KVH Receives $1.3 Million in New Orders for Tactical Navigation Systems
08 April 2009 - 9:30PM
PR Newswire (US)
Orders from three international systems integrators expand KVH's
multi-year, multi-million dollar backlog for TACNAV systems and
components MIDDLETOWN, R.I., April 8 /PRNewswire-FirstCall/ --
Three international prime contractors have placed a total of $1.3
million in new orders for tactical navigation systems from KVH
Industries, Inc., (NASDAQ:KVHI). Shipments of these TACNAV(R)
orders are scheduled to begin in the second quarter of 2009 with
some extending into 2010. Due to contractual restrictions,
additional details regarding the customers and vehicle platforms
cannot be disclosed at this time. "These new orders are a
reflection of the value that our international customers place on
our TACNAV systems, which have proven their worth in a wide range
of demanding military environments and operational theatres
worldwide," 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
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, and Italy. Visit http://www.tacnav.com/ for complete
details regarding KVH's defense navigation and guidance products.
Note to Editors: High-resolution, press-ready image of KVH's
tactical navigation systems are available on http://press.kvh.com/
for download and editorial use. 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; 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 Annual Report on 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. DATASOURCE: KVH
Industries, Inc. CONTACT: Chris Watson of KVH Industries, Inc.,
+1-401-845-8138, Web Site: http://www.kvh.com/
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