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Technology Stocks : KVH Industries, Inc.
KVHI 11.75-0.8%Oct 20 8:10 PM EDTNews

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To: david james who started this subject10/22/2001 8:53:24 AM
From: Roy F  Read Replies (2) of 6936
 
KVH Named Exclusive U.S. Reseller of Bell ExpressVu Mobile High-speed Internet

American Consumers at Sea and on the Road will be Able to Receive High-speed, Full-featured Internet Using KVH TracVision® Antennas

MIDDLETOWN, R.I.--(BUSINESS WIRE)--Oct. 22, 2001-- KVH Industries (Nasdaq: KVHI - news) announced today that Bell ExpressVu of Canada has KVH named the exclusive value-added reseller for mobile high-speed Internet service to U.S. customers. The new mobile DirecPC® service will be broadcast using Bell ExpressVu's high-powered Digital Video Broadcast (DVB) satellite. The DirecPC signal will be accessible using any of KVH's 18- and 24-inch DVB-compatible TracVision® satellite antennas mounted on boats and vehicles anywhere within the continental United States and as far as 100 miles off the coast. As the exclusive mobile reseller, KVH is the only company licensed to promote the high-powered DirecPC service, accept subscriptions, and activate accounts for mobile customers in the United States.

``We are tremendously excited to be working so closely with Bell ExpressVu,'' declared Martin Kits van Heyningen, KVH president and chief executive officer. ``Our award-winning in-motion satellite antenna technology is an excellent fit with Bell ExpressVu's high-powered satellite infrastructure. Together, we will make high-speed satellite Internet a reality for mobile American consumers.''

The DirecPC service is being offered by Bell ExpressVu, a Canadian satellite service provider, through arrangement with Hughes Network Systems. Launched in September 1997, Bell ExpressVu is Canada's fastest growing Direct-to-Home television company, providing the highest quality and most comprehensive satellite services across the country. With more than 800,000 subscribers, Bell ExpressVu is the fifth largest broadcast distributor in Canada. The company is wholly owned by BCE Inc., Canada's largest telecommunications company. Through its subsidiaries and affiliated companies, including wholly owned Bell Canada, BCE provides telecommunications services to 70 percent of Canada's population.

KVH Industries, Inc., is an international leader in developing and manufacturing innovative, mobile, high-bandwidth satellite communications systems, tactical navigation products, and fiber optic products. The company is based in Middletown, Rhode Island, and has a fiber optic research and manufacturing facility in Tinley Park, Illinois, and a European sales office in Hoersholm, Denmark.


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Contact:

KVH Industries Contact:
Jim Dodez, 401-847-3327
OR
Investor Relations Contact:
Morgen-Walke Associates
Kristian Svindland or Jolinda Taylor, 617-747-3600
OR
Financial Media Contact:
Morgen-Walke Associates
Ron Heckmann, 415-296-7383
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