KVH's precision DSP-3100 FOGs helping improve effectiveness of vehicle-mounted remote weapons by providing optical and targeting stabilization
MIDDLETOWN, R.I., Sept. 24 -- KVH Industries, Inc., (Nasdaq: KVHI) announced today that it has received a new $2.1 million order for its precision fiber optic gyros (FOGs) for use in remote stabilized weapon stations (RWS) from a major defense contractor. Shipment of KVH FOGs for this order is expected to be completed in early 2010.
"KVH's fiber optic gyros are playing a critical role in the successful use of remote weapon stations to improve the safety of U.S. and allied warfighters as well as increase their efficiency and effectiveness in the field," said Jay Napoli, KVH's vice president of FOG and OEM sales. "Thanks to their use in remote weapon stations as well as a growing number of commercial applications for guidance, navigation, and stabilization, our fiber optic gyros are an increasingly valuable element of KVH's overall business strategy."
Remote weapon stations allow 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. KVH's DSP-3100 FOGs provide precise optical stabilization and weapon recoil control for RWS units while ensuring that the weapon stays on target whether the vehicle is stationary or on the move.
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.
About KVH Industries, Inc.
KVH Industries is a leading manufacturer of solutions that provide global high-speed Internet, television and voice services via satellite to mobile users at sea, on land, and in the air. KVH is also a premier manufacturer of high performance sensors and integrated inertial systems for defense and commercial guidance and stabilization applications. The company is based in Middletown, RI, with facilities in Tinley Park, IL, and Kokkedal, Denmark.
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, delays in customers' qualification processes for our products or other delays in shipping, 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.
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