MIDDLETOWN, R.I., Feb. 5 -- 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® vehicle navigation systems for use on U.S. military combat vehicles.
The two orders, which have a total value of approximately $1.4 million, are
scheduled to begin shipping in the first quarter of 2008.
"KVH's TACNAV systems continue to prove their value to U.S. and allied
warfighters on the battlefield. The components covered by these two orders
will enable TACNAV systems on U.S. vehicles to be upgraded and enhanced to
provide continued support in the rigorous military environment and mission-
critical applications, 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 and Marine Corps, 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-Q 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.