Transpetro Selects KVH VSAT for Brazilian Tanker Connectivity
25 July 2018 - 4:00PM
KVH Industries, Inc., (Nasdaq:KVHI), is pleased to announce that
Transpetro has chosen KVH VSAT connectivity after conducting a
competitive process for selecting new connectivity services for the
majority of its tankers. Brazilian-based Transpetro provides
transportation for the state-owned Petrobras oil and gas company.
Transpetro chose KVH’s TracPhone® V7-HTS satellite communications
antenna system with a five-year airtime contract for 45 tankers, a
combination of newbuilds and existing tankers. The installations
will take place throughout the next 12 months in Brazil, where
KVH’s subsidiary, KVH Brazil, has been in operation since 2011.
“We selected KVH for the global coverage and the data speed,
which will enable us to improve operational efficiency and provide
crew welfare,” says Jose Ricardo Esses, CIO of Transpetro. “Another
deciding factor in choosing KVH VSAT was the ease of use in having
one provider for the complete connectivity solution.”
KVH’s TracPhone V7-HTS is a 60 cm Ku-band satellite
communications antenna designed for the mini-VSAT Broadbandsm
network, which utilizes high-throughput satellite (HTS) technology.
KVH’s mini-VSAT Broadband network provides global maritime coverage
and the TracPhone V7-HTS delivers data speeds up to 10 Mbps
download, and 3 Mbps upload. Each TracPhone V7-HTS includes a
belowdecks Integrated CommBoxTM Modem (ICM), with built-in
capability for onboard network management solutions.
“We are very pleased to be providing a complete connectivity
solution for this important fleet in the Brazilian oil and gas
industry,” says Ryan Smith, KVH’s director of global channel
management. “With its superior data speed and global Ku-band
coverage, KVH’s TracPhone V7-HTS is ideal for the tankers.
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 NEWSlink™ and
SPORTSlink™.
Note to Editors: For more information about KVH’s complete
maritime connectivity solution, please visit the KVH
Connections 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.,
is a global leader in mobile connectivity and inertial navigation
systems, innovating to enable a mobile world. A 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 success
of our new initiatives, the functionality, characteristics,
quality, and performance of our HTS products and services to be
provided under agreement with Transpetro, and the impact of our
future initiatives on revenue, competitive positioning,
profitability, and product orders. 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 the products and services to Transpetro in
Brazil; potential levels of customer demand for data services
beyond our current expectations, which could exceed system
capabilities in certain regions; the need for, or delays in,
qualification of products to customer or regulatory standards;
potential declines or changes in customer demand, due to economic,
weather-related, seasonal, and other factors; delays in the receipt
of anticipated orders from Transpetro; the potential sale or
scrapping by Transpetro of vessels subscribing to our services,
which could reduce the level of services provided to Transpetro;
special terms of agreement and potential future amendments to such
terms with Transpetro. These and other factors are discussed in
more detail in KVH’s most recent Form 10-K filed with the SEC on
March 2, 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, CommBox,
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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