KVH Receives Orders Valued at $1.4 Million for TACNAV Military Navigation Components
February 05 2008 - 7:30AM
PR Newswire (US)
MIDDLETOWN, R.I., Feb. 5 /PRNewswire-FirstCall/ -- KVH Industries,
Inc., (NASDAQ:KVHI) announced today that it has received two orders
from a U.S. defense contractor for the purchase of components and
upgrades for KVH's TACNAV(R) vehicle navigation systems for use on
U.S. military combat vehicles. The two orders, which have a total
value of approximately $1.4 million, are scheduled to begin
shipping in the first quarter of 2008. "KVH's TACNAV systems
continue to prove their value to U.S. and allied warfighters on the
battlefield. The components covered by these two orders will enable
TACNAV systems on U.S. vehicles to be upgraded and enhanced to
provide continued support in the rigorous military environment and
mission- critical applications, including vehicle navigation and
integration with digital battlefield management systems," explained
Dan Conway, vice president of business development for KVH
Industries. KVH's TACNAV military vehicle navigation systems
provide unjammable, precision navigation, heading, and pointing
data for vehicle drivers, crews, and commanders. TACNAV can also
serve as a link between each vehicle and the overall digital
battlefield, making each unit a node in a secure military network
that consolidates a wide range of tactical data to provide detailed
information to individual units and military commanders. TACNAV
systems are currently in use on U.S. and allied vehicles
participating in ongoing operations in Iraq and elsewhere. Military
forces fielding TACNAV include the U.S. Army and Marine Corps, as
well as many allied customers, among them Canada, Sweden, Great
Britain, Germany, Spain, Australia, New Zealand, Saudi Arabia,
Taiwan, Malaysia, Switzerland, and Italy. Due to contractual
restrictions, additional details regarding the customers and
vehicle platforms cannot be disclosed at this time. Complete
details regarding KVH's defense navigation and guidance products
are available at http://www.tacnav.com/. Note to editors:
High-resolution images of KVH's defense navigation products are
available at http://press.kvh.com/ for download and editorial use.
About KVH Industries, Inc. KVH Industries, Inc., is a premier
manufacturer of systems to provide access to live mobile media
ranging from satellite TV to telephone and high- speed Internet for
vehicles and vessels as well as a leading source of navigation,
pointing, and guidance solutions for maritime, defense, and
commercial applications. The company's products are based on its
proprietary mobile satellite antenna and fiber optic technologies.
An ISO 9001-certified company, KVH is based in Middletown, Rhode
Island. This release may contain certain forward-looking statements
that involve risks and uncertainties. Forward-looking statements
include, for example, the functionality, characteristics, quality
and performance of KVH's products and technology; and customer
preferences, requirements and expectations. The actual results
could differ materially. Factors that may cause such differences
include, among others, uneven military sales cycles, changes in
military fielding and equipment requirements, and changes in
international situations, as well as those discussed in KVH's most
recent Form 10-Q filed with the SEC. KVH does not assume any
obligation to update its forward-looking statements to reflect new
information or developments. KVH and TACNAV are registered
trademarks of KVH Industries, Inc. DATASOURCE: KVH Industries, Inc.
CONTACT: Chris Watson of KVH Industries, +1-401-845-8138, Web site:
http://www.kvh.com/ http://www.tacnav.com/
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