Interview with Erez Antebi, CEO of Gilat Satelite Networks (GILT)

Wall Street Transcript

67 WALL STREET, New York - July 26, 2012 - The Wall Street Transcript has just published its Wireless Communications & Telecom Report. This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: 4G Infrastructure Capital Expenditures - Tower Cell Splitting - Global Wireless Spectrum Allocation - Telco Dividend Yields

Companies include: Gilat Satellite (GILT), Verizon (VZ), Sprint (S), and many others.

The following excerpt is from the interview with Erez Antebi:

TWST: Please tell us about the history of Gilat Satellite Networks.

Mr. Antebi: Gilat has been involved with satellite communication for more than 25 years now. This year is actually our 25th anniversary. We are a hardware technology company, and we are dealing really with two main areas. One is providing satellite communications for enterprises and businesses.

For example, in the U.S., we have major customers in the lottery business with GTECH, Scientific Games (SGMS), and Intralot (IRLTY). We provide services to many, many state lotteries throughout the U.S. We worked in the U.S. with Goodyear (GT), with Sunoco (SUN), the United States Postal Service. All these require satellite communications to connect between their branches.

It is the same thing we do worldwide. We connect brokers to the National Stock Exchange in India. We connect pharmacies in Brazil. We provide connectivity for people who need broadband access in Australia all over the world. So that's one area we deal with.

And the other area we deal with really is on-the-move communications, really for security and defense-type applications. There, for example, we provide satellite communications for UAVs that send back information to headquarters, or we provide satellite communications for emergency force when they go into areas after floods, earthquakes or what have you, and there are no other alternatives, so they bring broadband communications over satellite with them and to a wide variety of other emergency and security-type forces. I think that's the company in brief.

We're publicly traded. We're traded in the U.S. on Nasdaq, and in Israel on the Israeli stock exchange. And we've been working around the world for many years. We have customers today in over 90 different countries.

TWST: What makes Gilat's satellite equipment different than your competitors?

Mr. Antebi: Well, I'd say a few things today, and I'd really differentiate between the newer technology and the more mature ones. The newer technology is where we're dealing with on-the-move communications. I think we have a very technical differentiation. We simply do things a lot better than others. We are, I think, today, a world leader in providing a low-profile tracking antenna that's coming, and that's very hard to do. Not many companies do it at all, and I think we do it better than anyone else. We have unique R.F. technology that allows us to get very, very high power to transmit to the satellites, but out of a very small block. We are lighter and smaller than any competitor's blocks that needs to send out the same amount of power.

So overall, we are very strong in these kind of things which are very important for an on-the-move technology. We simply have a very big technical differentiation, and we simply do things a lot better than what others do.

For more from this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers, and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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