MIDDLETOWN, RI – February 13, 2006 – KVH Industries, Inc., (Nasdaq: KVHI) announced today that Mr. Timothy Allen has joined the company as its Vice President of Finance and Corporate Controller.
“We are extremely pleased that Tim has joined KVH, bringing with him more than a decade of experience in corporate finance, accounting, tax strategy, and SEC compliance and reporting,” said Patrick Spratt, KVH’s chief financial officer. “His expertise in the day-to-day oversight of internal financial controls as well as with the complex Sarbanes-Oxley regulations will be a valuable resource for KVH, enabling us to continue strengthening our financial structure and achieve our long-term operational goals.”
Mr. Allen most recently served as senior vice president and corporate controller for Boston, MA-based American Tower Corporation, a premier owner and operator of wireless and broadcast communications sites in North America, Mexico, and Brazil. Prior to that, he served as a senior manager for the accounting firm KPMG-Peat Marwick. Mr. Allen holds a Bachelor’s degree in Accounting from Providence College.
About KVH Industries, Inc.
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-certified company, KVH is headquartered in Middletown, Rhode Island.
This release may contain certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, for example, the company’s financial expectations. The actual results could differ materially. Factors that may cause such differences include, among others, 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.
KVH® is a registered trademark of KVH Industries, Inc.