Increase in transponder capacity will help KVH keep up with demand from growing TracPhone V7 customer base in Asia, Africa, and the West Indian Ocean
MIDDLETOWN, RI – To meet the demands of a growing international commercial subscriber base, KVH Industries, Inc., (Nasdaq: KVHI) has completed a major capacity increase across three key regions of the mini-VSAT Broadband satellite communications network. With this latest boost, KVH and its partner, ViaSat, Inc. (Nasdaq: VSAT), doubled the mini-VSAT Broadband network’s capacity in the Asian, African, and the West Indian ocean regions, including waters off the coasts Australia and New Zealand. Thanks to this expansion, new and existing commercial fishing, shipping, and oil and gas vessels, along with naval units, will continue to enjoy optimal satellite communications service via the mini-VSAT Broadband network.
“This capacity expansion is another key step in our strategic growth plan for mini-VSAT Broadband,” explains Brent Bruun, KVH’s vice president for satellite product sales and business development. “We recognize that all three of these regions are being travelled more frequently by commercial and military vessels equipped with TracPhone V7 systems. We are confident that KVH and ViaSat’s proactive expansion of capacity in key regions will ensure outstanding service for our customers who travel there.”
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 rugged KVH TracPhone V7, the first FCC-approved 24-inch (60 cm) VSAT antenna. Already the fastest growing maritime VSAT solution, mini-VSAT Broadband’s seamless worldwide network is delivered by 13 satellite transponders and 10 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.
KVH Industries, Inc., and its subsidiaries are leading providers of in-motion satellite TV and communication 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. The company is based in Middletown, RI, with facilities in Illinois, Denmark, Norway, and Singapore.
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, 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, Inc. “mini-VSAT Broadband” is a service mark of KVH Industries, Inc. All other trademarks are the property of their respective companies.
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