout Europe, including access to satellite transponder capacity, installation of network equipment, network monitoring and control, as well as maintenance and repair. Gilat Europe is one of Europe's leading providers of VSAT networks. Its customers include the 3,500-site ATT/Peugeot-Citroen VSAT network, one of Europe's largest VSAT networks. Visit Gilat Europe at www.gilateurope.com.
About Gilat Satellite Networks
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, based in Petah Tikva, Israel, 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 Gilat-To-Home Inc., America's first consumer two-way satellite broadband Internet service provider. Gilat-To-Home is based in McLean, Va. SkyBlaster(TM), Skystar Advantage(R), SkyWay(TM), DialAway(R) and FaraWay(TM) are trademarks or registered trademarks of Gilat Satellite Networks Ltd. or its subsidiaries. Visit Gilat at www.gilat.com and Gilat-To-Home at www.gilat2home.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. Web users can visit Gilat at www.gilat.com.
Gilat Europe Media Contact:
Gidi Talmor, Gilat Europe
Gilat Media Contact:
Stan Schneider, Schneider Communications
Gilat Investor Contact:
Dianne VanBeber, Gilat Satellite Networks Ltd.
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