MIDDLETOWN, R.I.--(BUSINESS WIRE)--April 4, 2007--KVH Industries,
Inc., (Nasdaq: KVHI) announced today that it has received two orders
from a U.S. defense contractor for the purchase of components and
upgrades for KVH's TACNAV(R) vehicle navigation systems for use on
U.S. military combat vehicles. The two orders, which have a total
value of approximately $1.7 million, are both scheduled to ship during
the second and third quarters of 2007.
"These new orders confirm the long-term reliability and the
versatility of our TACNAV systems when used by U.S. and allied
warfighters. The upgrades and enhancements addressed by these TACNAV
components will permit TACNAV systems in the field to support
applications in a wide range of demanding military environments,
including vehicle navigation and integration with digital battlefield
management systems," explained Dan Conway, vice president of business
development for KVH Industries.
KVH's TACNAV military vehicle navigation systems provide
unjammable, precision navigation, heading, and pointing data for
vehicle drivers, crews, and commanders. TACNAV can also serve as a
link between each vehicle and the overall digital battlefield, making
each unit a node in a secure military network that consolidates a wide
range of tactical data to provide detailed information to individual
units and military commanders. TACNAV systems are currently in use on
U.S. and allied vehicles participating in ongoing operations in Iraq
and elsewhere. Military forces fielding TACNAV include the U.S. Army,
Marine Corps, and Navy as well as many allied customers, among them
Canada, Sweden, Great Britain, Germany, Spain, Australia, New Zealand,
Saudi Arabia, Taiwan, Malaysia, Switzerland, and Italy.
Due to contractual restrictions, additional details regarding the
customers and vehicle platforms cannot be disclosed at this time.
Complete details regarding KVH's defense navigation and guidance
products are available at http://www.tacnav.com.
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-K
filed with the SEC. KVH does not assume any obligation to update its
forward-looking statements to reflect new information or developments.
KVH and TACNAV are registered trademarks of KVH Industries, Inc.
All other trademarks are the property of their respective companies.