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KVHI KVH Industries Inc

4.55
0.01 (0.22%)
Last Updated: 20:18:18
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 41,606 20:18:18

KVH Receives $7.6 Million Fiber Optic Gyro Order

20/12/2011 12:00pm

GlobeNewswire Inc.


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KVH Industries, Inc., (Nasdaq:KVHI) announced today that it has received a $7.6 million order for its single-axis fiber optic gyros (FOGs) from an international defense contractor to support weapon and optical stabilization in remote weapon stations for the U.S. military. Delivery of this order will begin immediately and continue into 2013.

"KVH's compact, rugged, and affordable fiber optic gyros are extremely versatile," says Jay Napoli, KVH's vice president of FOG/OEM sales. "End users and system integrators choose KVH FOGs for their range of output options, patented Digital Signal Processing (DSP) electronics design, and outstanding performance with regard to bias stability, scale factor linearity, turn-on to turn-on repeatability, and high bandwidth. These exceptionally low noise FOGs are ideal for demanding applications, including those that require precise measurement of rate and turning angle as well as the ability to withstand the shock of repeated, high-speed gunfire."

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. Please visit www.fiberopticgyro.com for complete details about KVH's fiber optic gyro solutions.

Note to Editors: High-resolution, press-ready 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 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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