KVH Partners with TechBinder for KVH Watch Maritime IoT Solution
10 February 2021 - 7:15PM
KVH Industries, Inc., (Nasdaq: KVHI), announced today that IoT
platform provider TechBinder has joined the KVH Watch® Solution
Partner program and will offer the KVH Watch service as part of its
suite of digital tools and services. These tools include Smart
Vessel Optimizer, a platform that uses vessel data to optimize
fleet performance by benchmarking ship performance, predicting and
optimizing asset availability, performing emission reporting, and
managing multiple facets of operational efficiency.
“Smart Vessel Optimizer’s plug-and-play architecture for data
analytics can be easily integrated with KVH Watch connectivity and
we expect our customers will greatly benefit from our partnership
with KVH,” says Bram van den Boom, managing partner of TechBinder.
“Today, customers increasingly want a real-time visual of their
vessels’ key performance indicators, so they need satellite
communications as vessels are not within LTE reach all the
time.”“With solutions such as Smart Vessel Optimizer, TechBinder is
devoted to helping maritime companies optimize their operations and
we are pleased to be able to provide the connectivity that enables
real-time data flow and insights,” says Sven Brooks, senior
director of IoT business development for KVH. “KVH Watch will
enable TechBinder’s customers to engage in remote expert
interventions, allowing technical troubleshooting and maintenance
work to be carried out at deep sea.”Vessels and fleets benefit from
real-time insights when they are able to use deep sea sailing time
to troubleshoot problems, but these insights and interventions are
not possible without satellite connectivity. Unlocking already
available data sources on a vessel can translate to information
that helps maritime companies optimize their operations. By
leveraging advanced satellite technology, maritime IoT and service
companies can utilize real-time data feeds from vessels and help
operators make improvements on every vessel in the fleet.KVH Watch
is an IoT Connectivity as a Service solution that provides Flow,
secure 24/7/365 machine-to-cloud satellite connectivity for remote
monitoring of onboard equipment plus the ability to perform
on-demand Remote Expert Interventions using video, voice, or text
via KVH’s global HTS network. KVH Watch is designed for maritime
equipment manufacturers, multicard service providers, and shipyards
seeking affordable monthly subscription-based connectivity that
L-band and cellular services cannot deliver at deep sea.
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
Broadbandsm network, KVH Watch maritime IoT solutions, and
AgilePlans® Connectivity as a Service (CaaS). The company’s KVH
Media Group provides news, sports, and entertainment content with
such brands as NEWSlink™ and SPORTSlink™.
Note to Editors: For more information about the KVH Watch
Solution Partner program, please visit kvh.com/watch.
High-resolution images of KVH products are available at the KVH
Press Room Image Library,
kvh.com/Press-Room/Image-Library.About
TechBinderBy leveraging the power of new technologies for
human-machine interaction, TechBinder innovates together with
partners and creates solutions that optimize maritime operations.
TechBinder drives efficiency, safety, and profitability by
providing insights on both fleet and individual vessel key
performance indicators that focus on operational, technical,
financial, and ecological performance. With TechBinder’s Smart
Vessel Optimizer system, maritime customers receive the insights
needed to improve operations.
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
expected competitive advantages of KVH Watch, the anticipated
strategic relationship between TechBinder and KVH, the
functionality, characteristics, quality, and performance of KVH’s
and TechBinder’s products, services, and technology, as well as
customer demand, preferences, requirements, and expectations.
Actual results could differ materially from the forward-looking
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 during beta testing and
customer trials of the KVH Watch service; unanticipated technical,
legal, and regulatory delays with the launch of the new services;
delays in the receipt of anticipated orders for our KVH Watch
service, or the potential failure of such orders to occur at all;
potential future decisions by TechBinder to terminate or otherwise
not expand orders for the KVH Watch service; customer response to
KVH Watch; potential changes in market trends, competition and
other developments affecting the buying patterns of end-users of
maritime IoT solutions; and potential unforeseen costs or expenses
of providing the products and services included in KVH Watch
subscriptions. These and other factors are discussed in more detail
in KVH’s Form 10-Q filed with the SEC on October 29, 2020. Copies
are available through its Investor Relations department and
website, https://ir.kvh.com. KVH does not assume any obligation to
update 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, KVH Watch, TracPhone, TracVision, mini-VSAT
Broadband, AgilePlans, NEWSlink, and SPORTSlink. All other
trademarks are the property of their respective companies.
For further information, please
contact:Jill ConnorsSr. Manager, Media & Industry
Analyst RelationsKVH Industries, Inc.Tel: +1 401 851
3824jconnors@kvh.com
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