FORM 6 - K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report on Foreign Issuer
Pursuant to Rule 13a - 16 or 15d -16
of the Securities Exchange Act of 1934
For the Month of May, 2003
Gilat Satellite Networks Ltd.
-----------------------------------------------------
(Translation of Registrant's Name into English
Gilat House, Yegia Kapayim Street
Daniv Park, Kiryat Arye, Petah Tikva, Israel
--------------------------------------------
(Address of Principal Corporate Offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
------- -------
Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
------- -------
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): N/A
---
Attached hereto and incorporated by reference herein is Registrant's press
release dated May 15, 2003, announcing that Registrant has signed an agreement
with the Russian Satellite Communications Company (RSCC) and the gaming company,
JackPot, to deploy a Skystar 360E hub and VSAT network with sites throughout the
Russian Federation.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Gilat Satellite Networks Ltd.
(Registrant)
By: /s/ Yoav Leibovitch
-----------------------
Yoav Leibovitch
Chief Financial Officer
Dated: May 15, 2003
May 15, 2003
GILAT SIGNS AGREEMENT WITH RUSSIAN SATELLITE OPERATOR, RSCC, AND GAMING COMPANY,
JACKPOT
RSCC AND JACKPOT TO DEPLOY A SKYSTAR 360E (TM) HUB AND VSAT NETWORK
PETAH TIKVA, Israel, May 14, 2003 - Gilat Satellite Networks Ltd. (Nasdaq:
GILTD; GILTF) announced today that it has signed an agreement with the Russian
Satellite Communications Company (RSCC) and the gaming company, JackPot, to
deploy a Skystar 360E hub and VSAT network with sites throughout the Russian
Federation. RSCC is Russia's largest satellite operator, with ownership of all
Russian satellites. The landmark agreement came at the end of competitive
process in which Gilat emerged as the preferred vendor. Delivery of the
equipment is expected within 60 days.
The JackPot agreement includes a Skystar 360E hub and 500 remote sites, which
will allow for network-wide gambling for JackPot customers at the gaming sites
on-line, as well as an independent network for data transfer within the JackPot
organization. JackPot customers who play on one machine can win the entire
jackpot, which is collected by thousands of machines across the network. The
rollout of the network is expected to be completed by the end of this year. A
special telecommunications company called 'Stec.com' was established to
implement and manage the project.
Beyond the JackPot project, RSCC plans on offering a wide variety of broadband
and IP services to its customers throughout Russia. Gilat's Skystar 360E
solution will be an important part of that offering.
The Skystar 360E platform offers a flexible, two-way, satellite-based solution
enabling interactive broadband IP and multicasting applications. With DVB
standards and extensive IP capabilities, the Skystar 360E supports virtually any
data and IP multicast application.
Alexander Duka, General Manager of RSCC said, "Until now, RSCC has maintained
about 2,000 VSAT terminals in Russia of which about half were used by the
Central Bank of Russia. The contract with JackPot is the second major VSAT
project of this scale in the country. It is important for us that the hub can be
expanded and used for several different projects, which will certainly be a
stimulus for the further development of the VSAT market in the country."
"The Gilat VSAT network will unite our geographically dispersed sites over a
huge territory, and will be independent of the difficult infrastructure issues
we'd have to face using a non-satellite technology," said Mr. Viktor Kryssiakov,
General Director of 'Stec.com,' commenting on the JackPot agreement. "Following
a competitive process, we chose Gilat's Skystar 360E as we believe this is the
best solution for our purposes. We are also well aware of Gilat's strong track
record in providing VSAT solutions for gaming and lottery applications around
the world."
Arie Rozichner, Gilat's Director of Sales, Russia and CIS, said, "The agreement
with RSCC is a very important one for Gilat, as we begin fruitful cooperation
with Russia's most prestigious VSAT operator. We are confident that the
combination of Gilat's vast experience in large-scale telecommunications
projects and RSCC's strong and influential position in the country, can deliver
the much-needed telecommunications solutions required in the Russian Federation.
We are also
pleased to provide our latest technology to JackPot, a company that shares
Gilat's views with regard to the development of the telecom market in Russia,"
continued Rozichner. "Once JackPot is settled in with this network, we believe
there is excellent opportunity to expand cooperation. JackPot can provide
services based on Gilat's equipment, and can implement new projects in Russia
and other countries."
ABOUT GILAT SATELLITE NETWORKS LTD.
Gilat Satellite Networks Ltd., with its global subsidiaries Spacenet Inc., Gilat
Latin America, Inc. and rStar Corporation (RTRCE), is a leading provider of
telecommunications solutions based on Very Small Aperture Terminal (VSAT)
satellite network technology -- with nearly 400,000 VSATs shipped worldwide.
Gilat markets the Skystar Advantage, DialAw@y IP, FaraWay, Skystar 360E and
SkyBlaster* 360 VSAT products in more than 70 countries around the world. 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 in SATLYNX, a
provider of two-way satellite broadband services in Europe with SES GLOBAL.
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. (*SkyBlaster is marketed in the United States by
StarBand Communications Inc. under its own brand name.)
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 INVESTOR CONTACT:
TIM PERROTT,
VP, INVESTOR RELATIONS (USA)
TEL: +703-848-1515
tim.perrott@spacenet.com
------------------------
GILAT MEDIA CONTACT:
BARRY SPIELMAN,
DIRECTOR CORPORATE MARKETING
TEL: +(972)3-925-2201
barrys@gilat.com
----------------