Lease program makes adding KVH TracPhone V7 and mini-VSAT Broadband service convenient and cost-effective for commercial fleets
Kokkedal, Denmark – May 30, 2008 – Recognizing the growing interest from commercial maritime operators and their unique operational needs, KVH Europe A/S announced today the launch of a new leasing program for the new TracPhone® V7 and mini-VSAT Broadband service. With a 36-month lease and an extended 36-month warranty, commercial TracPhone V7 owners will now be able to treat the TracPhone V7 as an operating expense at very reasonable interest rates.
“Shipping and offshore operators are realizing that crew morale and retention are necessary expenditures in an extremely competitive market,” said Mads Bjerre-Petersen, KVH Europe’s managing director. “However, existing satellite communication services and hardware are either too expensive to support crew needs or they are restricted to communications critical to shipboard operation. With the compact TracPhone V7 and mini-VSAT Broadband service, KVH offers commercial and industrial vessels an innovative and powerful satellite communications technology that brings significant advantages in size, data speed, and airtime costs while connecting captains and crew to broadband Internet access and VoIP telephone service. And with our new lease program, the typical cost to add a TracPhone V7 will be around $1.475 per month, making it even easier for ship owners and fleet operators who may be looking for a stand-alone system or a complement to an existing service.”
The TracPhone V7, a rugged, 24" (60 cm) antenna, delivers mini-VSAT Broadband service with data rates as fast as 2 Mbps shore-to-ship and 512 Kbps ship-to-shore. A fraction of the size of standard 1-meter VSAT systems, the TracPhone V7 (and its fully integrated below-decks modem and control unit) offers easy connections to shipboard networks, fully stabilized tracking, and a significant reduction in hardware and installation costs, without compromising performance. This advanced solution equips vessels with the capability to easily send and receive manifests, access company networks, download chart updates, and use the enhanced VoIP telephone service to help crew members stay in touch with their loved ones. Any customer leasing a TracPhone V7 can also bundle any of KVH’s Inmarsat-compatible TracPhones or TracVision® satellite TV systems into the lease for a comprehensive communications and entertainment solution.
For single vessels and fleets, the KVH TracVision M9, KVH’s 82 cm maritime satellite television system, is an invaluable addition for commercial operators looking to strengthen crew morale while taking advantage of the lease program. The TracVision M9 uses KVH’s proprietary RingFire technology, a remarkable breakthrough in antenna design. Fusing precisely shaped, tuned parabolic dish antennas with custom-designed, dual-mode feed tubes and uniquely modified LNBs, RingFire technology provides unmatched illumination of the reflector, resulting in signal strengths that are comparable to competitors’ larger antennas and support for satellite TV services around the globe.
KVH’s breadth of products and services is an advantage for the company’s customers, explained Bjerre-Petersen. “Our ability to offer a comprehensive package of satellite communications and satellite TV hardware and services along with a global dealer network is a tremendous plus to commercial customers. Our commercial-grade TracVision systems and the benefits for real-time news and crew entertainment are very appealing.”
Visit http://www.minivsat.com for more information on the TracPhone V7 and http://www.tracvision.com for information about the TracVision M9.
About KVH Europe A/S
KVH Europe A/S is a wholly owned subsidiary of Middletown, RI, USA-based KVH Industries, Inc. (Nasdaq: KVHI). KVH is a leading provider of in-motion satellite TV and communication systems, having designed, manufactured, and sold more than 150,000 mobile satellite antennas for applications on boats, RVs, trucks, buses, and automobiles. KVH Europe is the preferred supplier of marine satellite TV systems to most leading powerboat builders and, as a winner of 23 National Marine Electronics Association “Best Product” awards, KVH’s mission is to connect mobile customers with the same digital television entertainment, communications, and Internet services that they enjoy in their homes and offices.
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; 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, 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, TracVision, and TracPhone are registered trademarks of KVH Industries, Inc. All other trademarks are the property of their respective companies.