Technology Stocks : KVH Industries, Inc.
KVHI 12.60+0.8%10:42 AM EDTNews

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To: robert b furman who wrote (861)7/18/2001 7:36:17 AM
From: Roy F  Read Replies (1) of 7014
KVH Industries to Supply TACNAV Systems for New Zealand Armored Forces

KVH Now Providing the Tactical Navigation System of Choice for Both Australia and New Zealand

MIDDLETOWN, R.I.--(BUSINESS WIRE)--July 18, 2001-- KVH Industries (Nasdaq: KVHI - news) announced today that it has received a $1.5 million contract to supply KVH's TACNAV(TM) tactical navigation system to General Motors (GM) Defense for use aboard the New Zealand Army's new fleet of Light Armored Vehicles (LAVs).

``New Zealand's selection of the TACNAV system completes the adoption of KVH's TACNAV product family by Australian and New Zealand military forces. Together with last year's contract with a Southeast Asian country, KVH has now made significant inroads into this region,'' remarked Christopher Burnett, KVH's vice president of business development. ``We are pleased that we will be able to support New Zealand's military operations and continue our long and positive relationship with General Motors Defense. Working together, we've equipped the GM armored vehicles used by the U.S. Marine Corps, Canada, Saudi Arabia, Australia, and now New Zealand with TACNAV systems.''

KVH TACNAV systems offers 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. In addition to interfacing with the onboard GPS, TACNAV consolidates vehicle location and azimuth, turret angle, and far target location into a single-point interface that can be transmitted via digital Battlefield Management Systems to the force commander and the other units in the field.

``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,'' continued Burnett. ``NATO peacekeeping forces in the Balkans and U.N. peacekeepers in East Timor depend on the same TACNAV systems to maintain uninterrupted situational awareness, reduce the possibility of fratricide, and enhance overall operational efficiency. We are pleased that we will now be able to provide TACNAV's critical functions and benefits to the New Zealand military.''

KVH Industries, Inc., is a leading provider of tactical navigation systems for military vehicles and advanced high-bandwidth communications products. Using its proprietary fiber optic technology, the company is developing next-generation systems with greater precision, durability, and versatility for communications, navigation, and OEM applications. Its headquarters are located in Middletown, Rhode Island.


KVH Industries Contact:
Jim Dodez
Investor Relations Contact:
Kristian Svindland or Jolinda Taylor
Morgen-Walke Associates
Financial Media Contact:
Ron Heckmann
Morgen-Walke Associates
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