KVH Receives 5-year Sole-source Contract from U.S. Military
February 01 2007 - 6:30AM
Business Wire
KVH Industries, Inc., (Nasdaq: KVHI) announced today that it has
received a sole-source contract from the U.S. Army Tank and
Automotive Command (TACOM) for the purchase of KVH�s TACNAV�
vehicle navigation systems for use on U.S. Army combat vehicles.
The contract is potentially worth $11.5 million over five years.
�This new sole-source contract is a reaffirmation of the value
TACNAV offers U.S. and allied warfighters through its ability to
consistently support applications in a wide range of demanding
military environments, including vehicle navigation, integration
with digital battlefield management systems, and precision
stabilization and pointing,� said Dan Conway, vice president of
business development for KVH Industries. �We look forward to
continuing our long-standing relationship with TACOM as well as the
ongoing opportunity to ensure that U.S. servicemen and women have
the critical navigation and guidance capabilities necessary to
enable them to carry out their missions quickly and effectively,
and then come home safely.� KVH�s TACNAV military vehicle
navigation systems provide unjammable, precision navigation,
heading, and pointing data for vehicle drivers, crews, and
commanders. TACNAV can also serve as a link between each vehicle
and the overall digital battlefield, making each unit a node in a
secure military network that consolidates a wide range of tactical
data to provide detailed information to individual units and
military commanders. TACNAV systems are currently in use on U.S.
and allied vehicles participating in ongoing operations in Iraq and
elsewhere. Military forces fielding TACNAV include the U.S. Army,
Marine Corps, and Navy as well as to many allied customers, among
them Canada, Sweden, Great Britain, Germany, Spain, Australia, New
Zealand, Saudi Arabia, Taiwan, Malaysia, Switzerland, and Italy.
Due to contractual restrictions, additional details regarding the
customer and vehicle platforms cannot be disclosed at this time.
Complete details regarding KVH�s defense navigation and guidance
products are available at http://www.tacnav.com. Note to editors:
High-resolution images of KVH�s defense navigation 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 and TACNAV are registered
trademarks of KVH Industries, Inc. All other trademarks are the
property of their respective companies.
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