KVH and Deck Marine Team Up to Promote, Sell, and Distribute Award-winning TracVision and Tracphone Marine Satellite Products
Kokkedal, Denmark – February 8, 2005 – KVH Industries, Inc., (Nasdaq: KVHI) announced today that Milan-based Deck Marine will serve as the new Italian distributor for KVH’s complete line of satellite television and communications products for the marine market, including the award-winning TracVision® marine satellite TV antennas and Tracphone® satellite communications systems.
“We are extremely pleased with the appointment of Deck Marine as our new distributor for Italy. Considering that the Italian market today represents our biggest opportunity to grow our business in Europe, it was essential to find the very best company to serve as our partner in the region,” said Mads Bjerre-Petersen, managing director of KVH Europe A/S. “Deck Marine has the necessary skills and an excellent understanding of the quality sales and support that KVH is committed to offering all of its customers around the globe. This new relationship has the potential to lead to significant sales growth and an even stronger position for KVH in Italy and in Europe as a whole.”
“The agreement with KVH was a pleasant surprise and we are very happy and proud to be able to offer our customers such an outstanding brand,” stated Alberto Monfrini, Deck Marine’s Managing Director. “We believe that the satellite TV antenna market is going to develop, and we reckon that the satellite communications industry will grow even more rapidly, providing an ever-increasing number of voice, fax, data, and Internet solutions for mobile users. KVH offers a complete range of satellite communications products combining state-of-the-art technology and high reliability, and users can count on a worldwide service network.”
KVH’s award-winning line of TracVision marine satellite TV antennas offers in-motion satellite television within all regional satellite TV service areas plus compatibility with KVH’s TracNet™ broadband Internet system and service. KVH is also a leading provider of marine satellite communications systems. The fully stabilized Tracphone systems connect pleasure and commercial marine vessels worldwide via two-way voice, fax, and e-mail compatible with reliable Inmarsat Fleet and mini-M services.
For more information on KVH’s complete line of marine communications products, please visit http://www.tracvision.com and http://www.tracphone.com.
Note to editors - High-resolution images of KVH’s marine satellite TV and communication products are available at http://www.kvh.com/mediasupport.
Founded in 1976, Deck Marine is recognized as a leader in the distribution of marine electronics equipment throughout Europe. Its established rapport with shipyards across Italy has allowed the company to sustain its success in producing trustworthy products manufactured by companies whose brands are synonymous with quality.
KVH Industries, Inc., is the leader in designing and manufacturing satellite television antennas for mobile applications on land or sea. More customers use mobile TracVision antennas on their boats, RVs, trucks, buses, and automobiles than any other competing product. An ISO 9001-certified company, KVH has headquarters in Middletown, Rhode Island, USA, with a fiber optic and military navigation product manufacturing facility in Tinley Park, Illinois, and a European sales, marketing, and support office in Kokkedal, Denmark.
This release may contain certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, for example, the company’s expectations for potential sales growth in the European market, 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, the failure of the markets for KVH’s products in Italy and the rest of Europe to develop significantly, as well as those discussed in KVH’s most recent Form 10-Q filed with the SEC. KVH assumes no obligation to update its forward-looking statements to reflect new information or developments.