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 August 2003
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 o
| 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 o 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 is Registrant’s press release dated August 12, 2003, announcing that Registrant’s subsidiary, Spacenet Inc., has been selected by Arby’s Franchisee RTM Restaurant Group to provide it with a broadband satellite retail network, and that Registrant will release its second quarter results on August 14, 2003. |
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: August 13, 2003
Aug 12, 2003
Gilat’s Spacenet Subsidiary Selected by Largest Arby’s Franchisee RTM Restaurant Group to Provide Broadband Satellite Retail Network to 825 Locations Nationwide RTM Restaurant Group latest in a series of restaurant industry leaders to choose Spacenet’s Connexstar service
Petah Tikva, Israel, August 12, 2003
— Gilat Satellite Networks Ltd. (Nasdaq: GILTF) today announced that its US
subsidiary, Spacenet Inc., has been selected by RTM Restaurant Group Inc. to provide a
broadband VSAT network to their Arby’s restaurants and other quick service restaurant
locations. The Company also announced that it will report its second quarter 2003 results
on August 14, 2003.
Arby’s, known for its signature Roast Beef sandwich and
recently-introduced Market Fresh™ line of deli sandwiches, is a subsidiary of the
Triarc Companies, Inc. Celebrating its 30th anniversary, RTM Restaurant Group, the
nation’s largest Arby’s franchisee, operates 1,049 restaurants in 21 states,
including 773 Arby’s locations. RTM is ranked by Restaurant Finance Monitor as the
largest restaurant franchisee in the United States. The company’s portfolio of
restaurant concepts also includes Mrs. Winner’s Chicken & Biscuits and Lee’s
Famous Recipe Chicken.
The five-year commitment calls for Spacenet’s Connexstar Enterprise service to be deployed at the restaurant locations for a range of applications including credit authorization, point-of-sale and store polling as well as intranet-based back office applications. Connexstar Enterprise provides network design and configuration parameters customized to meet larger clients’ specific needs, while retaining the convenient deployment and economic benefits of Connexstar’s standardized network service packages.
“We thoroughly evaluated all of
the available networking alternatives, including the various VSAT solutions, through an
extensive pilot program,” said RTM Restaurant Group Chief Information Officer Patti
Reilly. “In the end, we chose Spacenet because their network provided superior
application performance and their organization provided solid technical and operational
support. Spacenet’s responsiveness in addressing their customers’ requirements,
as well as their ability to proactively monitor the network, were also critical factors in
our selection.”
Spacenet Vice President of Sales and Marketing David Shiff said,
“We frequently find that when customers perform side-by-side testing of
Spacenet’s Connexstar services against other VSAT solutions, Connexstar is seen as
the clear winner. We are gratified that leading companies like RTM Restaurant Group have
put their trust in Spacenet as their mission-critical retail network provider. We are
particularly pleased to add RTM to our growing list of clients in the restaurant space.
This market is characterized by challenging economic imperatives and demanding operational
requirements. Hence, we are especially pleased to be selected by yet another leader in
this market, particularly after such a thorough evaluation process.”
Background on Spacenet’s Connexstar service
Connexstar provides commercial-grade, always-on
broadband connectivity to multi-site enterprises of any size, anywhere in the continental
United States. The service supports a wide range of business applications, including
high-speed credit authorization, in-store licensed music, distance learning, content
multicasting and secure private networking services all through a single, compact, remote
access device incorporating advanced networking and routing functionality.
About Spacenet
Spacenet Inc. provides two-way satellite-based broadband networking solutions
throughout North America under the Connexstar brand, and has more than 15 years’
experience in providing connectivity, provisioning, operations and maintenance to
enterprise and government customers, including some of the largest satellite-based
networks in the world. Spacenet is based in McLean, Virginia, and is a wholly owned
subsidiary of Gilat Satellite Networks, Ltd. Visit Spacenet at www.spacenet.com.
About Gilat Satellite Networks Ltd.
Gilat Satellite Networks Ltd., with its global
subsidiaries Spacenet Inc., Gilat Latin America and rStar Corporation (RSTRC), 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, headquartered in Petah Tikva, Israel, markets the Skystar Advantage®, DialAw@y
IP™, FaraWay™, Skystar 360E™ and SkyBlaster* 360 VSAT products in more than
70 countries around the world. Gilat provides satellite-based, end-to-end enterprise
networking and rural telephony solutions to customers across six continents, and markets
interactive broadband data services. Gilat is a joint venture partner with SES GLOBAL, and
Alcatel Space and SkyBridge LP, subsidiaries of Alcatel, in SATLYNX, a provider of two-way
satellite broadband services in Europe. Skystar Advantage, Skystar 360, DialAw@y IP and
FaraWay 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. Investor Inquiries: Tel: +1703-848-1515 Gilat Media Contact: Barry Spielman, Director Corporate Marketing tel: +(972)3-925-2201 barrys@gilat.com Spacenet Media Contact Fritz Stolzenbach Director, Marketing +17038481515 fritz.stolzenbach@spacenet.com |