KVH Industries (NASDAQ:KVHI)
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From Aug 2019 to Aug 2024
Eletek Technology of China & Hong Kong and Can Traders of Singapore to
Serve as Distributors for KVH Maritime Satellite Communication
Products
KVH Industries, Inc., (Nasdaq: KVHI) announced today that it is
expanding its consumer product sales network into the Asian market
following the selection of Eletek Technology of China and Hong Kong
and Can Traders of Singapore as regional distributors. This expansion
builds on the success of KVH's existing marine satellite TV and
communication sales and regional distribution networks in North
America, Europe, the Middle East, Australia, and New Zealand.
"Given the significant maritime business opportunities within the
Asian market, this is a logical and exciting expansion of the
distribution network for our award-winning marine satellite products,"
explained Martin Kits van Heyningen, KVH's president and chief
executive officer. "While we are still in the early stages of this
initiative and the distribution and dealer network will be more fully
established over the next several quarters, we are very excited by the
prospects for growth in Asia among both recreational and commercial
mariners."
Eletek Technology Limited (www.eletek.com/en), a leading marine
electronic service provider, will serve as KVH's general distributor
for China and Hong Kong. Eletek supports sales and service for the
breadth of the shipping industry, ranging from recreational and
fishing boats to commercial vessels. At the same time, KVH has
selected Can Traders & Services (www.cantrade.com.sg) to oversee sales
and distribution opportunities in Singapore. The Asian distribution
network will be managed by KVH's wholly owned subsidiary, KVH Europe
A/S.
"Our TracVision(R) satellite TV systems are capable of supporting
Asian regional satellite TV services while our TracPhone(R) systems
connect to voice, fax, and high-speed Internet services worldwide via
the Inmarsat service," explained Mads Bjerre-Petersen, managing
director of KVH Europe A/S. "As a result, I believe our robust and
versatile products will be highly competitive in the Asian market
compared to lower-cost but less capable mobile satellite products
currently being distributed by Asian manufacturers."
For additional details regarding KVH's award-winning TracVision
and TracPhone products, visit http://www.kvh.com.
Note to Editors: High-resolution, press-ready images of KVH's
entire marine satellite TV and communication product families are
available for download and editorial use at http://press.kvh.com.
About KVH Industries, Inc.
Middletown, RI-based KVH Industries, Inc., is a leading provider
of in-motion satellite TV and communication systems, having designed,
manufactured, and sold more than 100,000 mobile satellite antennas for
applications on boats, RVs, trucks, buses, and automobiles. Winner of
the prestigious General Motors Innovative Design Award, CES Innovation
Award, 21 National Marine Electronics Association "Best Product"
awards, 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 anticipated demand of mobile satellite TV and
communication technology along with the potential expansion of KVH
consumer product sales in the Asian market. The actual results could
differ materially. Factors that may cause such differences include
KVH's ability to compete effectively in Asia with regard to pricing,
service, and support, the effectiveness of KVH's selected Asian
distributors in establishing dealer networks and successfully
promoting KVH products, as well as those discussed 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, TracVision, and TracPhone are registered trademarks of KVH
Industries, Inc. All other trademarks are the property of their
respective companies.