KVH Receives $1.5 Million Order for TACNAV Systems
01 May 2015 - 9:00PM
KVH Industries, Inc., (Nasdaq:KVHI) announced today that it has
received a $1.5 million contract for the delivery of tactical
navigation systems for use by an international military customer in
an armored vehicle application. A variant of KVH's TACNAV® TLS and
TACNAV Light, the system is designed to help military vehicle crews
maintain 100% situational awareness. The hardware shipments for
this order are expected to be made in 2015. Program management and
engineering services will be provided as part of this order.
"KVH's TACNAV navigation solution is an important tool for U.S.
and allied warfighters, providing precision navigation as well as
coordination of vehicles in critical situations," explains Dan
Conway, executive vice president of KVH's Guidance and
Stabilization group. "The system serves as a crucial resource for
navigation and battle management, keeping soldiers safe and out of
harm's way wherever they travel. This new order reaffirms the value
of KVH's TACNAV products for international militaries, and adds to
our backlog for the year."
All of 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
heading and position source for situational awareness. The TACNAV
system ordered today combines characteristics of TACNAV TLS and
TACNAV Light, and features a compact design, continuous heading and
pointing data output, and a flexible architecture that allows it to
function as either a standalone navigation module or as the heart
of an expanded, multifunctional TACNAV system. The system is
designed to integrate with Battle Management Systems (BMS) and is a
vital component for effective battlefield management.
TACNAV systems are currently in use by the U.S. Army and Marine
Corps, as well as many allied customers including Canada, Sweden,
Great Britain, France, Germany, Spain, Egypt, Botswana, Australia,
New Zealand, Saudi Arabia, Taiwan, Romania, Poland, Turkey,
Malaysia, Switzerland, South Korea, Singapore, Brazil, and
Italy.
Note to Editors: For more information about KVH's TACNAV
tactical navigation systems, please visit www.kvh.com/TACNAV.
High-resolution images of KVH products are available at the KVH
Press Room Image Library, www.kvh.com/press-room/image-library.
About KVH Industries, Inc.
KVH Industries is a premier manufacturer of high-performance
sensors and integrated inertial systems for defense and commercial
guidance and stabilization applications, having sold more than
18,000 TACNAV systems and 80,000 fiber optic gyros. The company is
also a leading provider of in-motion satellite TV and
communications systems, having designed, manufactured, and sold
more than 175,000 mobile satellite antennas for applications on
vessels, vehicles, and aircraft. KVH is based in Middletown, RI,
with research, development, and manufacturing operations in
Middletown, RI, and Tinley Park, IL. The company's global presence
includes offices in Belgium, Brazil, Cyprus, Denmark, Hong Kong,
Japan, the Netherlands, Norway, Singapore, and the United
Kingdom.
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 the potential
value of military contracts. The actual results could differ
materially. Factors that may cause such differences include, among
others, lack of reliable vendors, delays in customers'
qualification processes for our products or other delays in
shipping, uneven military sales cycles, changes in military
fielding and equipment requirements, the ability of the government
and its contractors to cancel orders at their convenience, and
changes in international situations. These and other risk factors
are discussed in more detail 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.
CONTACT: Jill Connors
Media & Communications Manager
KVH Industries, Inc.
401-851-3824
jconnors@kvh.com
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