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KVHI KVH Industries Inc

4.54
0.00 (0.00%)
Pre Market
Last Updated: 12:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
KVH Industries Inc NASDAQ:KVHI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.54 4.12 6.79 0 12:00:00

KVH Announces KVH Elite, Unlimited VSAT Streaming Service for Yachts

09/10/2019 12:00pm

GlobeNewswire Inc.


KVH Industries (NASDAQ:KVHI)
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KVH Industries, Inc., (Nasdaq: KVHI), announced today that it is introducing KVH Elite, a premium unlimited VSAT streaming service delivering HD-quality, dedicated bandwidth to yachts in selected geographic regions. The new KVH Elite streaming service is launching in November 2019 from Florida through the Caribbean, including the islands of the eastern Caribbean, with the Mediterranean expected to follow in 2020. This service, which is part of KVH’s fully global mini-VSAT BroadbandSM HTS network, is designed for maximum coverage, maximum data speeds, and a premier user experience for simultaneous streaming.

KVH Elite enables users onboard to use their favorite apps for streaming popular HD movie and TV content, music, and more, on an unlimited basis in that there are no overages or data limits. The streaming service uses KVH’s award-winning VSAT antenna systems—the 60 cm diameter TracPhone® V7-HTS and the 1 meter diameter TracPhone V11-HTS—and is designed for ease of use, with simple over-the-air activation that does not require any hardware changes to the antenna system or its belowdecks control unit. Yachts currently using the V7-HTS or V11-HTS are KVH Elite-ready for activation. “The yachting market, particularly at the highest level, is seeing an incredible demand for VSAT connectivity,” says Mark Woodhead, KVH executive vice president for mobile connectivity. “When you are on a yacht, you expect to be able to stream movies and other entertainment content just like you do at home. Our new KVH Elite unlimited streaming service is one more example of how KVH’s premium VSAT connectivity can enhance the yachting experience.” KVH Elite is available as a weekly or monthly airtime plan, and seamless access to the service will be managed by KVH Superyacht Group. The ease of access makes the service ideal for yachting adventures, sportfishing charters, special events held on yachts, and more, on an on-demand basis. Yachts enjoy their selected High-speed and Unlimited Use data plans and the benefits of KVH’s global HTS service when not in the KVH Elite streaming regions.

KVH Elite relies on KVH’s mini-VSAT Broadband HTS network, which utilizes Intelsat’s FlexMaritime service to deliver global multi-layered satellite coverage for maximum availability of broadband service. 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 KVH Media Group provides news, sports, and entertainment content with such brands as NEWSlink™ and SPORTSlink™.

Note to Editors: For more information about KVH Elite unlimited VSAT streaming, please visit the website, kvh.com/unlimitedstreaming. High-resolution images of KVH products are available at the KVH Press Room Image Library, kvh.com/Press-Room/Image-Library.aspx.

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 benefits to KVH customers of the unlimited VSAT streaming service; the expected data speeds over KVH’s mini-VSAT Broadband HTS network; the expected pricing of the new services; the expected level of coverage availability; and the ease of using the new service. 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 with the services; capacity availability to support simultaneous terminals and/or users; unanticipated technical, legal, and regulatory delays with the services; customer and strategic partner responses; potential future changes to the pricing or other terms; and potential unforeseen costs or expenses of providing the products and services. These and other factors are discussed in more detail in KVH’s Form 10-Q filed with the SEC on August 2, 2019. Copies are available through its Investor Relations department and website, http://investors.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, mini-VSAT Broadband, TracPhone, TracVision, AgilePlans, 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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