MIDDLETOWN, R.I.--(BUSINESS WIRE)--Feb. 12, 2007--KVH Industries,
Inc., (Nasdaq: KVHI) today announced that it has received an follow-on
order for more than $2.6 million worth of KVH's TG-6000 inertial
measurement units for use in the U.S. Navy's MK54 torpedoes. This is
the first of three options associated with a contract originally
signed in September 2005, which has a potential value of more than
$15.8 million over the life of the contract. Shipments for this option
will extend into 2008.
"The integration of the KVH TG-6000 within the MK54 torpedo is a
clear validation of the precision, performance, robust design, and
value offered by our fiber optic gyro technology and our inertial
measurement unit in particular," remarked Dan Conway, KVH's vice
president for business development. "We look forward to continuing our
work with this technology in support of U.S. military forces as well
as actively pursuing new applications of our integrated precision
navigation unit throughout the military and commercial marketplaces."
The KVH TG-6000 IMU precisely measures both rate and acceleration
in three axes, critical for the navigation of a torpedo or other
platforms. The IMU employs a three-axis configuration of KVH's FOGs,
which offer an all-fiber design and patented Digital Signal Processing
(DSP) for high reliability, superior accuracy and performance, and
exceptional vibration, shock, and acceleration survivability. In
addition to the FOGs, the TG-6000 includes three accelerometers.
Together, the integrated IMU provides outstanding performance, high
reliability, low maintenance, and easy system integration ideal for
use in a wide range of applications, including manned and unmanned
vehicle navigation and guidance systems for aerial and underwater
vehicles. The TG-6000 is also an outstanding sensor suite for the most
demanding stabilization and pointing applications.
About KVH Industries, Inc.
KVH Industries, Inc., is a premier manufacturer of systems to
provide access to live mobile media ranging from satellite TV to
telephone and high-speed Internet for vehicles and vessels as well as
a leading source of navigation, pointing, and guidance solutions for
maritime, defense, and commercial applications. The company's products
are based on its proprietary mobile satellite antenna and fiber optic
technologies. An ISO 9001-certified company, KVH is based in
Middletown, Rhode Island.
This release may contain certain forward-looking statements that
involve risks and uncertainties. Forward-looking statements include,
for example, the functionality, characteristics, quality and
performance of KVH's products and technology; and customer
preferences, requirements and expectations. The actual results could
differ materially. Factors that may cause such differences include,
among others, uneven military sales cycles, changes in military
fielding and equipment requirements, and changes in international
situations, as well as those discussed in KVH's most recent Form 10-Q
filed with the SEC. KVH does not assume any obligation to update its
forward-looking statements to reflect new information or developments.
KVH is a registered trademark of KVH Industries, Inc. All other
trademarks are the property of their respective companies.