The #1 RV Manufacturer will Offer TracVision as Standard Option, including Internet-compatible System, on 2004 Model Year Coaches
MIDDLETOWN, R.I.--(BUSINESS WIRE)--June 26, 2003--KVH Industries (Nasdaq: KVHI) announced today that Fleetwood Enterprises, the #1 RV manufacturer in the United States, has expanded its use of the KVH TracVision(R) line of satellite TV antennas on its 2004 model year motor homes. Fleetwood will continue to offer the OEM-specific TracVision LF and TracVision SF systems, which were first included as standard options on the 2003 model year coaches. In addition, Fleetwood will now be offering KVH's premier TracVision L3 antenna as a standard option on its elite American Coach line of vehicles.
"We are very pleased to have the opportunity to continue working with Fleetwood to ensure that their customers have the very finest in mobile satellite entertainment," said Ian Palmer, KVH's vice president of satellite sales. "The addition of the versatile TracVision L3 represents the next step in the evolution of our close, working relationship with Fleetwood, one of our premier OEM partners."
KVH will be supplying Fleetwood with three members of its award-winning satellite TV product family: the in-motion TracVision L3 and TracVision LF systems, and TracVision SF, a stationary, self-acquiring system for use when the vehicle is parked. Each of these advanced systems provide access to more than 300 channels of digital TV programming and commercial-free music via the DIRECTV(R), DISH Network(TM), and ExpressVu services. In addition to satellite TV, the DVB(R)-compatible TracVision L3 can also provide in-motion access to high-speed Internet service via KVH's TracNet(TM) Mobile High-speed Internet System. The TracVision antennas will be installed aboard motor homes built at Fleetwood's manufacturing facilities in California, Indiana, and Pennsylvania. TracVision systems are available to Fleetwood customers through RiverPark, Inc., of Elkhart, Indiana, a leading distributor of KVH's satellite TV product line and other high-end electronics products.
"We look forward to building on our strong partnership with KVH Industries during the coming year," remarked Mike Cloninger, Fleetwood's product development manager. "At Fleetwood, we hold ourselves and our vehicles to the highest standard of quality. KVH and TracVision have proven that they meet this world-class standard through their superior performance and outstanding customer satisfaction."
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.
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.