KVH's new mini-VSAT coverage area ideally positioned to support broadband nternet and voice service needs for Brazilian offshore oil and gas operations
MIDDLETOWN, R.I. -- Filling in a major new region in its worldwide satellite communications network, KVH Industries, Inc. (Nasdaq:KVHI) today announced that it has signed an agreement with Star One to support mini-VSAT Broadband coverage for Brazil and its offshore waters. Supported via the Star One C-1 satellite, the new service region is expected to go live in the fall of 2010, providing mini-VSAT Broadband service for commercial and leisure mariners, the expanding Brazilian offshore oil and gas fields, and network coverage to the ViaSat Yonder(R) in-flight broadband network for business and commercial aircraft.
"With the addition of Brazilian coverage, we have completed virtually our entire global mini-VSAT Broadband network. The result is a seamless, global Ku-band communications service offering powerful broadband connections and extremely affordable airtime ideal for a broad array of commercial and recreational maritime applications," explained Brent C. Bruun, KVH's vice president of satellite sales and business development. "We are especially excited by the prospect of bringing this service and our rugged TracPhone® V7 satellite communication system to the offshore oil and gas industry in Brazilian waters, including the rigs, supply ships, and other vessels that support this critical industry."
The mini-VSAT Broadband network was designed from the ground up to be the first next-generation maritime satellite communications solution. Offering service and performance superior to traditional maritime VSAT services through a global spread spectrum satellite network, it also includes the commercial-grade KVH TracPhone V7, the first FCC-approved 24-inch (60 cm) VSAT antenna. The seamless worldwide network is delivered by 11 satellite transponders and 8 secure earth stations and offers voice service and Internet access as fast as 512 Kbps (upload) and 2 Mbps (download) with significant cost savings compared to competing services.
About KVH Industries, Inc.
Middletown, RI-based KVH Industries, Inc., and its wholly owned subsidiary, KVH Europe A/S, are leading providers of in-motion satellite TV and communications systems, having designed, manufactured, and sold more than 150,000 mobile satellite antennas for applications on vessels, vehicles, and aircraft. KVH's mission is to connect mobile customers around the globe with the same digital television entertainment, communications, and Internet services that they enjoy in their homes and offices.
This release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements include, for example, the service rollout plans, the functionality, characteristics, quality and performance of KVH's products and technology; anticipated innovation and product development; and customer demand, preferences, requirements and expectations. The actual results could differ materially. Factors that may cause such differences include, among others, the successful launch and deployment of new satellites; uncertainty about the scope of customer demand; the potential inability to secure the licenses necessary for the network; risks associated with the delivery or performance of critical hardware; future decisions about the expected profitability of additional satellite regions; changes in the costs and capabilities of competing offerings; and those other risk factors 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. All other trademarks are the property of their respective companies.