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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: robert b furman who wrote (1247)6/4/2002 8:10:18 AM
From: Roy F  Read Replies (1) of 6936
 
New Vice President Brings More than 20 Years of Product Development and Telecommunications Experience

June 04, 2002 07:31:00 AM ET

MIDDLETOWN, R.I., June 4 /PRNewswire-FirstCall/ -- KVH Industries KVHI announced today that it has hired Dr. Kalyan Ganesan as the company's new Vice President, Engineering.

"Kal Ganesan is a leader in the development of next-generation networking and communications solutions," said Martin Kits van Heyningen, KVH president and chief executive officer. "With a proven record of success at such firms as Hughes Network Systems, U.S. West, and GTE, he brings invaluable expertise in broadband technologies, wireless communications, voice and data networks, and telecom infrastructure. His contributions will be critical as we pursue both our mobile broadband and photonic fiber initiatives."

Dr. Ganesan comes to KVH from CoWave Networks, a Silicon Valley-based company that, under his direction, developed a new broadband wireless technology using repeater-based mesh topology. Previously, he spent 10 years in engineering and technical management at Hughes Network Systems where he oversaw engineering and product research and development within the Broadband Carrier Networks Division. He also served for 5 years as U.S. West's Technical Director for Advanced Technologies, overseeing the research and development that led to the deployment of advanced voice, fax, and video services using the U.S. telecommunications infrastructure.

Dr. Ganesan remarked, "I'm very excited about joining KVH and contributing to the successful launch of mobile broadband and advanced optical products. I am extremely impressed by the KVH team and am looking forward to making a positive impact on the growth and success of KVH."

Dr. Ganesan holds Bachelors, Masters, and Ph.D. degrees in electrical engineering and computer sciences. His Ph.D. in Computer Science and Engineering was granted by Case Western Reserve University.

KVH's photonic fiber initiative is focused on the development of ActiveFiber(TM) technology, which will allow the company to build high-speed optical networking components directly within a strand of optical fiber. At the same time, work continues on the company's mobile broadband program to create an ultra low-profile antenna to offer satellite TV and in-motion high- speed Internet for the automotive market.

KVH Industries, Inc., designs and manufactures products that enable mobile communication, defense navigation, and direction sensing through the use of its proprietary mobile satellite antenna and fiber optic technologies. The company is developing next-generation systems with greater precision, durability, and versatility for communications, navigation, and industrial applications. An ISO 9001-registered company, KVH has headquarters in Middletown, Rhode Island, with a fiber optic manufacturing facility in Illinois, and a European sales, marketing, and support office in Hoersholm, Denmark.

Except for historical facts, the statements in this press release are forward-looking statements that involve risks and uncertainties. For example, product development goals are forward-looking statements. Forward-looking statements are merely our current predictions of future events. The statements are inherently uncertain, and actual results realized by the company could differ materially from the statements made herein. Important factors that might cause such differences include: failure to develop and market fiber optic products; lack of reliable vendors, service providers, and outside products; unforeseen changes in competing technologies and products; and poor or delayed research and development results. Additional factors that could affect future events are discussed in the company's 2001 Form 10-K filed with the Securities and Exchange Commission on March 20, 2002. Copies are available through the company's Investor Relations department and web site, www.kvh.com. We assume no obligation to update our forward-looking statements to reflect new information and developments.

KVH Industries Contact:
Chris Watson, Communications Coordinator
401-847-3327
Investor Relations Contact:
Phil Davidson or Jolinda Taylor
Morgen-Walke Associates
617-747-3600
Financial Media Contact:
Ron Heckmann
Morgen-Walke Associates
415-296-7383
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