KVH Expands Its Reach in Brazil to Support New Business in Key Region
April 06 2011 - 7:30AM
As part of an ongoing effort to offer sales, service, and support
in key commercial maritime regions, KVH Industries, Inc.
(Nasdaq:KVHI) today announced the creation of a Brazilian
subsidiary, KVH South America Comunicacao Por Satelite Ltda. (aka
KVH Brazil). With the fully licensed mini-VSAT Broadband(SM)
service in Brazil, the new entity allows KVH to provide better
local support for its TracPhone® satellite communications systems
and mini-VSAT Broadband service as well as the company's
TracVision® satellite TV systems.
"Our growing presence in Latin America, and specifically in
Brazil, now allows us to do business locally while simultaneously
providing service to mini-VSAT Broadband subscribers in locations
around the globe. In addition, our Brazilian subsidiary has
dramatically expanded our ability to support the offshore oil and
gas industry, including rigs, supply ships, and other vessels that
operate in this critical area of the Americas," explains Patricio
Baez, KVH's vice president for commercial sales, Americas. "A
significant portion of the world's oil is currently produced in
Brazilian waters, and exploration is underway for newly discovered
pre-salt oil fields. The vessels and crews carrying out this
important task must be equipped with reliable, affordable, and
flexible satellite connections at all times. KVH Brazil and local
distributors such as Nexions Corp., Net System Telecomunicases
Ltd., Telnav Telecomunicações Navais, Mar e Terra, and Radiomar,
are committed to serving the Brazilian maritime market and its
unique needs in both the oil and gas and commercial shipping
industries."
KVH's mini-VSAT service has been fully approved by the Brazilian
regulatory agency, Anatel, allowing the mini-VSAT Broadband service
to be used anywhere in Brazil and its surrounding waters. Following
testing in Brazil and approval of the test results by Anatel, KVH
also homologated its TracPhone V7 system, which means it can now be
sold and installed throughout Brazil, a country with very stringent
licensing requirements for satellite communications services.
Establishing a Brazilian subsidiary was a key part of KVH's global
mini-VSAT Broadband licensing initiative, which permits TracPhone
V7 owners to use mini-VSAT Broadband service without concern
wherever they travel. This access covers coastal waters and
hundreds of ports around the globe, including those where
unlicensed maritime VSAT services are barred, which is an important
consideration for KVH's commercial customers.
Of particular interest to oil and gas fleets are KVH's mini-VSAT
Broadband service and compatible TracPhone V7 hardware, which were
designed from the ground up to be the first next-generation
maritime satellite communications solution. The global spread
spectrum satellite network, built with ViaSat's patented ArcLight®
technology, offers more affordable airtime, voice service and
Internet access as fast as 512 Kbps (ship to shore) and 2 Mbps
(shore to ship). More than 1,000 TracPhone V7 systems have been
shipped in the three years since the product's introduction, making
the mini-VSAT Broadband network the world's fastest growing
maritime VSAT solution. Combined with offices in Denmark,
Singapore, and Norway, KVH Brazil is a key part of KVH's commitment
to supporting mini-VSAT Broadband users throughout the network's
expanding global coverage area.
Please visit www.minivsat.com for more details about KVH's
mini-VSAT Broadband network and the TracPhone V7.
Note to Editors: High-resolution, press-ready images of KVH's
TracPhone satellite communications solutions are available at
http://press.kvh.com for download and editorial use.
About KVH Industries, Inc.
KVH Industries, Inc. and its subsidiaries are leading providers
of in-motion satellite TV and communication systems, having
designed, manufactured, and sold more than 150,000 mobile satellite
antennas for applications on vessels, vehicles, and aircraft. KVH's
mission is to connect mobile customers around the globe with the
same digital television entertainment, communications, and Internet
services that they enjoy in their homes and offices. The company is
based in Middletown, RI, with facilities in Illinois, Denmark,
Norway, and Singapore.
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, those discussed in KVH's most recent Form 10-K filed with
the SEC. KVH does not assume any obligation to update its
forward-looking statements to reflect new information or
developments.
KVH, TracPhone, and TracVision are registered trademarks of KVH
Industries, Inc. "mini-VSAT Broadband" is a service mark of KVH
Industries, Inc. All other trademarks are the property of their
respective companies.
CONTACT: Chris Watson
KVH Industries
401-845-8138
cwatson@kvh.com
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