New orders from U.S. and international customers are for KVH's tactical navigation systems and displays
MIDDLETOWN, R.I., Oct. 2 -- KVH Industries, Inc., (Nasdaq: KVHI) announced today that it has received a total of $2 million in new orders from multiple U.S. and international military customers for its TACNAV® tactical navigation systems and Universal Multilingual Displays (UMDs). Shipments of these orders are scheduled to begin in the fourth quarter of 2009 with some extending into 2010. Due to contractual restrictions, additional details regarding the customers and platforms cannot be disclosed at this time.
"Our TACNAV systems continue to prove their worth in a wide range of demanding military environments and operational theatres worldwide. The versatility of our military-grade Universal Multilingual Displays also allows us to support an array of applications and operations carried out by U.S. and allied soldiers around the globe," 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 systems 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 Afghanistan, 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, Botswana, Singapore, and Italy.
Visit http://www.tacnav.com for complete details regarding KVH's defense navigation and guidance products.
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; 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, 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. All other trademarks are the property of their respective companies.