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KVHI KVH Industries Inc

4.55
0.01 (0.22%)
Last Updated: 20:24:12
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
  0.01 0.22% 4.55 4.52 4.55 4.66 4.42 4.58 44,741 20:24:12

KVH Receives $2.5 Million Multi-Year DSP-3000 Fiber Optic Gyro Order

21/12/2011 12:00pm

GlobeNewswire Inc.


KVH Industries (NASDAQ:KVHI)
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KVH Industries, Inc., (Nasdaq:KVHI) announced today that it has received new purchase orders exceeding $2.5 million for its precision DSP-3000 fiber optic gyros (FOGs) for use in stabilized remote weapon stations (RWS) from an international military customer. Shipment of these DSP-3000 FOGs will be completed over the next two years.

"Remote weapon stations play a critical role in improving crew safety and weapon accuracy in combat operations overseas. We are proud that KVH's fiber optic gyros remain the sensors of choice for the leading RWS manufacturers supporting U.S. and allied military forces," said Jay Napoli, KVH's vice president of FOG and OEM sales. "Our affordable DSP-3000 FOG offers the high reliability, superior accuracy, and exceptional vibration, shock, and acceleration survivability necessary to ensure optimal RWS performance. Thanks to these benefits, KVH's FOGs are ideal for a variety of guidance and stabilization needs in both the military and commercial markets."

Remote weapon stations allow gunners to operate, aim, and fire a vehicle-mounted weapon from inside the safety of their vehicles, instead of manning turret positions where they are exposed to hostile fire. KVH's DSP-3000 FOGs provide precise optical stabilization and weapon recoil control for RWS units while ensuring that the weapon stays on target whether the vehicle is stationary or on the move.

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. These include platform stabilization, antenna/radar/optics stabilization, IMU, GPS/INS, and AHRS integration.

Please visit www.fiberopticgyro.com for complete details about KVH's full line of fiber optic gyro solutions, or take a virtual tour of KVH's FOG factory.

Note to Editors: High-resolution, press-ready images of KVH's FOG products 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, and Singapore.

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 is a registered trademark of KVH Industries, Inc.

CONTACT: Nicole Mongillo
         KVH Industries, Inc.
         401-845-2443
         nmongillo@kvh.com

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