By MIDDLETOWN, R.I., Jan. 15, 2013 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq:KVHI) announced today that it has received two new orders for its TACNAV® tactical navigation systems for use by an international military customer in an armored vehicle application. Together, the orders are valued at more than $7.2 million. Shipments for these orders are expected to begin late in 2013 and continue through 2015.
"KVH's TACNAV tactical navigation solution is an important tool for U.S. and allied warfighters, providing precision navigation as well as coordination of vehicles in critical situations," explains Dan Conway, executive vice president of KVH's Guidance and Stabilization group. "The system serves as a crucial resource for navigation and battle management, and even as a backup in GPS-denied environments, keeping soldiers safe and out of harm's way wherever they travel. These new orders reaffirm the value of KVH's TACNAV products for international militaries, and add to our backlog for the coming years."
KVH's TACNAV military vehicle navigation systems provide unjammable, precision navigation, heading, and pointing data for vehicle drivers, crews, and commanders. TACNAV can also serve as a source of heading and position for situational awareness. The TACNAV systems ordered today are KVH's TACNAV II fiber optic gyro navigation systems, which feature a compact design, continuous heading and pointing data output, and a flexible architecture and provide extremely accurate dead reckoning navigation regardless of GPS availability.
TACNAV systems are currently in use by the U.S. Army and Marine Corps, as well as many allied customers including Canada, Sweden, Great Britain, Germany, Spain, Australia, New Zealand, Saudi Arabia, Taiwan, Malaysia, Switzerland, and Italy.
Please visit www.tacnav.com for complete details on KVH's TACNAV tactical navigation systems.
Note to Editors: High-resolution, press-ready images of KVH's TACNAV systems are available at http://press.kvh.com for download and editorial use.
About KVH Industries, Inc.
KVH Industries is a leading manufacturer of solutions that provide global high-speed Internet, television and voice services via satellite to mobile users at sea, on land, and in the air. KVH is also a premier manufacturer of high performance sensors and integrated inertial systems for defense and commercial guidance and stabilization applications. The company is based in Middletown, RI, with facilities in Illinois, Denmark, Norway, Singapore, and Japan.
This release may contain certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, for example, KVH's financial goals for 2013 through 2015; the functionality, characteristics, quality, and performance of KVH's products and technology; and the potential value of military contracts. The actual results could differ materially. Factors that may cause such differences include, among others, lack of reliable vendors, delays in customers' qualification processes for our products or other delays in shipping, uneven military sales cycles, changes in military fielding and equipment requirements, the ability of the government and its contractors to cancel orders at their convenience, and changes in international situations. These and other risk factors are discussed in more detail in KVH's most recent Form 10-Q filed with the SEC. KVH assumes no obligation to update its forward-looking statements to reflect new information or developments.
KVH and TACNAV are registered trademarks of KVH Industries, Inc.
CONTACT: Nicole Mongillo
KVH Industries, Inc.
401-845-2443
nmongillo@kvh.com
KVH Industries, Inc.|
distributed by
|
