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To: Roy F who wrote (1690)1/7/2003 7:44:34 AM
From: Roy F
   of 6936
 
KVH Receives $1.6 Million Order to Upgrade U.K. Army Vehicles for Precision Navigation

Tuesday January 7, 7:30 am ET

Order Follows Additional Contracts from U.S. Marine Corps and the Ministries of Defense for Saudi Arabia & Oman Worth $750,000

MIDDLETOWN, R.I., Jan. 7 /PRNewswire-FirstCall/-- KVH Industries (Nasdaq: KVHI - News) announced today that it has received an order on behalf of the United Kingdom to upgrade the U.K. Army's existing KVH TACNAV® tactical navigation systems with the company's fiber optic gyro (FOG) technology. The enhanced TACNAV FOG systems, which use KVH's patented Digital Signal Processing (DSP) technology, offer expanded capabilities and provide even greater accuracy than the original digital compass-based TACNAV systems already serving aboard U.K. Army vehicles. This upgrade order is valued at approximately $1.6 million. At the same time, KVH also received new orders for TACNAV systems from the U.S. Marine Corps and the Ministries of Defense for both Saudi Arabia and Oman. The total value of these three contracts is roughly $750,000. The Marine Corps order shipped at the end of December 2002, and the company anticipates that it will ship the three remaining orders during the first half of 2003.

"TACNAV systems have been aboard U.K. Army vehicles since 2001 and have proven their value in peacekeeping and counter-terrorism operations conducted in Bosnia, Kosovo, and Afghanistan," remarked Martin Kits van Heyningen, KVH president and chief executive officer. "We are gratified that the U.K. Army recognizes the value and tactical advantages offered as a result of the upgrade to TACNAV FOG."

KVH's TACNAV and fiber optic gyro products offer every vehicle and every force commander - whether in a command, support, or combat vehicle - 100% availability of position and other tactical data, even if the signals from Global Positioning System (GPS) satellites are disrupted or jammed.

"We continue to pursue exciting new opportunities to field TACNAV with U.S. forces and their allies, both through expansion of existing contracts and in new business," continued Kits van Heyningen. "For example, the new U.S. Marine Corps order is the latest in a series stemming from an ongoing program. However, the orders from Saudi Arabia and Oman represent new business, and we believe that there is the potential for significant follow-on orders from each of these customers in the future."

The TACNAV product family has been chosen by many NATO countries, including the United States, Canada, Sweden, Britain, Spain, and Italy, as well as allied countries around the globe, making TACNAV the most widely fielded tactical navigation system in the industry. Most recently, the U.S. Army Special Operations Command selected TACNAV in October 2002 to be the navigation system for the U.S. Army Special Forces vehicle fleet.

Complete information regarding KVH's TACNAV FOG and other defense-related systems can be found on the company's web site, www.kvh.com.

KVH Industries, Inc., designs and manufactures products that enable mobile communication, navigation, and precision pointing 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 Tinley Park, 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, the discussion of the potential shipping schedule for these orders is a forward-looking statement. 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: the level of government funding for defense programs, cancellation of weapons programs, and delays in contract awards and procurement funding. 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. KVH assumes no obligation to update its forward-looking statements to reflect new information and developments.

KVH Industries Contact:
Chris Watson, Communications Coordinator
401-847-3327
cwatson@kvh.com

Investor Relations Contact:
Phil Davidson or Jolinda Taylor
FD Morgen-Walke
617-747-3600




--------------------------------------------------------------------------------
Source: KVH Industries

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To: david james who started this subject1/7/2003 8:02:22 AM
From: dvdw©
   of 6936
 
Roy your good//

More Fog orders to come as well!

Martins team is executing flawlessly, remember the Needham Conference is tomorrow and CES opens thursday. I suspect well see 20's by middle of next week.

My calculations are that KVHI's free float is under 1/2 million shares.

Cheers!

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To: Roy F who wrote (1691)1/7/2003 8:02:47 AM
From: robert b furman
   of 6936
 
WHOOAAA !!

New low profile : "phased array antennae"

Second quarter of profitability - .02-.03

$2.35 million in defense orders.

Pinch me TOTO - I think we're in Kansas.

Might be another good day - Breakout on strong volume over 11.54 and we're off to da moon.

Roy thanks for your constant updates!

Bob

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To: robert b furman who wrote (1693)1/7/2003 8:19:31 AM
From: Roy F
   of 6936
 
GOOD Morning, Bob,

Today should be interesting after the run yesterday. As dvdw said, there's not that many shares floating around, so a minor amount of movement either way will, as always, have a major influence.

I'm still happy from yesterday, so I'm not going to sweat it. It's a long game...

Have a great day.

Roy

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To: Roy F who wrote (1694)1/7/2003 8:28:06 AM
From: robert b furman
   of 6936
 
Hi Roy,

I'm very happy with yesterday also.

I will be buying an "add to" position if KVHI pops over past high (11.44 plus .10 = 11.55) on big volume.

Half way still expect a handle after this fast rise to complete the cup - which yesterday did.

Ideally we'd have a quiet volume handle that declines 5-20% - but the news is so good ,so strong, so fast - this might be one of those rare breakouts without a handle.

Very difficult to say.

Another reason is as dvdw says - no float - no sellers therefore any buyers must bid up the price - a difficult environment for a controlled handle to occurr in.

The cat may be out of the bag - please ,pretty please!!

Either way, I can definitely enjoy the price action.<VBG>

Bob

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To: robert b furman who wrote (1695)1/7/2003 8:40:15 AM
From: dvdw©
   of 6936
 
The key to this stock is Investors have been accumulating for years, not months or weeks, traders who come to the table for any of the news events now are not going to get dumped because the Investors are not going anywhere. This stock has none of the characteristics of a trade stock.

All the news is the result of planned and deliberate action, I dont know a single investor who will not look at their holdings as Post split.

There is a clear Scarcity to market value metric working.

All these new business models are going to emphasize the I in the word "Industries" KVH before this is over.

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To: dvdw© who wrote (1696)1/7/2003 8:58:18 AM
From: robert b furman
   of 6936
 
Good Morning dvdw,

You are correct.

That is why I believe the break out to be a very safe "ADD TO" point. Many investor (such as IBD types) have literally been waiting for yesterday or todays price action for an entry point.

We of the long term accumulation method must invite the wave of new liquidity.If we supplement it as well the money we spend driving up demand on a limited supply will more than create the additional purchasing power.

This is a safe entry point - may well be the last safe "Add To" point.To the degree that we each prime the pump - the pump will be more inviting to the new comers.

This new "ADD TO" stock is substantially higher than any of us long term accumulators are accustomed to - but as you point out its adjusted cost will be small and after a two for one split it will be negligible.gg

What we must do is gain attention for this little jewel.I think all of us must analyze our individual situations and do what we can to add to the strength of the accumulation while it is still cheap to do so - this adds strength to the lower foundation of the stock.

If we don't do it in light of :new products, sequential profitable quarters, and new orders for military from 3 sources AND a presidential plan to boost the market - then I say we all deserve to own a sleeper.

All past accumulators - NOW IS THE TIME TO ACT !!

ADD TO !!! - while it is still in the handle and make the breakout healthy in all respects.

If it is a handle accumulate more as the breaskout is within 5 -20 trading days.

JMHO

Bob

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To: robert b furman who wrote (1697)1/7/2003 9:12:04 AM
From: Sector Investor
   of 6936
 
From The Mercury News

Basically the same news as last night, but from a different publication.

siliconvalley.com

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To: david james who started this subject1/7/2003 9:34:25 AM
From: Roy F
   of 6936
 
Wow, fast and furious at the open... 23k currently at $12.00 eom

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To: Sector Investor who wrote (1698)1/7/2003 9:37:10 AM
From: robert b furman
   of 6936
 
BBBBRRRRREEEEEAAAAKKKKOOOOUUUUTTTTTT !!!!!!!!

On 50 day average volume in the first 5 minutes !!!

I'd say that's a pretty good indicator !!

So much for a handle at 11.44.

Bob

Edit high of 12.45 some body pinch me.hehehehe

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