KVH Industries, Inc., (Nasdaq:KVHI), announced that as of the end
of 2015, it had shipped more than 6,000 TracPhone® satellite
communications antenna systems for the mini-VSAT Broadbandsm
network. This milestone reaffirms the company’s top market share
position in the maritime VSAT industry by vessels in service, a
benchmark noted in the COMSYS Maritime VSAT Report, 4th Edition,
March 2015. The company also announced that it recently expanded
the capacity on its global mini-VSAT Broadband network, which
provides essential connectivity to vessels around the world.
“Our solution has been widely adopted because it brings
simplicity and value to ship owners and operators, fleet IT
managers, operations professionals, officers, and captains
operating in a highly competitive global environment,” says Martin
Kits van Heyningen, KVH’s chief executive officer. “When we entered
the market in 2007, our goal was to win a leadership position
through market disruption, changing the way mariners thought about
satellite communications by offering a complete solution
encompassing small, simple, easy-to-install equipment, fast data
speeds, and cost-effective airtime.” Since that early market
introduction, the company has ramped up to an average of nearly
1,000 systems per year for five consecutive years, 2011-2015, as
reliance on fast and reliable satellite broadband connectivity has
spread throughout the maritime industry. In 2012, the mini-VSAT
Broadband service became the maritime VSAT market share leader
according to leading market research reports, a position that has
been repeatedly re-confirmed in report updates.
To provide the most robust coverage possible, the company
continually monitors and upgrades its mini-VSAT Broadband service,
and recently expanded its network via an additional Ku-band service
beam that provides Pacific Northwest U.S. coverage, where fishing
fleets operate and rely on connectivity from KVH.
“Operating our own network provides us with unique opportunities
to offer creative solutions to our customers’ problems,” says Mr.
Kits van Heyningen. “Already, more ships rely on KVH’s mini-VSAT
Broadband network than the next two maritime VSAT providers
combined, and our growing customer base and satellite capacity are
testimony to our forward thinking approach to technology and
services.”
These announcements follow last fall’s successful launch of
KVH’s expanded maritime solution, mini-VSAT Broadband 2.0. This
solution includes:
- Compact yet powerful TracPhone V-IP series systems designed
exclusively for the mini-VSAT Broadband network
- A wide range of options for affordable airtime plans that
deliver top data speeds on the network at every price point
- Global connectivity from the maritime industry’s most extensive
C/Ku-band satellite network
- A global private terrestrial and MPLS network for enhanced data
security
- The myKVHTM portal for proactive data management
- KVH OneCareTM comprehensive global support options
- e-Learning maritime training programs from VideotelTM, part of
KVH
- Affordable delivery of gigabytes of the content needed onboard
vessels today via IP-MobileCastTM, KVH’s unique content delivery
service
- Commercially licensed content from KVH Media Group, delivered
via its many services to the maritime industry, including
NEWSlinkTM, MOVIElinkTM, and TVlinkTM
Taken together, the company refers to the complete solution
under the Power of OneTM banner. KVH, Videotel, and KVH Media Group
conduct global sales and support activities from offices around the
world, including 24/7/365 network monitoring and technical support
to mini-VSAT Broadband vessels. The global satellite network
utilizes capacity from 26 transponders on 19 satellites.
Note to Editors: For more information about the mini-VSAT
Broadband 2.0 service, please visit the KVH website,
www.minivsat.com/one. For more information about Videotel, please
visit the website, www.videotel.com. For more information about KVH
Media Group, please visit the website, www.kvhmediagroup.com. For a
company overview of KVH, please view the movie “KVH – Innovation
that Enables a Mobile World” at https://youtu.be/m9Aq8sakzes.
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, Inc.,
is a leading provider of in-motion satellite TV and communications
systems, having designed, manufactured, and sold more than 200,000
mobile satellite antennas for applications on vessels, vehicles,
and aircraft. KVH is also a leading news, music, and entertainment
content provider to many industries including maritime, retail, and
leisure. Videotel, a KVH company, is a market-leading provider of
training films, computer-based training and e-Learning. 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 press release contains forward-looking
statements that involve risks and uncertainties. For example,
forward-looking statements include statements regarding our
financial goals for future periods, our anticipated revenue sales
pipeline, competitive positioning; profitability, product orders,
and the functionality, characteristics, quality, and performance of
KVH products and services; and customer demand, preferences,
requirements, and expectations. The actual results we achieve could
differ materially from the statements made in this press release.
Factors that might cause these differences include, but are not
limited to: potential reduced sales to companies in or dependent
upon the turbulent oil and gas industry; the impact of extended
economic weakness on the sale and use of motor vehicles and marine
vessels; the need to increase sales of the TracPhone V-IP series
products and related services to improve airtime gross margins; the
need for, or delays in, qualification of products to customer or
regulatory standards; unanticipated declines or changes in customer
demand, due to economic, seasonal, and other factors, particularly
with respect to the TracPhone V-IP series, including with respect
to new pricing models; recent increases in airtime termination
rates and lower unit sales in our mobile business; and increased
price and service competition in the mobile communications markets.
These and other factors are discussed in more detail in KVH’s
Annual Report on Form 10-K filed with the SEC on March 14, 2016.
KVH does not assume any obligation to update its forward-looking
statements to reflect new information and developments.
KVH, TracPhone, myKVH, KVH OneCare, Videotel,
IP-MobileCast, NEWSlink, MOVIElink, and TVlink are 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.
For further information, please contact:
Jill Connors, Media & Communications Manager
KVH Industries, Inc.
Tel: +1 401 851 3824
jconnors@kvh.com
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