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Technology Stocks : KVH Industries, Inc.
KVHI 11.50-2.1%Oct 23 5:20 PM EDTNews

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To: Roy F who wrote (293)10/25/1999 3:04:00 PM
From: Roy F  Read Replies (1) of 6936
 
Response from Alice Andrews at KVH IR:

In answer to your question about the electrical power industry, yes, we see
some
real opportunity here. This is a major new (and unexpected) sensor market
that
has opened up after two years working with a customer to develop a fiber
optic
current sensor. During the past year, we have been testing this technology
at
key installations in Europe with a KVH unit the size of a drink coaster
replacing a 100 kilovolt current transformer the size of a truck. This is a
breakthrough technology that not only saves the power industry money but
also
improves performance as our fiber optic sensor is able to respond instantly
to
changes in current resulting from spikes or lightning strikes. In addition
to
savings for initial equipment purchase and eliminating repair costs due to
damge
caused by overloads, there are inherent safety benefits since the fiber
optic
cable does not conduct electricity, even at super high voltages.

The annual market for high voltage current sensors is estimated at
approximately
$1 billion per year, and with recent U.S. deregulation an increase in demand
for
high voltage power metering is expected. KVH is pursuing a key partnership
with
a major industry player and hopes to have a working relationship established
in
the near future.
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