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 July 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 July 30, 2003, announcing that Rent-Way, Inc. has selected Registrant’s subsidiary, Spacenet Inc., to provide a two-way satellite-based IP network to all of Rent-Way’s stores. |
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: July 31, 2003
Jul 30, 2003
Petah Tikva, Israel, July 30, 2003 — Gilat Satellite Networks Ltd. (Nasdaq: GILTF) today announced that its US subsidiary, Spacenet Inc., has been awarded a five-year contract by Rent-Way, Inc. to provide a two-way satellite-based IP network to all of Rent-Way’s 750+ stores and is to be deployed by September 1.
Rent-Way’s Connexstar Enterprise network is designed to support a wide variety of services, including point-of-sale and inventory control applications, as well as Internet and intranet access. The Spacenet network is also designed with the flexibility to support possible future applications such as stored value cards or customer loyalty programs. The network will also enhance the communication and coordination between Rent-Way’s Corporate Office and field personnel.
Rent-Way is one of the nation’s largest operators of rental-purchase stores. Rent-Way rents quality name brand merchandise such as home entertainment equipment, computers, furniture and appliances from 753 stores in 33 states.
“We thoroughly investigated all available two-way satellite solutions and Spacenet was the clear winner,” said Rent-Way’s Manager of Technical Services, Matthew Dawson. “In our testing, we found Spacenet’s VSAT hardware technology and service quality to be by far the best fit for our requirements. We were impressed by Spacenet’s customer service, support and responsiveness, and we found Connexstar Enterprise’s economics to be very compelling.”
Spacenet Vice President of Sales and Marketing David Shiff said, “Rent-Way’s selection of Spacenet is another sign of our company’s leadership in the satellite networking industry. Our product offerings are constantly evolving to specifically match our customers’ needs, and we believe this sprit of innovation is one reason why customers like Rent-Way choose to go with Spacenet and Connexstar.”
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.
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