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07-06-2010 14:00:00

Spacenet Earns Product Innovation Award for its Prysm Pro Network Appliance

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Spacenet Inc, a wholly owned subsidiary of Gilat Satellite Networks Ltd.

(Nasdaq: GILT), and a leading provider of broadband network solutions,announced today that its CEO, Andreas Georghiou, accepted a Circle

of Excellence award from WashingtonSmartCEO in

recognition of the company’s product innovation. SmartCEO recognizes 10

Greater Washington CEOs who have demonstrated specific leadership

attributes that have made them uniquely successful in the business


This award for product innovation follows the successful launch of the

Spacenet Prysm Pro, a modular, scalable, off-the-shelf IP network

appliance that provides support for managed network services. Prysm Pro

helps multi-site organizations meet custom application requirements,

streamline corporate-wide network management processes, and provide

centralized network security. It is designed to support a comprehensive

range of advanced applications over wireline and wireless networks and

provides a seamless solution for network backup with automatic network

failover in the case of a primary network outage.

“Receiving this recognition is a real honor for all of Spacenet’s

employees who have contributed to the successful development of this

product and its associated services,” said Spacenet CEO Andreas

Georghiou. “We have focused on adapting to a rapidly changing

competitive landscape and responding to the evolving needs of our core

enterprise customers. Through the introduction of new innovative

products, including Prysm Pro, our proprietary IP network appliance, and

by reinventing the company into a complete managed network services

provider, we have been able to identify new business opportunities, and

integrate into the greater telecommunications industry.”

The 10 winners of the Circle of Excellence Award celebrated at SmartCEO’s

Business Awards event on May 27, 2010 at the National Press Club.

Joining the Circle of Excellence recipients were all of SmartCEO’s past

award recipients and the pick for CEO of the Year.

“Circle of Excellence winners are not only selected and honored for

their accomplishments, but for demonstrating success in applying a

unique leadership attribute that significantly benefits their business

and the community,” said Jaime Park, Publisher of WashingtonSmartCEO

magazine. “We are honored to recognize Andreas Georghiou as one of

Greater Washington’s standout leaders.”

Washington SmartCEO magazine is a regional “growing company”

publication. SmartCEO believes that a “growing company” is

really determined by the spirit, drive and dynamics of a company's

owners and managers, rather than by the size of its building, the number

of its employees, or its sales volume. Each month, a variety of

businesses in the greater Washington and greater Baltimore areas turn to

our pages for features, case-study advice and trend analysis, all with a

uniquely local flavor. SmartCEO is read by more than 34,000

business owners in Baltimore and Washington.

For a complete list of winners or more information, visit www.smartceo.com.

About Spacenet

Founded in 1981, Spacenet Inc designs, develops, and manages wireline

and wireless broadband network solutions for US based business,

industrial and government customers. Spacenet has a longstanding

tradition of industry leadership and innovation, and today has more than

100,000 operational network endpoints for customers including many

Fortune 500 companies and major government agencies. Spacenet offers a

complete product and services portfolio for applications ranging from

primary communications for corporate applications and secure data

transfer, to hot stand-by solutions for continuity of operations and

network backup, or field deployable solutions for disaster recovery and

emergency management. Spacenet Integrated Government Solutions, a wholly

owned subsidiary of Spacenet Inc, delivers network and communications

solutions to the Department of Defense, Homeland Security, the

Intelligence community and other government related agencies. Spacenet

is based in McLean, Virginia, and operates its own end-to-end services

infrastructure including network management, field services and teleport

facilities in McLean, Virginia; Atlanta, Georgia; and Chicago, Illinois.

Spacenet is a wholly owned subsidiary of Gilat Satellite Networks Ltd.

(Nasdaq: GILT). Visit Spacenet at www.spacenet.com

Spacenet Inc

Jon Douglas, 703-848-1221


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