Gilat Satellite Networks Ltd (GILT)

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Sunoco extends contract with Spacenet for 5 years
16.11.06 | 09:24 By TheMarker
Gilat Satellite Networks (Nasdaq: GILT) subsidiary Spacenet yesterday announced that Sunoco has signed a five-year enterprise networking services contract extension.

Sunoco is one of the clients for Spacenet's satellite communications and services package. The Israeli company is providing upgraded satellite networking and managed services at about 900 Sunoco-owned retail stores across the United States.

The contract extension is worth about $500,000 to Spacenet.

Under the agreement, Sunoco stores will be upgraded to the Gilat SkyEdge VSAT platform, enabling faster speeds, stronger security and significantly improved bandwidth efficiency.

In addition, Spacenet will also provide hybrid network management solutions and application services.
Spacenet President and COO Glenn Katz said, "Spacenet is delighted to announce this contract extension, and we look forward to continuing our successful network services relationship with Sunoco, one of the leaders in the petrochemical industry. Sunoco is one of a number of Spacenet customers that are upgrading their VSAT infrastructure to our next-generation technology platform and extending their investment in our highly reliable and cost-effective satellite networks. Spacenet is committed to providing Sunoco with first-rate customer support and advanced network solutions that will help them achieve their business requirements."

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