KVH Receives $10.2 Million in New Orders for Fiber Optic Gyros for Remote Weapon Stations
October 30 2009 - 6:30AM
PR Newswire (US)
New shipments of KVH's precision DSP-3100 FOGs for stabilization of
vehicle-mounted remote weapons expected to be completed by end of
first quarter 2010 MIDDLETOWN, R.I., Oct. 30 /PRNewswire-FirstCall/
-- KVH Industries, Inc., (NASDAQ:KVHI) announced today that it has
received new orders totaling $10.2 million for its precision fiber
optic gyros (FOGs) for use in remote stabilized weapon stations
(RWS) from two major defense contractors. Shipment of these orders
is expected to be completed before the end of the first quarter of
2010. "We are very proud of our continued participation in remote
weapon station programs around the globe, as they increase
warfighter safety, efficiency, and effectiveness," commented Jay
Napoli, KVH's vice president of FOG and OEM sales. "As a fully
integrated manufacturer of precision, affordable fiber optic gyros,
we are uniquely equipped to meet the stringent performance demands
as well as the accelerating production requirements to support the
expanding RWS industry." Remote weapon stations allow gunners to
operate, aim, and fire the weapon from inside the safety of their
vehicles, taking the gunners out of turret positions where they are
exposed to hostile fire. KVH's DSP-3100 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. KVH's fiber optic gyro resource page -
http://www.fiberopticgyro.com/ - offers additional details
regarding KVH's fiber optic gyro solutions. Note to Editors:
High-resolution photos of KVH's fiber optic gyros 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 Tinley Park, IL, and Kokkedal,
Denmark. 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, delays in
customers' qualification processes for our products or other delays
in shipping, 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.
DATASOURCE: KVH Industries, Inc. CONTACT: Chris Watson of KVH
Industries, +1-401-845-8138, Web Site:
http://www.fiberopticgyro.com/
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