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Technology Stocks : KVH Industries, Inc.
KVHI 11.90-3.6%3:59 PM EDTNews

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To: Roadkill who wrote (231)12/1/1998 7:55:00 AM
From: Roy F  Read Replies (1) of 6936
 
NMEA Selects Four KVH Products as "Best"In Communications, Navigation Categories

November 30, 1998 01:36 PM
MIDDLETOWN, R.I.--(BUSINESS WIRE)--Nov. 30, 1998--The National Marine Electronics Association (NMEA) has awarded four of its sixteen "best product" awards for 1998 to KVH Industries, Inc. KVHI with the company's communications and navigation systems splitting the honors. In the communications categories, TracVision(R) II was voted Best Satellite Television System and Tracphone(R) 25 was named Best Satellite Telephone System. The two KVH navigation products that won awards at the recent NMEA annual convention ceremony in Orlando, Florida, were the Azimuth(R) Digital Gyro Compass for Best Gyro Compass and the Azimuth(R) 1000 as Best Electronic Compass.

"It is an honor to have marine electronics dealers from throughout the nation select four of our products as the best in their categories," said Martin Kits van Heyningen, KVH president and CEO. "As the front line in dealing with customers, installing equipment and providing ongoing service, dealers have a unique breadth and depth of experience to evaluate the products that they sell. We also consider this a particularly notable achievement since Tracphone 25 was launched less than 11 months ago and we have been shipping TracVision II for just over one year. In fact, the success of all four award-winning products is evidence of the expertise inherent in our R&D, manufacturing, sales and marketing departments."

TracVision II, the world's smallest fully stabilized marine television antenna, delivers 200 channels of direct broadcast satellite television up to 100 miles off the North American coast. Due to the recent addition of optional data channel service, TracVision II also provides coastal and offshore marine weather information and real-time stock market reports. Its compact size is suitable for boats 35 feet long and greater. The KVH 3-axis digital gyro sensor and innovative pedestal ensure that satellite contact is maintained even during heavy sea conditions where vessels are subjected to severe pitch, roll and yaw. Following the successful introduction of TracVision II, KVH introduced TracVision 45 for marine television reception in Europe and the company has systems for South America and other international markets in advanced stages of development.

Tracphone 25 also features proprietary KVH gyro sensors to stabilize system antennas, thereby providing mariners worldwide with continuous voice, fax and data service through Inmarsat mini-M satellites. KVH's larger telephony system, Tracphone 50, is used primarily by fleets of bulk carriers where advanced communications capabilities are in heavy demand to meet crew and business needs.

"The Tracphone link to mini-M service can save users up to 66 percent in per-minute costs for satellite communications over other services," said James Dodez, vice president of marketing. "For example, mini-M maritime rates average $2.40 per minute compared to an average of $6.16 per minute for the recently launched Iridium service. Since 75 percent of average daily SatCom transmissions are voice and mariners start paying international calling rates once they are 12 miles offshore anywhere in the world, the cost savings can be significant."

With the development of TracVision LM for television and data broadcast reception in vehicles such as RVs and motor coaches, KVH is entering a new market for its SatCom products. TracVision LM is an affordable, reliable in-motion system that delivers television channels, weather reports and market data at rest and on the road. The company plans to launch TracVision LM in the first quarter of 1999.

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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