Brazil's Amazonian Protection System will deploy a Gilat SkyEdge II broadband satellite communications network at more than 1,000 sites.
Gilat Satellite Networks Ltd. (Nasdaq: GILT; TASE: GILT) today announced that Brazil's Amazonian Protection System (SIPAM) will deploy a Gilat SkyEdge II broadband satellite communications network at more than 1,000 sites. Gilat did not disclose the size of the deal.
SIPAM operates a sophisticated network of cartography and telemetry systems that provide information to help manage weather forecasting, security, and other public services in the Amazon basin. The SkyEdge II VSAT network will serve as the foundation of SIPAM's efforts to modernize its communications infrastructure. The new broadband satellite network will enable SIPAM to more effectively disseminate critical information to Amazonian states and cities and the dozens of institutions and isolated sites that rely on SIPAM data to meet the demands of the region's population.
Gilat's share closed at $5.20 on Nasdaq yesterday, giving a market cap of $209 million. The share fell 1.2% on the TASE today to NIS 19.78.
Published by Globes [online], Israel business news - www.globes-online.com - on February 23, 2010
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