The National Marine Electronics Association (NMEA) awarded KVH
Industries (Nasdaq:KVHI) its prestigious "Best Product Award" in
two categories, communications and entertainment, at its annual
convention in Orlando, Florida last week. The KVH TracVision® HD7
won the award for "Best Entertainment Product" of the year, and the
KVH TracPhone® V3 won the award for "Best Communications Product."
The NMEA is the global marine electronics industry's premier trade
association and is made up of more than 600 companies including
manufacturers, dealers, and boat builders. This is the 14th
consecutive year that KVH has won a best product award from the
NMEA.
"We are thrilled to have won two awards at this year's NMEA
Convention," said Martin Kits van Heyningen, KVH's CEO. "It's
always gratifying to us to win the recognition of our industry
partners. There are no better judges for the real performance of
marine electronics products than the knowledgeable NMEA dealers who
are actually out there installing and supporting the equipment on a
daily basis. KVH invests a lot in training and supporting our
global distribution channel to assure our products are
professionally installed and supported, which helps us to deliver
the best possible experience for our customers."
The TracVision HD7, which won the award for "Best Entertainment
Product," is a stabilized satellite antenna that will work
throughout the Americas to deliver the ultimate in both standard-
and high-definition TV. The first product able to simultaneously
track and deliver transmissions from both Ku-band and Ka-band
satellites, the TracVision HD7 has become the favorite solution for
boaters who want to watch high-definition programming from the
popular DIRECTV® service on their boats. To make this innovative
product even more versatile, KVH invented the Tri-Americas® LNB
that enables the antenna to work with all of the popular satellite
TV services throughout North and South America.
"The TracVision HD7 is our first choice for customers who want
the ultimate in high-definition TV," said Todd Tally, Sales Manager
of Atlantic Marine Electronics, one of KVH's leading dealers in
North America. "Even in rough sea conditions, it simultaneously
tracks DIRECTV's Ku- and Ka-band satellites and provides a no-fuss,
no-hassle user experience for our customers, exactly like they
enjoy at home. We find the system to be extremely reliable and easy
to install, and KVH's technical support team is fantastic. The
TracVision HD7 is by far the best TV antenna I've seen in the 15+
years I've been in the marine electronics business."
Winning the "Best Communications Award" was the KVH TracPhone
V3, the world's smallest maritime VSAT antenna, which is designed
to work with KVH's mini-VSAT Broadbandsm satellite network. KVH
built its global maritime satellite communications network to
provide customers with an affordable alternative to the Inmarsat
service, which customers complained was prohibitively expensive to
use for accessing the Internet. Due to the mini-VSAT Broadband
network's unique spread spectrum technology (similar to that used
in the new high-powered 3G and 4G networks on land), KVH was able
to develop the TracPhone V3, a system similar in size and cost to
Inmarsat FleetBroadband equipment, but offering service up to ten
times faster at broadband speeds of up to 2 Mbps, with airtime
rates 1/10th the cost of Inmarsat. KVH's airtime packages for the
TracPhone V3 start as low as $49 per month for 50 MB of service.
The product also provides crystal-clear Voice over IP (VoIP)
calling, anywhere in the world, for only $0.49 per minute.
"For my customers, being able to stay connected to their
business and personal obligations onshore directly determines how
much time they can spend offshore enjoying their boats," Tally
adds. "The TracPhone V3 with the KVH mini-VSAT Broadband service is
the most popular satellite communications solution we sell, both
because it provides a fast, reliable, high quality connection and
because it is one of the only satellite communications services
with reasonable airtime costs. Our customers have been thrilled
with the reliability of the system. This product is clearly the
technology leader and definitely deserved to win the NMEA Best
Product Award for communications this year."
For additional information on KVH's award-winning TracVision and
TracPhone products and for full details about the KVH mini-VSAT
Broadband service, please visit www.kvh.com.
Note to Editors: High-resolution, press-ready images of KVH's
award-winning TracVision HD7 and TracPhone V3 are available at
http://press.kvh.com for download and editorial use.
About Atlantic Marine Electronics
Founded in 2003, Atlantic Marine Electronics is one of North
America's premier marine electronics dealers and is widely known
for their exceptional global customer support and their high
quality installations. The preferred marine electronics dealer for
Viking Yachts, Atlantic Marine Electronics is well qualified to
offer the ultimate marine electronics solutions for sportfishing
boats or any other type of vessel. They have 30 installers working
out of three offices, one in New Jersey and two in Florida.
About KVH Industries, Inc.
KVH Industries, Inc. is the leading provider 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. In March 2012,
Euroconsult reported that KVH was the market share leader in global
maritime VSAT. 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, Japan, and Singapore.
This release may contain certain forward-looking
statements that involve risks and uncertainties. Forward-looking
statements include, for example, statements regarding the company's
anticipated global expansion, available development opportunities
and our ability to take advantage of those opportunities. The
actual results realized by the company could differ materially from
the statements made herein. Factors that may cause such
differences include, among others, ongoing economic uncertainty;
potential increased competition; new product and service offerings
by our competitors; unanticipated declines in demand for our
products and services; seasonal factors; the need for or delays in
qualification of products to customer or regulatory standards;
potential declines in military sales, including to foreign
customers; the unpredictability of defense budget priorities as
well as the order timing, purchasing schedules, and priorities for
our defense products, including possible order cancellations; as
well as the other 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, Tri-Americas, TracVision, 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.
CONTACT: Jim Dodez
KVH Industries, Inc.
401-847-3327
jdodez@kvh.com
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