Selection of TracVision by Leading RV Manufacturer Represents Potential Sale of Several Thousand Additional Antennas
MIDDLETOWN, R.I., Jun 10, 2002 /PRNewswire-FirstCall via COMTEX/ -- KVH Industries (Nasdaq: KVHI) announced today that Fleetwood Enterprises, one of the largest RV manufacturers in the United States, will be offering the KVH TracVision(R) line of satellite TV antennas as an option on 2003 model year motor homes. Fleetwood RV's selection of TracVision satellite TV equipment as an option for its customers further solidifies KVH's position as the world's premier manufacturer of mobile satellite TV systems.
"Fleetwood vehicles are renowned for their quality and reliability, and we are very proud that our TracVision antennas have been chosen as optional equipment for the 2003 model year motor homes," said Ian Palmer, vice president of satellite sales. "Satellite TV is one of the most popular consumer products among RV owners, and the award-winning TracVision product line has become the antenna of choice among both consumers and leaders in the RV industry like Fleetwood. Subject to consumer demand, this opportunity represents the potential sale of several thousand additional TracVision units in the next 12 months."
To meet Fleetwood's high-volume production needs, KVH redesigned its award-winning TracVision LM and SA satellite TV antennas, creating two new models - TracVision LF, a fully stabilized in-motion system; and TracVision SF, a stationary, self-acquiring system for use when the vehicle is parked. These systems provide access to more than 300 channels of digital TV programming and digital-quality music via the DIRECTV(R) and DISH Network(TM) services. TracVision LF and SF antennas are designed for factory installation and will be installed aboard motor homes built at Fleetwood's manufacturing facilities in California, Indiana, and Pennsylvania.
"The outstanding quality, reliability, and service offered by KVH Industries were instrumental in our selection of the TracVision systems for our family of recreational vehicles," remarked Bob Thompson, vice president of motor home operations, Fleetwood RV. "The TracVision LF and SF satellite TV systems will provide our customers with the innovative design and exciting features they expect when purchasing a Fleetwood RV motor home."
Fleetwood Enterprises, Inc. (NYSE: FLE) is the nation's leading manufacturer of recreational vehicles and a leading producer and retailer of manufactured housing. Fleetwood's recreational vehicle line includes 27 brands of motor homes, travel trailers, fifth wheels, truck campers, and folding trailers. Fleetwood RV products are distributed through a nationwide network of more than 1,000 dealers. Established in 1950, Fleetwood operates 40 North American recreational vehicle and manufactured housing facilities and employs approximately 14,000 associates. For more information on Fleetwood Enterprises, visit Fleetwood on the Internet at www.fleetwood.com or call 1- 800-444-4905.
KVH Industries, Inc., designs and manufactures products that enable mobile communication, defense navigation, and direction sensing through the use of its proprietary mobile satellite antenna and fiber optic technologies. The company is developing next-generation systems with greater precision, durability, and versatility for communications, navigation, and industrial applications. An ISO 9001-registered company, KVH has headquarters in Middletown, Rhode Island, with a fiber optic manufacturing facility in Illinois, and a European sales, marketing, and support office in Hoersholm, Denmark.
Except for historical facts, the statements in this press release are forward-looking statements that involve risks and uncertainties. For example, the statements regarding the company's potential sales are forward-looking statements. Forward-looking statements are merely our current predictions of future events. The statements are inherently uncertain, and actual results realized by the company could differ materially from the statements made herein. Important factors that might cause such differences include: lack of reliable vendors, service providers, and outside products; unforeseen changes in competing technologies and products; or worldwide economic variances. Additional factors that could affect future events are discussed in the company's 2001 Form 10-K filed with the Securities and Exchange Commission on March 20, 2002. Copies are available through the company's Investor Relations department and web site, www.kvh.com. We assume no obligation to update our forward-looking statements to reflect new information and developments.