KVH Industries, Inc., (Nasdaq:KVHI) has announced that BW Group, a
worldwide leader in maritime energy transportation, has chosen
KVH’s connectivity services for 45 additional vessels in its fleet.
The two companies will also continue with a connectivity contract
for the LPG and LNG vessels in BW’s fleet that have had KVH’s VSAT
systems and services since 2013.
“We chose KVH because of their commitment to excellence, the
ease of working with a sole provider, and the cost advantages that
we can achieve with fast, reliable connectivity and global
coverage,” says Tor-Egil Gjulem, BW Group’s global head of
procurement. “Connectivity is the key to digitalization of many
maritime operational functions.”
BW has more than 80 years’ experience in maritime energy
transportation, and has a large fleet that includes product
tankers, LPG and LNG carriers, FSRUs, dry bulk carriers, chemical
tankers, offshore vessels, and crude carriers.
“We are thrilled to work with a maritime leader such as BW,
whose commitment to performance, operational efficiency, and crew
welfare is well known,” says Mark Guthrie, vice president, Asia
Pacific, for KVH. “The fact that they are choosing to add more
vessels, based on their experience with KVH for the past five
years, is a testament to the strong relationship that has developed
between our two companies.” For the 45 additional vessels, BW has
chosen the dual mode C/Ku-band TracPhone® V11-IP satellite antenna
system and the Ku-band TracPhone V7-HTS; the particular system for
each vessel is dependent on type of vessel. The TracPhone V11-IP
and the TracPhone V7-HTS are designed for KVH’s mini-VSAT
Broadbandsm connectivity service. The vessels will also receive
news and entertainment content via KVH’s IP-MobileCastTM content
delivery service.
“With our vessels transiting the oceans, it is extremely
important to have a connectivity provider like KVH, which has the
technical and service capability to address issues immediately, and
ensure that our fleet is always benefitting from uninterrupted
connectivity,” says Juzer Vasi, head of business solutions – fleet,
for BW.
KVH is a mobile tech innovator that provides connectivity
solutions for commercial maritime, leisure marine, and land mobile
applications on vessels and vehicles, including the award-winning
TracPhone and TracVision® product lines, the global mini-VSAT
Broadband network, and AgilePlans™ Connectivity as a Service
(CaaS). The company’s Videotel™ business is a market-leading
provider of training films, computer-based training, and eLearning
for the maritime industry, and its KVH Media Group provides news,
sports, and entertainment content with such brands as NEWSlinkTM
and SPORTSlinkTM.
Note to Editors: For more information about KVH’s maritime
connectivity solutions, please visit the KVH
website, kvh.com/connections. High-resolution images of
KVH products are available at the KVH Press Room Image
Library, kvh.com/Press-Room/Image-Library.
About KVH Industries, Inc.KVH Industries, Inc.,
(Nasdaq:KVHI), is a global leader in mobile connectivity and
inertial navigation systems, innovating to enable a mobile world.
The market leader in maritime VSAT, KVH designs, manufactures, and
provides connectivity and content services globally. KVH is also a
premier manufacturer of high-performance sensors and integrated
inertial systems for defense and commercial applications. Founded
in 1982, the company is based in Middletown, RI, with research,
development, and manufacturing operations in Middletown, RI, and
Tinley Park, IL, and more than a dozen offices around the
globe.
This press release contains forward-looking
statements that involve risks and uncertainties. For example,
forward-looking statements include statements regarding the
functionality, characteristics, quality, and performance of KVH’s
products and services; customer demand, preferences, requirements,
and expectations; and the services to be provided under agreement
with BW Group. 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,
unanticipated technical and other challenges that arise in
providing these services; potential levels of customer demand for
data services beyond our current expectations, which could exceed
system capabilities in certain regions; competition for satellite
capacity, which over time could increase our costs and decrease
service availability; and potential unforeseen costs or expenses of
providing the products and services. These and other factors are
discussed in more detail in KVH’s most recent Form 10-Q filed with
the SEC on May 4, 2018. Copies are available through its Investor
Relations department and website, http://investors.kvh.com. KVH
does not assume any obligation to update its forward-looking
statements to reflect new information and developments.
KVH Industries, Inc. has used, registered, or
applied to register its trademarks in the U.S.A. and other
countries around the world, including but not limited to the
following marks: KVH, TracPhone, mini-VSAT Broadband,
IP-MobileCast, TracVision, AgilePlans, Videotel, NEWSlink, and
SPORTSlink. All other trademarks are the property of their
respective companies.
For further information, please
contact:Jill ConnorsMedia Relations & Industry Analyst
ManagerKVH Industries, Inc.Tel: +1 401 851 3824jconnors@kvh.com
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