New contract expands on Kongsberg's earlier $6 million contract for KVH fiber optic gyros to use in new stabilized remote weapon stations
MIDDLETOWN, R.I., July 10 -- KVH Industries, Inc.,
(Nasdaq: KVHI) today announced that it has received a new $2 million order for
its precision DSP-3100 fiber optic gyros (FOGs) from Kongsberg Defence &
Aerospace for use in the Protector family of remote weapon stations. The
contract is in addition to a $6 million order received in April 2008 from
Kongsberg, and will extend DSP-3100 FOG shipments into the early part of 2009.
As with the previous order, this contract is subject to the successful
completion of DSP-3100 testing and qualification, which is already underway.
The Protector family of remote weapon stations substantially improves crew
safety and weapon accuracy by allowing gunners to operate, aim, and fire the
weapon from inside the safety of their vehicles, taking the gunners out of
turret positions where they are exposed to hostile fire. Kongsberg's Protector
will rely on KVH's new DSP-3100 FOGs to provide precise stabilization and
weapon recoil control while ensuring that the weapon stays on target whether
the vehicle is stationary or on the move.
"KVH's fiber optic gyros are ideally suited for stabilized weapons, such
as the Protector family, that provide critical safety and operational benefits
for U.S. and allied warfighters," said Dan Conway, KVH's vice president of
business development. "We are grateful for this display of confidence in our
FOG technology and look forward to continuing our close collaboration with
Kongsberg in the future."
With its all-fiber design and patented Digital Signal Processing (DSP)
technology, KVH's DSP-3100 FOG offers high reliability, superior accuracy and
performance, and exceptional vibration, shock, and acceleration survivability
at an affordable cost. KVH's fiber optic guidance and sensor systems are used
in an array of commercial and defense-related stabilization, navigation,
autonomous vehicle, and precision guidance applications.
KVH's fiber optic gyro resource page -- http://www.fiberopticgyro.com --
offers additional details regarding KVH's fiber optic gyro solutions.
Visit http://www.kongsberg.com for additional information about Kongsberg
and its Protector family of remote weapon stations.
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.