KVH Industries, Inc., (Nasdaq: KVHI), announced today that Tile
Marine, a leading marine services company in India and the Middle
East, is now a KVH Watch® Solution Partner and will offer KVH Watch
connectivity to augment its extensive maritime solutions. Tile
Marine’s services cover a wide range of electrical, electronic, and
mechanical work for shipowners and shipyards including
installation, maintenance, and repair of communications equipment,
integrated bridge systems, and other critical maritime equipment.
“With KVH Watch connectivity, we will be able to extend our
services and add remote monitoring, condition-based monitoring, and
assistance for a repair even if there is an incident in the middle
of the ocean,” says Pravin Raghavan, managing director of Tile
Marine. “Many vessels are looking for this level of service but
what has been missing in our opinion was the reliable backbone of
connectivity to transfer data from the ship to shore. Our ability
to offer these services will be a great comfort to our
customers.”“When you combine dedicated KVH Watch IoT connectivity
with Tile Marine’s extensive experience in supporting everything
from bridge systems to belowdecks equipment, shipowners and
managers will be able to enjoy the most comprehensive remote
service experience to date, including remote troubleshooting
sessions at deep sea,” says Sven Brooks, senior director of IoT
business development for KVH. “Tile Marine’s entire ecosystem will
benefit from this ability to do it all remotely.”
The need for dedicated connectivity to transfer real-time data
from ship to shore is well known by marine services technicians and
IoT analytics experts who find themselves challenged with limited
bandwidth if a vessel is equipped with only one communications
system. With dedicated IoT connectivity, it becomes possible to
monitor performance data, quickly identify specific equipment
issues, and support high-speed video troubleshooting while the
vessel is at sea, saving time and money when the vessel is in port.
IoT connectivity can also be a benefit in other maritime
situations, including sea trials and regulatory activities. For
example, during sea trials, representatives from the major
equipment manufacturers are on board for several days; the ability
to do a remote troubleshooting session during the sea trial saves
time and money, particularly when it eliminates the need to return
to port. Regulatory activities such as a government’s need to
certify whether vessels are fishing in approved zones can be
greatly aided by real-time data. A dedicated IoT connectivity
solution is also critically important for reducing cyber risks by
keeping the flow of a vessel’s operational technology (OT) data
separate from its information technology (IT) data.KVH Watch is an
IoT Connectivity as a Service solution that provides Flow, secure
24/7/365 machine-to-cloud satellite connectivity for remote
monitoring of onboard equipment plus the ability to perform
on-demand Remote Expert Interventions using video, voice, or text
via KVH’s global HTS network. KVH Watch is designed for maritime
equipment manufacturers, multicard service providers, and shipyards
seeking affordable monthly subscription-based connectivity that
L-band and cellular services cannot deliver at deep sea.
KVH is a mobile tech innovator that provides connectivity
solutions for commercial maritime, leisure marine, and land mobile
applications on vessels and vehicles, including the award-winning
TracPhone® and TracVision® product lines, the global mini-VSAT
BroadbandSM network, KVH Watch maritime IoT solutions, and
AgilePlans® Connectivity as a Service. The company’s KVH Media
Group provides news, sports, and entertainment content through such
brands as NEWSlink™ and SPORTSlink™.
Note to Editors: For more information about the KVH Watch
Solution Partner program, please visit kvh.com/watch.
High-resolution images of KVH products are available at the KVH
Press Room Image Library,
kvh.com/Press-Room/Image-Library.About Tile
MarineTile Marine is a leading provider of electrical,
electronic, and mechanical services for the maritime industry with
solutions including IT, software, and communications. The company
works closely with shipyards, vessel owners, fleet managers, and
maritime equipment manufacturers and has a strong presence in the
Indian sub-continent including Cochin Shipyard and in the Middle
East.
About KVH Industries, Inc.KVH Industries, Inc.,
is a global leader in mobile connectivity and inertial navigation
systems, innovating to enable a mobile world. A market leader in
maritime VSAT, KVH designs, manufactures, and provides connectivity
and content services globally. KVH is also a premier manufacturer
of high-performance sensors and integrated inertial systems for
defense and commercial applications. Founded in 1982, the company
is based in Middletown, RI, with research, development, and
manufacturing operations in Middletown, RI, and Tinley Park, IL,
and more than a dozen offices around the globe.
This press release contains forward-looking
statements that involve risks and uncertainties. For example,
forward-looking statements include statements regarding the
expected competitive advantages of KVH Watch, the anticipated
strategic relationship between Tile Marine and KVH, the
functionality, characteristics, quality, and performance of KVH’s
and Tile Marine’s products, services, and technology, as well as
customer demand, preferences, requirements, and expectations.
Actual results could differ materially from the forward-looking
statements made in this press release. Factors that might cause
these differences include but are not limited to: unanticipated
technical and other challenges that arise during beta testing and
customer trials of the KVH Watch service; unanticipated technical,
legal, and regulatory delays with the launch of the new services;
delays in the receipt of anticipated orders for our KVH Watch
service, or the potential failure of such orders to occur at all;
potential future decisions by Tile Marine to terminate or otherwise
not expand orders for the KVH Watch service; customer response to
KVH Watch; potential changes in market trends, competition and
other developments affecting the buying patterns of end-users of
maritime IoT solutions; and potential unforeseen costs or expenses
of providing the products and services included in KVH Watch
subscriptions. These and other factors are discussed in more detail
in KVH’s Form 10-K filed with the SEC on March 3, 2021. Copies are
available through its Investor Relations department and website,
https://ir.kvh.com. KVH does not assume any obligation to update
forward-looking statements to reflect new information and
developments.
KVH Industries, Inc., has used, registered, or
applied to register its trademarks in the U.S.A. and other
countries around the world, including but not limited to the
following marks: KVH, KVH Watch, TracPhone, TracVision, mini-VSAT
Broadband, AgilePlans, NEWSlink, and SPORTSlink. All other
trademarks are the property of their respective companies.
For further information, please
contact:Jill ConnorsSr. Manager, Media & Industry
Analyst RelationsKVH Industries, Inc.Tel: +1 401 851
3824jconnors@kvh.com
KVH Industries (NASDAQ:KVHI)
Historical Stock Chart
From Jun 2024 to Jul 2024
KVH Industries (NASDAQ:KVHI)
Historical Stock Chart
From Jul 2023 to Jul 2024