KVH Industries, Inc., (Nasdaq: KVHI), announced today that remote
vessel and voyage management platform Smart Ship© Hub is now a KVH
Watch® Solution Partner and will offer KVH Watch services as part
of its wide range of remote technical and operational management
solutions. The Smart Ship Hub platform provides performance
advisory and predictive diagnostics for vessel performance
optimization as well as remote video-based maintenance and surveys
and a wide range of related services that rely on real-time data
feeds.
“The pillars of Smart Ship Hub’s services include remote
tracking, monitoring, and providing actionable insights to our
customers so their vessels operate as safely and efficiently as
possible,” says Joy Basu, CEO of Smart Ship Hub. “We look forward
to using KVH Watch connectivity to enable video, image, and
real-time machine data that provides situational awareness and the
most accurate assessment of vessel condition at any moment.”
“It is exciting to see the possibilities for operational and
cost benefits that a platform such as Smart Ship Hub can produce
for maritime businesses,” says Sven Brooks, senior director of IoT
business development for KVH. “KVH Watch will enable Smart Ship Hub
to have access to the real-time data that will make their digital
platform all the smarter and will allow them to conduct
troubleshooting sessions to solve critical issues at sea. More
importantly, it will allow Smart Ship Hub to deploy more digital
services and features than ever before as KVH Watch removes the
technical constraints and limitations imposed by the traditional
satellite connection onboard.”
Getting information from a vessel to shore is essential for
bringing the maritime ecosystem into the digital age. Real-time
data from the vessel’s equipment is the starting point for
performance optimization. However, the ship’s bandwidth is
constantly contested by other users, so there are data limits that
prevent an IoT service company from scaling its digital business
properly. Furthermore, this limited bandwidth poses a bottleneck
for any required video troubleshooting. There needs to be
high-speed Internet connectivity to enable video troubleshooting
while the vessel is at sea, which saves time and money in port.
Network management and cybersecurity issues must also be addressed
as shipowners often restrict access for external parties.
Therefore, a dedicated IoT connectivity solution is critically
important for reducing cyber risks by keeping OT (operational
technology) data flow separate from the vessel’s IT (information
technology) data flow. Satellite connectivity designed for IoT is
the key to being able to provide these services while the vessel is
at sea and out of range of cellular signals.
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 Smart Ship HubSmart Ship Hub is a digital
platform for remote vessel management focused on safety,
reliability, cost savings, and operational efficiencies in fleet
management. Aimed at vessel owners, operators, charter parties,
insurers, and ship suppliers, Smart Ship Hub’s on-demand cloud
features are available for bulkers, tankers, containers, tugs,
barges, cruise liners, and will soon go live on fishing vessels.
The Smart Ship Hub digital platform is uniquely positioned as an
information layer enabling each entity in the maritime ecosystem to
fetch data specific to their operational requirements providing a
single source of truth for the entire maritime value chain. Live
data from machinery, cargo, and weather, along with human-fed data
enables predictive diagnostics and performance advisory through
multiple dashboards, accessible over mobile, tablet, and desktop.
Smart Ship Hub’s digital data center will allow maritime companies
of all sizes to remotely track, monitor, and manage complete vessel
management processes remotely.
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 Smart Ship Hub and KVH, the
functionality, characteristics, quality, and performance of KVH’s
and Smart Ship Hub’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 Smart Ship Hub 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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