Borsen and Computerworld rank KVH the number one hardware manufacturer in Denmark
MIDDLETOWN, R.I., Oct. 19 -- KVH Industries, Inc., (Nasdaq: KVHI) announced today that its European division recently received two prestigious rankings from the Danish press. Borsen, the leading daily business journal in Denmark, ranked KVH Europe A/S the top IT company of 2009 in the hardware category. Similarly, Computerworld, a weekly publication specializing in information technology, named KVH Europe A/S the number one firm in production of IT hardware.
"While the leisure marine market remains our largest market, our growth strategy is to penetrate and expand our presence in the commercial marine market. Part of this strategy is to move upwards in the value chain," said Svend Lykke Larsen, managing director of KVH Europe A/S. "It is our goal to turn large commercial vessels into 'offices' on par with the onshore offices of the fleet operators by building on the capabilities of our global mini-VSAT Broadbandsm satellite communications network and integrated TracPhone® hardware. In doing so, we make it possible for ship owners and fleet operators to manage their vessels just like they do with any other department or division that is part of their corporation."
Borsen has ranked the top 200 IT companies in Denmark annually since 2004 in seven different categories. KVH Europe A/S was lauded for its proactive strategy to diversify the business and its ability to effectively combat the economic crisis through the expansion of their commercial business, achieved mainly through deployment of the TracPhone V7 satellite communication system and mini-VSAT Broadband network to commercial fleets. Computerworld released its list of the top 100 companies in Denmark in four fields, measured across four parameters. KVH was ranked number one in the hardware category after evaluation of its efficiency (measured in growth per employee, profit ratio, growth in turnover, and ROI) based on key figures from the latest annual accounts.
"We are very pleased to be recognized by these two prestigious publications for our progress in the commercial market, and for the excellent quality and service that KVH is known for," said Lykke Larsen. "It is an honor for KVH to be recognized internationally as a leader in mobile technology."
Please visit www.kvh.com/marinesat to learn more about KVH's award-winning satellite TV and communications systems for boats.
About KVH Industries, Inc.
Middletown, RI-based KVH Industries, Inc., 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. Winner of the prestigious General Motors Innovative Design Award, 2 CES Innovation Awards, 33 National Marine Electronics Association Industry Awards, the DAME Award in the Marine Electronics category, and a finalist for the Automotive News PACE Award, 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 and TracPhone are registered trademarks of KVH Industries. mini-VSAT Broadband is a service mark of KVH Industries, Inc. All other trademarks are the property of their respective companies.