Kokkedal, Denmark – February13, 2008 – KVH Europe today named KD s.r.l. its new distributor for KVH’s award-winning TracVision® satellite TV and TracPhone® satellite communications systems to the Italian market. KD s.r.l. was founded by several former members of Deck Marine (KVH’s previous distributor and now a division of Raymarine, Inc.). This transition offers a particularly high level of convenience to KVH’s Italian dealers and boat builders, because all legal rights, contracts, warranty and service obligations will be transferred from Deck Marine to KD s.r.l. with no business or service interruptions.
“KVH Europe is excited about this new distribution arrangement, which allows the entire KD s.r.l. staff to focus on the very best sales and support efforts for KVH,” says Mads Bjerre-Petersen, managing director for KVH Europe. “We feel confident that the new company structure will be beneficial to all parties and look forward to our continued collaboration and success.”
The staff at KD s.r.l. share this positive expectation. “We have all worked with KVH products for several years, and we know that this manufacturer is the world leader in mobile satellite communications,” says Gianpiero Curami, chief executive officer of KD s.r.l. “We are excited to begin this new venture and to dedicate all of our resources to selling what we believe are the best products available in the industry. Our experienced sales and technical support staff is completely familiar with KVH and its outstanding products. We now have the freedom to dedicate our full attention and effort to promoting TracVision and TracPhone products to boaters and dealers throughout Italy.”
Additional information about TracVision and TracPhone products is available at www.kvh.com.
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 leading powerboat builders like Sunseeker, Princess, Fairline, Rodriquez, Azimut, and Astondoa. 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 home 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. Factors that may cause such differences include, among others, our dependence on the availability of third-party satellites, which face significant operational risks and could fail earlier than their expected useful lives, for our mobile satellite communication services, 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, TracVision, and TracPhone are registered trademarks of KVH Industries. All other trademarks are the property of their respective companies.