Triple E to Pre-wire New Coaches for TracVision Satellite TV; Offer Award- winning TracVision Systems as Standard Option
MIDDLETOWN, R.I., June 16 /PRNewswire-FirstCall/ -- KVH Industries (Nasdaq: KVHI) announced today that Canadian recreational vehicle manufacturer Triple E RV has chosen the KVH TracVision(R) line of satellite TV antennas as a standard option on its three premier 2004 model year motor homes. Triple E's Commander, Signature, and Empress coach models will each be pre-wired for TracVision satellite TV installation with customers having the option to choose either the in-motion TracVision LF or stationary, automatic TracVision SF satellite TV antennas.
"The continuing expansion of the Canadian satellite TV marketplace is reflected not only in the increasing number of home subscribers but also the growing demand of in-motion satellite TV," remarked Ian Palmer, KVH's vice president of satellite sales. "We are very pleased that Triple E RV, a leader in the Canadian RV industry, has elected to offer its customers our award- winning TracVision antennas to meet their demand for mobile access to their favorite TV news, entertainment, and music."
KVH will be supplying Triple E with the in-motion TracVision LF and the stationary, automatic TracVision SF satellite TV systems. Each of these advanced systems provide access to more than 300 channels of digital TV programming and commercial-free music via Canada's ExpressVu satellite TV service, as well as DIRECTV(R) and DISH Network(TM) in the United States. The TracVision LF and SF antennas are each designed for factory installation and will be installed aboard motor homes built at Triple E's manufacturing facilities in Winkler, Manitoba. TracVision systems are available to Triple E RV customers through RiverPark, Inc., of Elkhart, Indiana, a leading distributor of KVH's satellite TV product line and other high-end electronics products.
"The retail requests for satellite TV in motorhomes in Canada has certainly increased over the last year. In response to these requests we have chosen to offer the TracVision SF and LF model satellite systems from KVH as optional equipment on our Commander, Signature, and Empress motorhomes beginning with our 2004 model year product," remarked Ron Vanderwees, operations and engineering manager of Triple E RV. "The standard pre-wire for the KVH equipment included with these models will also make dealer installation of these systems easier at the point of sale."
Triple E RV (www.tripleerv.com) is a privately held corporation based in Winkler, Manitoba, Canada. A leader in the recreational vehicle industry for almost 40 years, Triple E RV is a subsidiary of Triple E Canada LTD., whose holdings include Lode King Industries, a major manufacturer of commercial highway trailers. Triple E is currently the only Canadian owned RV manufacturer building Class "A" motorhomes.
KVH Industries, Inc., designs and manufactures products that enable mobile communication, navigation, and precision pointing 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 Tinley Park, Illinois, and a European sales, marketing, and support office in Hoersholm, Denmark.
This press release contains certain forward-looking statements that involve risks and uncertainties. For example, the statements regarding the company's potential sales for 2003 are forward-looking statements. The actual results realized by the company could differ materially from the statements made herein. Factors that might cause such differences include, but are not limited to: lack of reliable vendors, service providers, and outside products; unforeseen changes in competing technologies and products; and worldwide economic variances. Additional factors are discussed in the company's 2002 Form 10-K filed with the Securities and Exchange Commission on March 26, 2003. Copies are available through the company's Investor Relations department and web site, www.kvh.com. KVH assumes no obligation to update its forward- looking statements to reflect new information and developments.