MIDDLETOWN, R.I.,
Feb. 22 /PRNewswire-FirstCall/ -- KVH Industries, Inc.,
(Nasdaq: KVHI), a leading provider of in-motion satellite TV and communication
systems for mobile platforms, announced today that it is entering the
commercial aviation market following the award of a
$20.1 million contract
from a leading in-flight entertainment supplier. Under the terms of the multi-
year contract, KVH will design, develop, and manufacture new DIRECTV-
compatible satellite TV antennas to be used on narrowbody commercial aircraft
operating in the
United States.
"This new endeavor marks a significant and logical step in KVH's evolution
as a leading source for innovative mobile broadband technology on land, sea,
and now in the air," said Martin Kits van Heyningen, KVH's chief executive
officer. "As KVH has demonstrated in boats and vehicles around the globe over
the last 15 years, live satellite television content like sporting events and
breaking news is a compelling product for consumers."
KVH will be building upon its award-winning TracVision mobile satellite TV
technology, currently used on vessels, cars, recreational vehicles, and
trucks. With this technology as a foundation, KVH will develop a new, low-
profile antenna designed to mount on the fuselage of commercial aircraft.
"In the aviation market, passenger demand for premier in-flight
entertainment and the recognition by airlines that live programming offers
competitive and financial benefits is driving significant growth. We look
forward to working with our customer to meet that demand and foster the
expansion of this market in the future," concluded Mr. Kits van Heyningen.
About KVH Industries, Inc.
Middletown, RI-based KVH Industries, Inc. (www.kvh.com), is a leading
provider of in-motion satellite TV and communication systems, having designed,
manufactured, and sold more than 150,000 mobile satellite antennas for
applications on boats, RVs, trucks, buses, and automobiles. Winner of the
prestigious General Motors Innovative Design Award, 2 CES Innovation Awards,
23 National Marine Electronics Association "Best Product" awards, the DAME
Award in the Marine Electronics category, and a finalist for the Automotive
News PACE Award, KVH's mission is to connect mobile customers with the same
digital television entertainment, communications, and Internet services that
they enjoy in their home and offices.
This release may contain certain forward-looking statements that involve
risks and uncertainties. Forward-looking statements include, for example, the
functionality, characteristics, quality and performance of KVH's products and
technology; anticipated innovation and product development; and customer
preferences, requirements and expectations. The actual results could differ
materially. Factors that may cause such differences include, among others,
those discussed in KVH's most recent Form 10-Q filed with the SEC. KVH does
not assume any obligation to update its forward-looking statements to reflect
new information or developments.
KVH and TracVision are registered trademarks of KVH Industries, Inc. All
other trademarks are the property of their respective companies.