KVH Industries (NASDAQ:KVHI)
Historical Stock Chart
From Jul 2019 to Jul 2024
KVH Industries, Inc., (Nasdaq: KVHI) announced today that it has
received a $1.1 million order for its DSP-3000 fiber optic gyros (FOGs)
from a U.S. military customer. KVH’s compact,
highly accurate FOGs will be used for real-time image synchronization
and stabilization in military training simulator systems. Shipments for
this order are expected to be completed in the near-term.
“Our DSP-3000 FOGs, with their precise and
instant measurement of platform motion, are an excellent and affordable
solution for visual synchronization in simulators and training systems,”
explained Jay Napoli, KVH’s director of fiber
optic sales. “KVH FOGs allow the simulator’s
virtual image to correspond exactly to a soldier’s
motion by measuring even the slightest movement and relaying this data
to the simulator’s computer, thereby helping
to create a highly realistic experience for trainees. In addition, the
DSP-3000’s versatility and
commercial-off-the-shelf design allow us to meet both our customers’
urgent and longer-term needs with equal ease.”
With their all-fiber design and patented Digital Signal Processing (DSP)
technology, KVH’s DSP-3000 FOGs offer high
reliability, superior accuracy and performance, and exceptional
vibration, shock, and acceleration survivability at an affordable cost.
KVH’s fiber optic guidance and sensor systems
are used in an array of commercial and defense-related stabilization,
navigation, autonomous vehicle, and precision guidance applications. For
example, two KVH DSP-3000 FOGs are installed in each of the U.S. Army’s
new Common Remotely Operated Weapon Stations (CROWS) systems, providing
precise stabilization and weapon recoil control, as well as ensuring
that the weapon maintains its aim on the target. In addition, KVH’s
TG-6000 FOG-based inertial measurement unit serves as a key component in
the guidance system of the U.S. Navy’s MK54
lightweight torpedo.
Due to contractual restrictions, additional details regarding the
customer and the intended application cannot be disclosed at this time.
Visit http://www.fiberopticgyro.com
for complete details regarding KVH’s fiber
optic gyro systems.
Note to editors: High-resolution images of KVH’s
fiber optic gyro products are available at http://press.kvh.com
for download and editorial use.
About KVH Industries, Inc.
KVH Industries, Inc., is a premier manufacturer of systems to provide
access to live mobile media ranging from satellite TV to telephone and
high-speed Internet for vehicles and vessels as well as a leading source
of navigation, pointing, and guidance solutions for maritime, defense,
and commercial applications. The company’s
products are based on its proprietary mobile satellite antenna and fiber
optic technologies. An ISO 9001-certified company, KVH is based in
Middletown, Rhode Island.
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; and customer
preferences, requirements and expectations. The actual results could
differ materially. Factors that may cause such differences include,
among others, uneven military sales cycles, changes in military fielding
and equipment requirements, and changes in international situations, as
well as 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 is a registered trademark of KVH Industries, Inc. All other
trademarks are the property of their respective companies.