KVH Receives Orders Valued at $1.7 Million for TACNAV Military Navigation Components
04 April 2007 - 9:30PM
Business Wire
KVH Industries, Inc., (Nasdaq: KVHI) announced today that it has
received two orders from a U.S. defense contractor for the purchase
of components and upgrades for KVH�s TACNAV� vehicle navigation
systems for use on U.S. military combat vehicles. The two orders,
which have a total value of approximately $1.7 million, are both
scheduled to ship during the second and third quarters of 2007.
�These new orders confirm the long-term reliability and the
versatility of our TACNAV systems when used by U.S. and allied
warfighters. The upgrades and enhancements addressed by these
TACNAV components will permit TACNAV systems in the field to
support applications in a wide range of demanding military
environments, including vehicle navigation and integration with
digital battlefield management systems,� 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 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
Iraq and elsewhere. Military forces fielding TACNAV include the
U.S. Army, Marine Corps, and Navy as well as many allied customers,
among them Canada, Sweden, Great Britain, Germany, Spain,
Australia, New Zealand, Saudi Arabia, Taiwan, Malaysia,
Switzerland, and Italy. Due to contractual restrictions, additional
details regarding the customers and vehicle platforms cannot be
disclosed at this time. Complete details regarding KVH�s defense
navigation and guidance products are available at
http://www.tacnav.com. Note to editors: High-resolution images of
KVH�s defense navigation products are available at
http://press.kvh.com for download and editorial use. About KVH
Industries, Inc. KVH Industries, Inc., is a premier manufacturer of
systems to provide access to live mobile media ranging from
satellite TV to telephone and high-speed Internet for vehicles and
vessels as well as a leading source of navigation, pointing, and
guidance solutions for maritime, defense, and commercial
applications. The company�s products are based on its proprietary
mobile satellite antenna and fiber optic technologies. An ISO
9001-certified company, KVH is based in Middletown, Rhode Island.
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, 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-K 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.
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