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Technology Stocks : KVH Industries, Inc.
KVHI 11.85-4.0%5:20 PM EDTNews

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To: Roadkill who wrote (205)7/15/1998 10:14:00 AM
From: Roy F  Read Replies (1) of 6936
 
KVH Launch of TracVision 45 for EuropeExpands Reach of Mobile TV Product Line
July 15, 1998 10:06 AM


MIDDLETOWN, R.I.--(BUSINESS WIRE)--July 15, 1998--In its latest advance in mobile satellite television systems, KVH Industries, Inc. KVHI has begun shipping TracVision(R) 45 to mariners in European waters to enable broad television reception at sea. KVH developed TracVision 45 in response to demands from its European markets for a system that offers the same television reception capabilities as the company's popular TracVision II for North America.

With TracVision 45, the reception range for broadcasts from the ASTRA and HotBird satellites that service broad areas of Europe is up to 100 miles offshore in most European coastal and inland waterway regions. These areas, particularly Germany, The Netherlands, Belgium and France, are thickly honeycombed with waterways and heavily used by leisure and commercial vessels. The other countries covered by ASTRA and HotBird are the United Kingdom, Denmark, northern Italy, northern Spain, Switzerland and Luxembourg.

"Our growing revenue stream from TracVision II sales clearly indicates that this system is popular with mariners, and we are pleased to be able to meet the demand in Europe for this product," said Martin Kits van Heyningen, president and CEO. "KVH produced more fully stabilized marine antennas in 1997 than any other company in the world, and we anticipate that the broadened TracVision product line will further increase our presence in this growing market."

Like its North American counterpart, TracVision 45 offers consistent satellite tracking in a compact unit that is suitable for boats as small as 35 feet (10 meters). Measuring about 19 inches (49 cm) in diameter, TracVision 45 and TracVision II are the smallest fully stabilized marine television antennas available. Stabilization is critical to maintaining satellite contact in marine applications where the platform often is subjected to continual pitch, roll and yaw. KVH's TracVision products have demonstrated the ability to provide continual reception even in the roughest of seas.

In Europe as elsewhere, television has evolved as a primary and preferred source for news and entertainment. Consequently there is an increasing demand from both leisure and commercial mariners for access to programming while they are offshore. TracVision 45 delivers the range of news, sports, movies and music programming offered through ASTRA and HotBird channels to vessels at anchor or underway with near laser disc-quality video and CD-quality sound. In North America, where KVH's stabilized antennas deliver DIRECTV(R) programming, recent sales of TracVision II have exceeded company expectations. KVH's Tracphone(R) products also provide mariners with voice, fax and data transmission via the Inmarsat satellite network for worldwide use and via the American Mobile Satellite Corporation system for low-cost communications in North America.

"As part of an ongoing commitment to keep our communications products technologically current and competitive, KVH is integrating its fiber optic gyroscopes with TracVision II to exponentially improve stabilizing and pointing capabilities," said Kits van Heyningen. "This research is being supported by a Small Business Innovation Research Phase I grant of nearly $100,000 from the Army to develop antennas for high-bandwidth communications on the move. We believe the resulting antenna system will meet the needs of military and commercial sectors for the precision and minimal drift in satellite contact that is critical for successful high data rate digital communications."

TracVision 45 features a 3-axis digital gyro sensor that accurately measures vessel motion. The proprietary KVH software interfaces with a new pedestal design, moving the antenna to counteract roll, pitch and yaw and maintain satellite contact. A comprehensive network of more than 50 international distributors supports TracVision 45 and other KVH communications products.

KVH Industries utilizes its proprietary fiber optic, autocalibration and sensor technologies to produce navigation and mobile satellite communications systems for commercial, military and marine applications. The company has headquarters in Middletown, RI, (USA) with offices in Illinois, Florida and Denmark.
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