In its latest initiative to advance the quality, speed, and
affordability of broadband data connectivity at sea, KVH
Industries, Inc., (Nasdaq:KVHI) introduces a revolutionary new
onboard terminal for its industry-leading mini-VSAT Broadbandsm
service, the TracPhone® V7-IP. Representing a new generation of
enterprise-grade onboard satellite communications equipment, the
TracPhone V7-IP features a robust, 3-axis, gyro-stabilized antenna
and a completely integrated belowdecks unit that includes an
ArcLight® spread spectrum modem and KVH's breakthrough new
IP-enabled antenna control unit – the CommBox-ACU – which includes
a built-in CommBox™ Ship/Shore Network Manager, Voice over IP
(VoIP) adapter, Ethernet switch, and WiFi adapter. The new system
will be displayed next week at the Shipbuilding, Machinery, and
Marine Technology (SMM) international trade fair in Hamburg,
Germany, September 4-7.
For the mariner, KVH's new TracPhone V7-IP costs less, is
significantly easier to install, and will provide greater
reliability than competing solutions that combine discrete
components from a number of different manufacturers. The TracPhone
V7-IP's completely integrated design vastly reduces the complexity
inherent in competing maritime VSAT systems, which typically
require a local technician to configure a full rack of hardware
from a half-dozen different third-party manufacturers of modems,
antennas, controllers, switches, adapters, and servers. The new
system also makes the advanced features of KVH's best-of-breed
network management solution, the CommBox Ship/Shore Network
Manager, available to every TracPhone V7-IP customer, without
investing in additional hardware.
"The TracPhone V7-IP represents a significant leap forward in
delivering fast, affordable, reliable broadband connectivity to
maritime customers," explains Martin Kits van Heyningen, KVH's
chief executive officer. "A major upgrade to our pioneering
TracPhone V7 system, the TracPhone V7-IP offers a complete
end-to-end solution for managing both IT functions and
communications on board the vessel. It delivers data at up to 2
Mbps, and has two integrated voice lines that can be expanded to
support up to nine simultaneous calls. It's the same size and as
easy to install as a FleetBroadband FB500 system, but it delivers
data five times faster and at one tenth the cost of Inmarsat
FleetBroadband."
For the vessel owner's IT manager, the TracPhone V7-IP provides
extensive functionality to help manage onboard networks remotely.
The system itself is very easy for the crew to operate thanks to an
outstanding web browser-based user interface that even includes an
iPhone® app. The CommBox-ACU provides a full suite of onboard
services optimized for satellite communications, including crystal
clear VoIP calling, Internet café, crew calling, managed e-mail,
secure file delivery, and remote network access. The end-to-end
design of the TracPhone V7-IP enables the system software to be
updated over-the-air using either the mini-VSAT Broadband service
or cellular service thanks to a GPRS modem built into the system's
antenna. This remote access enables technicians working in KVH's
GlobalCare support center to remotely diagnose and troubleshoot any
issues through industry leading 24/7/365 support.
The mini-VSAT Broadband service for the TracPhone V7-IP is
delivered by an interlaced network of 14 modern Ku-band satellite
transponders providing seamless worldwide coverage north of the
equator and around all major continents, including most major
shipping routes south of the equator. For true global coverage,
KVH's mini-VSAT Broadband network now includes three global C-band
transponders that overlay its Ku-band service, both of which can be
received by the new dual-mode TracPhone V11 onboard terminal
introduced earlier this year. By leveraging abundant new commercial
satellite services covering the ocean regions, KVH is able to offer
significantly more affordable connectivity than legacy L-band
services like Inmarsat FleetBroadband. As demand for the service
grows, KVH can easily add new capacity to its network, exactly
where it is needed, to assure outstanding performance for customers
concentrated in specific regions.
For more information about the new TracPhone V7-IP and TracPhone
V11, please visit www.kvh.com/V7IP and www.kvh.com/V11. To
download KVH's comprehensive new document, "Connectivity at Sea: A
Guide to Advances in Maritime VSAT," visit
www.minivsat.com/vsatguide.
Note to Editors: High-resolution images of the TracPhone V7-IP,
including the new CommBox-ACU, and mini-VSAT Broadband coverage
maps are available at http://press.kvh.com for download and
editorial use.
About KVH Industries, Inc.
KVH Industries, Inc. is the leading provider of in-motion
satellite TV and communications systems, having designed,
manufactured, and sold more than 150,000 mobile satellite antennas
for applications on vessels, vehicles, and aircraft. In March 2012,
Euroconsult reported that KVH was the market share leader in global
maritime VSAT. KVH's mission is to connect mobile customers around
the globe with the same digital television entertainment,
communications, and Internet services that they enjoy in their
homes and offices. The company is based in Middletown, RI, with
facilities in Illinois, Denmark, Norway, and Singapore.
This press 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 might cause such
differences include, but are not limited to: failure to develop and
market new products; lack of reliable vendors, service providers,
and outside products; unforeseen changes in competing technologies
and products; worldwide economic variances; and poor or delayed
research and development results. Additional factors are discussed
in the company's most recent Form 10-Q filed with the SEC. Copies
are available through the company's Investor Relations department
and website, www.kvh.com. KVH does not assume any obligation to
update its forward-looking statements to reflect new information or
developments.
KVH and TracPhone are registered trademarks of KVH Industries,
Inc. "mini-VSAT Broadband" is a service mark of KVH Industries,
Inc. All other trademarks are the property of their respective
companies.
CONTACT: Nicole Mongillo
KVH Industries, Inc.
401-845-2443
nmongillo@kvh.com
KVH Industries (NASDAQ:KVHI)
Historical Stock Chart
From Jun 2024 to Jul 2024
KVH Industries (NASDAQ:KVHI)
Historical Stock Chart
From Jul 2023 to Jul 2024