KVH TracPhone V-IP Series Satellite Terminals to Support Jeppesen OpenENC PAYS Subscribers
04 June 2013 - 2:04PM
KVH Industries, Inc., (Nasdaq:KVHI) plans to offer automatic
position reports to support its customers who subscribe to the
popular Jeppesen OpenENC "Pay-As-You-Sail" (PAYS) electronic chart
service. OpenENC PAYS provides subscribers with access to the
entire Jeppesen Electronic Navigation Chart (ENC) database,
allowing them to pay only for the charts they actually use based on
position reports made periodically to Jeppesen. KVH's new
TracPhone® V-IP series terminals all feature internal GPS systems,
which enable accurate position tracking for Jeppesen without
needing to interface with the vessel's navigation system, thus
providing an affordable PAYS solution for mutual KVH and Jeppesen
customers.
"Jeppesen OpenENC PAYS is already an excellent subscription
option for vessels that travel variable routes and need to meet IMO
requirements for ECDIS," said Alex Zakroff, Jeppesen's Vice
President/General Manager, Marine. "KVH plans to make it easy and
economical for their mini-VSAT Broadbandsm customers to use our
PAYS solution by providing affordable position reports. Our
companies expect that aligning our technologies will enhance the
value we bring to the customer."
"KVH and Jeppesen have been having a lot of creative discussions
about ideas for making satellite delivery of charts a practical
replacement for physically distributing DVDs to vessels. Through
this cooperation, we realized that the position data we were
already collecting to support our mini-VSAT Broadband service was
exactly what Jeppesen needed to support their PAYS service,"
commented Brent Bruun, Executive Vice President of KVH's Mobile
Broadband Group. "With the permission of the customer, we can
support the Jeppesen service, and since the data is already
traveling over our network back to our own operations center, we
decided to offer it as a benefit to mini-VSAT Broadband
customers."
KVH's mini-VSAT Broadband service was launched six years ago and
is now the maritime industry's largest VSAT service, according to
three major industry research reports. To add to its award-winning
data and voice connectivity, KVH launched a new initiative in 2013
to make the mini-VSAT Broadband network the industry's most
efficient content delivery platform. Working closely with
application providers such as Jeppesen to find creative solutions
for delivering content and supporting onboard applications is a key
part of KVH's strategy. The new IP-MobileCast service is expected
to be available to support all of Jeppesen's flexible chart
licensing programs, including traditional direct licensing,
cost-effective dynamic licensing, and flexible Pay-As-You-Sail
(PAYS) service by the end of 2013, subject to final agreement
between the parties.
Vessel owners and managers interested in learning more about
Jeppesen OpenENC PAYS are encouraged to visit www.jeppesen.com.
For additional information about the KVH mini-VSAT Broadband
service, visit www.minivsat.com/vip.
About Jeppesen
Jeppesen is a market-leading provider of vessel operations
services and digital navigation solutions, based on worldwide
vector chart data type approved to ISO19879, meteorological
information and transmission technologies. Jeppesen offers a wide
range of navigation and operations products and services to both
recreational and commercial marine markets. Safety-conscious
boaters, mariners, and operators of vessels ranging from coastal to
SOLAS class, rely on Jeppesen for innovative navigation solutions
that improve safety and efficiency. Jeppesen is a subsidiary of The
Boeing Company.
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's Headland Media group is the maritime industry's leading
provider of rights-approved news, sports, music, and movies, as
well as the Walport Training video series. KVH is based in
Middletown, RI, with facilities in Illinois, Denmark, Norway, the
UK, Singapore, the Philippines, India and Japan.
This press release contains forward-looking statements that
involve risks and uncertainties. Forward-looking statements
include, for example, statements regarding the timing and
occurrence of the anticipated strategic relationship between
Jeppesen and KVH, the functionality, characteristics, quality, cost
and performance of KVH and Jeppesen products, technology and
service rollout plans, as well as customer demand, preferences,
requirements, and expectations. The actual results could differ
materially from those expressed in the forward-looking statements.
Factors that might cause such differences include, among others,
the possibility that the parties will be unable to agree upon the
contractual terms of the anticipated strategic relationship,
uncertainties regarding the time needed to complete negotiations,
potential unanticipated technical or legal impediments,
unanticipated costs and KVH's dependence on the availability of
third-party satellites and services to support broadcasts to mobile
antennas. These and other risk factors are discussed in more detail
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 Industries, Inc., has used, registered, or applied to
register its trademarks in the USA and other countries around the
world, including the following marks: KVH, KVH logo, TracPhone,
CommBox, IP-MobileCast, mini-VSAT Broadband and the mini-VSAT
Broadband logo, and the banded, dome-shaped housing of its
satellite antennas. Other trademarks are the property of their
respective companies.
CONTACT: KVH Industries, Inc.
Nicole Mongillo
+1 401-847-3327
nmongillo@kvh.com
KVH Industries (NASDAQ:KVHI)
Historical Stock Chart
From Jun 2024 to Jul 2024
KVH Industries (NASDAQ:KVHI)
Historical Stock Chart
From Jul 2023 to Jul 2024