KVH Receives $2 Million in New Military Systems Orders
October 02 2009 - 7:30AM
PR Newswire (US)
New orders from U.S. and international customers are for KVH's
tactical navigation systems and displays MIDDLETOWN, R.I., Oct. 2
/PRNewswire/ -- KVH Industries, Inc., (NASDAQ: KVHI) announced
today that it has received a total of $2 million in new orders from
multiple U.S. and international military customers for its TACNAV®
tactical navigation systems and Universal Multilingual Displays
(UMDs). Shipments of these orders are scheduled to begin in the
fourth quarter of 2009 with some extending into 2010. Due to
contractual restrictions, additional details regarding the
customers and platforms cannot be disclosed at this time. "Our
TACNAV systems continue to prove their worth in a wide range of
demanding military environments and operational theatres worldwide.
The versatility of our military-grade Universal Multilingual
Displays also allows us to support an array of applications and
operations carried out by U.S. and allied soldiers around the
globe," 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 systems 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
Afghanistan, 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, Botswana, Singapore, and Italy. Visit
http://www.tacnav.com/ for complete details regarding KVH's defense
navigation and guidance products. Note to Editors: High-resolution,
press-ready image of KVH's tactical navigation systems are
available on http://press.kvh.com/ for download and editorial use.
About KVH Industries, Inc. KVH Industries is a leading manufacturer
of solutions that provide global high-speed Internet, television
and voice services via satellite to mobile users at sea, on land,
and in the air. KVH is also a premier manufacturer of high
performance sensors and integrated inertial systems for defense and
commercial guidance and stabilization applications. The company is
based in Middletown, RI, with facilities in Tinley Park, IL, and
Kokkedal, Denmark. 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; anticipated innovation and product development; 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. All other trademarks are the
property of their respective companies. DATASOURCE: KVH Industries,
Inc. CONTACT: Chris Watson of KVH Industries, +1-401-845-8138, Web
Site: http://www.kvh.com/
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