 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| . |  |
. |
AMP-Ohio Selects Gilat For Critical Power Network Monitoring and Control
Petah Tikva - Apr 06, 2004 Gilat Satellite Networks' subsidiary Spacenet has been chosen by American Municipal Power Ohio (AMP-Ohio) to provide a high-speed VSAT data network. The Spacenet Connexstar service will provide remote control for more than 100 transmission substations and carry vital data to AMP-Ohio's SCADA network. "When AMP-Ohio decided to transition away from terrestrial leased lines and towards an always-on, high-speed connectivity solution, we naturally looked to VSAT," said AMP-Ohio Chief Information Officer Phil Meier. "We thoroughly evaluated a number of competing VSAT networking vendors, and Spacenet's Connexstar service was a clear winner. Spacenet's technology solution provided the best speed and responsiveness, as well as offering the reliability and availability we demand for our mission-critical network applications." "This agreement with AMP-Ohio is an important milestone in Spacenet's continued growth and expansion in the energy industry," said Spacenet CEO Bill Gerety. "For years, Spacenet has demonstrated its ability to support the most critical networks for commercial and government customers. Now, our proven technology is seeing increasing use by leading energy companies with strict availability and reliability needs." Related Links Spacenet SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express
Gilat and Bank Hapoalim Sign Share Warrant Deal For Existing Loan
Petach Tikvah - Apr 06, 2004Bank Hapoalim and Gilat Satellite Networks Ltd. (Nasdaq:GILTF - News) today announced that an agreement for the modification of the terms of the outstanding loan by the Bank to Gilat has been signed by the parties, and for the Bank to have a right to receive warrants to purchase Gilat's ordinary shares up to the outstanding balance of the loan, which currently stands at approximately $71 million. |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2006 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA PortalReports are copyright European Space Agency. All NASA sourced material is public domain. Additionalcopyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
