Gilat Satellite Networks Expresses Confidence in It's Position Regarding Competitor's Legal Allegations.Business/Technology Editors PETAH TIKVA, Israel--(BUSINESS WIRE)--May 11, 2000 Gilat Satellite Networks Gilat Satellite Networks is a publicly-traded Israeli company (NASDAQ: GILT. TASE) Gilat designs, develops and markets satellite and hybrid networking products, services and solutions to operators in 85 countries. Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : GILTF) today issued an additional statement regarding a patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. suit filed against the Company by competitor Hughes Network Systems Hughes Network Systems, LLC (HNS), is a provider of broadband satellite network products for businesses and consumers. HNS pioneered the development of high-speed satellite Internet access services and IP-based networks with its original DirecPC service but which it now markets ("HNS HNS Hughes Network Systems LLC HNS Hrvatski Nogometni Savez (Croatian Football Federation) HNS Head & Neck Surgery HNS Hughes Network Systems, Inc. "). Gilat President and Chief Executive Officer, Amiram Levinberg, commented, "We have had an opportunity to review the patents referred to in the HNS action against Gilat and are confident that Gilat's business will continue as usual and remain unaffected by the present allegations of HNS." "In my view," said Yoel Gat, Gilat's Chairman and Chief Executive Officer, "our success in the marketplace, not patent infringment, is the real catalyst behind the HNS action. We remain unconcerned by the patent claims as asserted to date." About Gilat Satellite Networks Ltd. Gilat Satellite Networks Ltd., with its global subsidiaries Spacenet Inc., Spacenet Europe and Gilat Florida Inc., is a leading provider of telecommunications solutions based on VSAT (Very Small Aperture satellite Terminal) A small earth station for satellite transmission that handles up to 56 Kbits/sec of digital transmission. VSATs that handle the T1 data rate (up to 1.544 Mbits/sec) are called "TSATs. satellite network technology. With product development and service operation under one roof, Gilat provides an "instant infrastructure" that is ubiquitous, reliable and easy to deploy. The Company, based in Petah Tikva, Israel, provides satellite-based, end-to-end enterprise networking The networking infrastructure in a large enterprise with multiple computer systems and networks of different types is extraordinarily complex. Due to the myriad of interfaces that are required, much of what goes on has little to do with the real data processing of the payroll and orders. 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), 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and 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. |
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