KVH Provides Global VSAT Connectivity to A.M. Nomikos Vessels and Crew
September 23 2021 - 2:00AM
KVH Industries, Inc., (Nasdaq: KVHI), announced today that leading
Greek shipmanager A.M. Nomikos has chosen KVH AgilePlans® to
provide VSAT connectivity for crew welfare and vessel operations.
The expert technical team at Nova Electronics, KVH’s service
partner in Greece, has installed TracPhone® V7-HTS antennas on
three Nomikos vessels to date and is expected to continue the
rollout of KVH’s AgilePlans service on additional vessels within
the fleet in the coming months.
“Crew welfare is very important to our company, and we expect
the fast data speeds of the KVH systems and the reliable HTS
network will be a great benefit to our seafarers and our shipping
operations,” says Yiannis Sofianidis, IT Director for A.M. Nomikos.
“The installation of the equipment was smooth and easy.”“KVH
AgilePlans is a terrific choice for Nomikos because it includes
everything the vessel operator needs in one monthly fee, meaning
the vessels get the most advanced satcom system and network without
having a CAPEX outlay,” says Altana Foukala, sales manager for the
communications division of Nova Electronics. “KVH understands the
commercial maritime industry and its challenges and that’s why the
KVH AgilePlans program is so successful.” The Nomikos vessels have
chosen KVH’s TracPhone V7-HTS, a 60 cm Ku-band satellite
communications antenna designed to deliver data speeds as fast as
10 Mbps down/3 Mbps up. The V7-HTS is available with a dual-channel
configuration enabling simultaneous high-speed and unlimited-use
data channels; this feature provides flexibility for crew and
operations on the vessel ensuring all bandwidth needs are met. The
Nomikos vessels will also use Iridium Certus® as a backup companion
solution with the KVH system.KVH AgilePlans is a Connectivity as a
Service (CaaS) subscription-based model offering a comprehensive
solution for maritime satellite communications. Without a costly
capital outlay, the AgilePlans service eliminates barriers to
upgrading to VSAT or switching from a competitor. It includes
high-speed connectivity with unlimited email and texting via KVH’s
mini-VSAT BroadbandSM HTS network, TracPhone HTS-series
hardware, installation in as many as 4,000 ports and locations,
cybersecurity protection, NEWSlink™ print and TV news content,
KVH OneCare™ maintenance, and no long-term commitment, all for
one monthly fee.KVH’s HTS network utilizes Intelsat’s award-winning
FlexMaritime service to deliver global multi-layered coverage,
enabling vessels to see multiple HTS and wide beam satellites for
maximum availability of broadband service.Note to Editors: For more
information, please visit the KVH AgilePlans
website, kvh.com/agileplans. High-resolution images of KVH
products are available at the KVH Press Room Image
Library, kvh.com/Press-Room/Image-Library.
About A.M. NomikosA.M. Nomikos TWMA SA is a
leading ship management company based in Athens, Greece, and with
offices in London. A.M. Nomikos operates on a global scale and
currently manages a fleet of 56 vessels. Founded in 1958, the
company has continuously evolved and grown over the past six
decades and provides full technical, commercial, and administrative
management services.
About KVH Industries, Inc.KVH Industries, Inc.,
is a global leader in mobile connectivity and inertial navigation
systems, with innovative technology designed to enable a mobile
world. A market leader in maritime VSAT, KVH designs, manufactures,
and provides connectivity and content services globally. KVH is
also a premier manufacturer of high-performance sensors and
integrated inertial systems for defense and commercial
applications. Founded in 1982, the company is based in Middletown,
RI, with research, development, and manufacturing operations in
Middletown, RI, and Tinley Park, IL, and more than a dozen offices
around the globe.
This press release contains forward-looking
statements that involve risks and uncertainties. For example,
forward-looking statements include statements regarding the success
of our strategic initiatives; our anticipated revenue and the
impact of our future initiatives on revenue; competitive
positioning and profitability; expected data speeds over our
network and the expected level of coverage availability; and the
services to be provided under agreement with Nomikos. The actual
results we achieve could differ materially from the statements made
in this press release. Factors that might cause these differences
include, but are not limited to, the uncertain duration of the
adverse impact on our overall revenues of our AgilePlans, under
which we recognize no revenues for product sales, either at the
time of shipment or over the contract term; delays in the receipt
of anticipated AgilePlans service orders; the potential failure of
such AgilePlans orders to occur at all and the customer’s ability
to cancel AgilePlans at any time; increased costs arising from the
HTS network; potential levels of customer demand for data services
beyond our current expectations, which could exceed system
capabilities in certain regions; and potential unforeseen costs or
expenses of providing the products and services included in
AgilePlans. These and other factors are discussed in more detail in
KVH’s Form 10-Q filed with the SEC on July 30, 2021. Copies are
available through its Investor Relations department and website,
investors.kvh.com. KVH does not assume any obligation to update its
forward-looking statements to reflect new information and
developments.
KVH Industries, Inc., has used, registered, or
applied to register its trademarks in the U.S.A. and other
countries around the world, including but not limited to the
following marks: KVH, AgilePlans, TracPhone, mini-VSAT Broadband,
NEWSlink, KVH OneCare, TracVision, and SPORTSlink. All other
trademarks are the property of their respective companies.
For further information, please
contact:Jill ConnorsSr. Manager, Media & Industry
Analyst RelationsKVH Industries, Inc.Tel: +1 401 851
3824jconnors@kvh.com
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