Technology StocksKVH Industries, Inc.

Previous 10 Next 10 
To: Sector Investor who wrote (572)10/19/2000 8:22:55 AM
From: Sector Investor
   of 7024
Edged into the black - Break even! GMs up to 40%. More customer funded R&D.

"We anticipate the positive sales trends that we experienced in the third quarter to continue into the fourth quarter of this year."

"Fiber projects are beginning to accelerate and we anticipate that R&D expense will return to historic levels beginning in the fourth quarter of 2000." "

Thursday October 19, 8:07 am Eastern Time

Press Release

KVH Announces 3rd Quarter 2000
Results Quarterly Sales Increase of
56% Drives Return to Profitability

2000--KVH Industries, Inc. (Nasdaq: KVHI - news) today
announced that the company generated net income of $18,238
for the third quarter ended September 30, 2000. The
company's return to profitability resulted from strong
growth in communications and military sales, improvements in
gross margin and lower operating expenses during the

``We made significant investments in R&D over the past three
years and we are pleased to see those investments driving
sales growth and most importantly, producing profitable
results. Mobile Satellite product sales continued to
demonstrate strong growth and a rebound in military
navigation sales also contributed to our profitability,''
said Martin Kits van Heyningen, president and CEO.

Total revenues for the third quarter increased 56 percent to
$7.5 million from $4.8 million in the 1999 period. Quarterly
gross profits increased to $3.0 million from $1.5 million
and gross margin as a percentage of net sales improved to 40
percent from 31 percent in 1999. Total operating expenses
remained nearly flat at about $3.0 million in both the 2000
and 1999 third quarters. The 2000 third quarter operating
income was $86,361 compared to $1.6 million loss in 1999.
Net earnings for the 2000 third quarter of $18,238 or $0.00
per share compare to a net loss of $1.0 million or $0.14 per
share in 1999.

For the nine months ending September 30, 2000, total
revenues increased 22 percent to $21.1 million from $17.3
million in the 1999 period. Gross profits increased to $7.8
million from $5.9 million and gross margin as a percentage
of net sales increased to 37 percent from 34 percent.
Year-to-date total operating expenses increased to $9.1
million from $8.4 million in 1999. The year-to-date
operating loss declined to $1.4 million in 2000 from a $2.5
million loss in 1999. A net loss year-to-date of $1.0
million or $0.13 a share compares to a net loss of $1.5
million or $0.21 per share in 1999.

According to Chief Financial Officer Richard Forsyth, ``We
anticipate the positive sales trends that we experienced in
the third quarter to continue into the fourth quarter of
this year. We worked hard at controlling spending in the
third quarter and succeeded in decreasing quarterly
operating expenses as a percentage of revenues in every cost
category. We realized an R&D expense savings of 24 percent
over the prior year as we offset internal research spending
with customer funding. Current research efforts related to
our Mobile Broadband and Photonic Fiber projects are
beginning to accelerate and we anticipate that R&D expense
will return to historic levels beginning in the fourth
quarter of 2000.''

KVH is webcasting its third quarter 2000 conference call
live at 11:30 a.m. Eastern time today through the company's
web site at The audio also will
be archived at the company web site within three hours after
the call is completed.

KVH Industries, Inc., is a leading international provider of
innovative mobile, high-bandwidth satellite communications
systems and navigation products. Its award-winning products
address a variety of markets worldwide, including mobile
broadband satellite communications, tactical navigation, and
fiber optics. The company has headquarters in Middletown,
RI, (USA) with offices in Illinois, Florida and Denmark.

This press release may contain certain forward-looking
statements that involve risks and uncertainties. The actual
results realized by the Company could differ materially from
the statements made herein. Factors that might cause such
differences include, but are not limited to: failure to
develop and market fiber optic products; lack of reliable
vendors, service providers and outside products; continued
poor military sales cycles; unforeseen changes in competing
technologies and products; worldwide economic variances; and
poor or delayed research and development results. Additional
factors are discussed in the company's Annual Report on Form
10K filed with the Securities and Exchange Commission on
March 27, 2000. Copies are available through the company's
Investor Relations Department or web site.

KVH Industries, Inc. and Subsidiary
Consolidated Statements of Operations

Three months ended Nine months ended
September 30, September 30,
2000 1999 2000 1999
Net sales $ 7,461,492 4,781,389 21,109,261 17,280,203
Cost of sales 4,454,136 3,295,606 13,323,446 11,349,188
Gross profit 3,007,356 1,485,783 7,785,815 5,931,015

Operating expenses:

Research &
development 882,350 1,158,263 2,972,633 3,068,103
Sales & marketing 1,433,292 1,389,290 4,474,048 3,783,490
Administration 605,353 524,340 1,697,414 1,576,299
Total operating
expense 2,920,995 3,071,893 9,144,095 8,427,892
Income (loss) from
operations 86,361 (1,586,110) (1,358,280) (2,496,877)
Other (expense)
income (55,026) 6,017 (249,585) 53,672
Profit (loss) before
income taxes 31,335 (1,580,093) (1,607,865) (2,443,205)
Income tax (expense)
benefit (13,097) 538,509 590,214 948,884
Net income (loss) $ 18,238 (1,041,584) (1,017,651) (1,494,321)
Per share information:
Income (loss)
per share - basic $ 0.00 (0.14) (0.13) (0.21)
Income (loss)
per share -diluted $ 0.00 (0.14) (0.13) (0.21)
Shares - basic 7,677,043 7,262,510 7,578,471 7,223,215
Shares - diluted 8,127,286 7,262,510 7,578,471 7,223,215

KVH Industries, Inc. and Subsidiary
Consolidated Balance Sheets

September 30, 2000 December 31, 1999
(Unaudited) (Audited)


Current assets:

Cash and cash
equivalents $ 841,196 2,047,838
Accounts receivable,
net 5,310,657 3,362,390
Costs and estimated
earnings in excess of
billings on uncompleted
contracts 686,149 444,492
Inventories 3,633,213 3,672,269
Prepaid expenses and
other deposits 341,620 292,793
Deferred income taxes 363,462 376,628
Total current assets 11,176,297 10,196,410
Property and equipment, net 6,805,686 7,227,778
Other assets, less accumulated
amortization 739,629 839,113
Deferred income taxes 2,169,690 1,571,409
Total assets $ 20,891,302 19,834,710

Liabilities and stockholders' equity:

Current liabilities:
Current portion
long term debt $ 75,961 75,643
Line of credit 1,354,647 --
Accounts payable 1,288,927 1,599,770
Accrued expenses 1,240,827 792,086
Total current liabilities 3,960,362 2,467,499
Long term debt 2,816,294 2,865,232
Total liabilities 6,776,656 5,332,731
Stockholders' equity:
Common stock 76,827 72,969
Additional paid-in capital 16,194,340 15,567,880
Accumulated deficit (2,156,521) (1,138,870)
Total stockholders' equity 14,114,646 14,501,979
Total liabilities and
stockholders' equity $ 20,891,302 19,834,710


KVH Industries, Inc.
Richard Forsyth

Share RecommendKeepReplyMark as Last Read

To: david james who started this subject10/19/2000 10:05:17 AM
From: Roy F
   of 7024
New TracVision G6 DVB-Compatible Satellite TV Antenna Expands Coverage for TV at Sea
MIDDLETOWN, R.I.--(BUSINESS WIRE)--Oct. 19, 2000--KVH Industries, Inc., (Nasdaq: KVHI - news) introduced the latest in its line of award winning satellite television antennas, the new KVH TracVision® G6, at the National Marine Electronics Association (NMEA) Annual Convention this week. Using the integrated DVB technology pioneered by KVH for positive satellite identification, TracVision G6 has a 24`` antenna enabling it to receive satellite television signals in a wider coverage area than smaller 18'' antennas. Housed in a 26`` radome, it is the smallest fully stabilized 24'' antenna available.

``KVH introduced the TracVision G6 to meet our customers desire to receive satellite television in areas that required a larger antenna than our 18'' TracVision G4 product,`` explained KVH vice president of satellite products, Ian Palmer. ''This product will provide coverage in Latin and South America using DIRECTV's Galaxy Latin America service, and in North America will extend the coverage of DIRECTV® and the DISH(TM) Network for our customers that cruise further offshore. For mariners who travel to Europe, the TracVision G6 provides outstanding reception of Astra, Sky Digital, Eutelsat, Hispasat, Thor and Sirius,`` Palmer added.

TracVision G6 uses the same advanced technology as TracVision G4, including the GyroTrac(TM) compass and 3-axis vessel motion sensor system. KVH's unique integrated DVB technology enables the antenna to positively identify satellites, thereby eliminating the need for adjusting complex controls. The antenna can even change automatically between favorite satellites such as those carrying local programming as simply as changing stations on the remote control.

The new high-gain TracVision G6 also includes at no extra charge the award-winning KVH GyroTrac sensor, which provides earth reference data for faster satellite acquisition and reacquisition. GyroTrac's patented three-axis gyro sensor delivers stabilized heading output that can be integrated with all onboard electronics. The antenna control unit incorporates a universal interface to all other marine electronics onboard that require a heading device. ARPA radars, autopilots, charting systems and all other onboard electronics receive the same accurate, stable heading information used by the TracVision.

Housed in a radome measuring only 26`` in diameter, the TracVision G6 is almost 20% smaller than competing 24'' stabilized antennas. Its smaller size and lighter weight make it an excellent choice for boats as small as 45 feet. Many customers select KVH's matching Tracphone® products for attractive ``dual dome'' installations of both satellite television and satellite communications.

The TracVision G6 and KVH's smaller TracVision G4 represent the latest generation of a highly successful product line that has won the NMEA ``Best Product Award'' for satellite television for the past two years in a row. The NMEA product awards are presented annually to recognize excellence in design, performance and reliability in marine electronics products. The winners are selected by a vote of marine electronics dealers, distributors and other industry professionals.

KVH Industries is the world's leading provider of mobile satellite television antennas and satellite communications systems for both marine and land applications. An ISO 9001 registered company, KVH uses its proprietary fiber optic, auto calibration and sensor technologies to produce navigation and mobile satellite communications systems for commercial, military, and marine applications. The company was founded in 1982 and has headquarters in Middletown, RI, USA with offices in Illinois and Florida, and a European Sales, Marketing and Support office in Hoersholm, Denmark.

For further information, please visit our web site at - or contact:

KVH Industries, Inc.
50 Enterprise Center
Middletown, RI 02842
401-847-3327 (phone)
401-849-0045 (fax)


KVH Industries, Inc.
Jim Dodez

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Roy F who wrote (575)10/22/2000 10:26:11 AM
From: Sector Investor
   of 7024
To all.

The Yahoo! KVHI thread is coming alive. I don't know if everyone here is reading it, but of late it has been excellent.

There are too many posts there to post links to here, so, until this thread also becomes more alive, the place to be is the Yahoo! KVHI thread.

You can join in the action at:

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Sector Investor who wrote (576)10/22/2000 11:43:09 PM
From: Sector Investor
   of 7024
Compliments of Upticked's great effort tonight, here is a transcript of the entire 20 minute Q&A session of the Q3 conference call. I've taken her 7 posts on Yahoo! and combined them. Thanks Upticked.

Joan Lapin, Gramercy? Capital: Hi, glad to see you on the mend. Can you tell me if you look forward a year or six quarters, how much of your business do you think will be defense related and because--I mean--we know that goes up and down with changes in governments and whatever.

Martin A. Kits van Heyningen: Right.

Strategically we have an internal goal that defense won’t be more than one-third of our business, and this year it will be in the 20-25 percent range, and if our communications business continues to grow as rapidly as it does, I think looking forward we see defense sort of in the 25% or less range—going forward.

Joan Lapin: Okay, so as you look out to next year, where--would you sort of summarize what you think the big chunks of your—you know— business will be.

Martin A. Kits van Heyningen: Well, at the macro level we see the defense sales growing very quickly, but fortunately, the rest of our business is growing as fast or even slightly faster so that the percentage of sales that you see this year should look somewhat similar next year. And probably the big difference is that we see the fiber optic’s section taking on more a percentage of the total company pie in terms of revenues, but we do not see a return to being dominated by military as we were three or four years ago. So, the answer to your question more succinctly—20-25% military.

Joan Lapin: Yeah, but I’m asking about the OTHER parts, I mean how much do you see each big chunk being?

Martin A. Kits van Heyningen: Well we don’t— you know satellite communications sales this year are going to be approximately 60% of our revenues. Dick, wouldn’t you say that’s accurate?

Dick Forsyth, CFO: I would say that is an accurate figure.

Martin A. Kits van Heyningen: And, FOG sales are roughly a small percentage this year—5-10% or less and that’s because, you know, we are really just getting into production now. Next year we see the percentage of satellite communications sales will probably drop but only because the fiber optics will increase to maybe 10-20% of our sales.

Joan Lapin: Okay. Thanks

Martin A. Kits van Heyningen: Thank you.

James Shay of Salomon Smith Barney: Yes, Martin, if we could just digress for a moment. Pertaining to that announcement back in July with Crossbow where you both brought your technologies together. . .

Martin A. Kits van Heyningen: Yes.

James Shay: And you were optimistic on the development of certain new products in three industry areas.

Martin A. Kits van Heyningen: Right.

James Shay: But it was contingent upon a certain new design meeting certain performance criteria—could you just go over that and elaborate?

Martin A. Kits van Heyningen: Sure, good question. The Crossbow project is on track, and when I talked about the revenue, the backlog for the fiber optic group, I was actually excluding the million dollar Crossbow order that we have because that will ship mostly starting in Q1. We are on schedule to deliver in Q4 this year fairly small quantities which are what we call pre-production units. Basically, it’s a repackaging project that allowed our gyros to fit into their host system, so it’s more of a mechanical redesign, but that’s on schedule and we expect that to be a great relationship going forward.

James Shay: Martin?

Martin A. Kits van Heyningen: Yes

James Shay: This is Jim again. Maybe for Dick. Dick, the expansion in gross margins with the development of these two new areas, mobile broadband and photonics, do you see in 2001 a peaking out of the expansion of these gross margins?

Richard Forsyth: We don’t have any of these products in house as yet. When we look at them, they appear to have stronger gross [inaudible from microphone noise, but it seems he said “margins than our”] existing products, so depending on when these products are introduced into the market, when that happens we feel are going to have a very positive impact on margin expansion.

Joan Lapin’s Follow-up Question:

Joan Lapin: The mobile antennas--is there any potential for you in the rollout of all of this Xfm Serious Radio stuff, is there any relevance to that?

Martin A. Kits van Heyningen: Well, there is in the sense that these antennas—those are also satellite antennas, they are operating in the S-band—and we’ve looked at whether there would be any customer interest in combining, you know, that feature into our antennae as well, and it has mainly to do with real estate on the vehicle so that by combining that--you probably don’t save any money, but you simplify the installation and just eliminate the proliferation of FM, cellular, satellite, you know, and XM radio antennas all in the same vehicle. So I think it really depends on whether that service catches on or not and becomes popular, but we do have the capability to incorporate that antennae into our technology.

Joan Lapin: Without any increase in size?

Martin A. Kits van Heyningen: Without any increase in size.

Joan Lapin: Okay, and for Dick, you mentioned these financing options, and you included joint venture or whatever you called it, so would you amplify on what you would prefer to do and what your thinking is on that score as you start to earn money?

Richard Forsyth: Joan, we’re looking at three options. Customer funding traditionally is an option that we’ve been very successful with as Martin alluded to in his description of R&D. In the military we even spin some of that off for commercial purposes, so that’s an area that is open and we are addressing that. Corporate partnering is a significant piece of the mobile broadband picture and we’re looking at that. Some of these partners have deep pockets, and they may have a tremendous interest in participating in the project. At the same time, we are also looking at the equity market and seeing if there is anything that makes sense in those areas. So, the answer is we’re really pursuing all three.

R. Adkins of Adkins Securities: Thank you. Say, Martin, Dick, I’ve got a question here regarding your product that you had been developing, I believe had been testing regarding a voltage sensor. I think you were talking about eventually bringing in some sort of an industry player on that, to assist you in marketing that. What’s the status of that?

Martin A. Kits van Heyningen: We’ve actually made very good progress there, and we do have a—you know, we’ve made some, basically we’ve signed an MOU with a company so we’re in the process of continuing that partnership, and we hope to have something to talk about there, but we don’t have anything concrete yet. But, you know, in terms of market opportunity, we’re still extremely excited about the fiber optic current sensor. It’s a market that’s at least as large as our fiber optic gyro market and uses all the same technology as our current product, so it’s very, very similar in terms of production, so we see that as a big opportunity. We are pursuing it hard, and hopefully we’ll have something more to talk about there, but unfortunately right now at the customer’s request, I really can’t say any more.

Adkins: Okay. You had indicated--as you did just now, I guess--that you were thinking of that, in prior conference calls you’d indicated that you’d thought that was a pretty large market, had large market potential for you. What about other sensors? I’ve been doing a little reading up, and I see that the fiber optic technology is applicable apparently in a lot of different sensor markets. Are you working in other areas also besides the current sensing?

Martin A. Kits van Heyningen: No, we’re not and what we’re focusing on right now is the optical networking market. The additional sensors while technically feasible--there’s a lot of things you can do with fiber optics—but right now, we have an extremely exciting opportunity and some very unique technology that we’re pursuing aggressively in what is a much larger market than any sensor market—and that’s the high-speed optical network market.

Adkins: Okay. Can you describe a little more or expand a little more fully on what-- when you say ‘optical networking’, can you tell me or tell us what that product would be or the products would be—what are they going to do?

Martin A. Kits van Heyningen: Well, they are going to do a variety of things. The first product is this optical modulator that I described and that’s a product that encodes data onto fiber. So, in all fiber optic networks, you have the problem of taking information from computers and routers and putting it into fiber for transmission. The advantage of fiber is that it has nearly infinite bandwidth in and of itself, but the problem is getting the data—the electrical data—into the fiber, and that’s done by this device which is known as a modulator. So it turns the light on and off in a way that corresponds with the 1s and 0s of the digital data from the electronic stream, the digital data stream. And our technology will enable that to be done much faster and much less expensively than any method that we are aware of today.

Adkins: Do you visualize or do you see that you’re going to have to license someone else’s technology at this point then to build upon that or are you developing something that is proprietary just to KVH?

Martin A. Kits van Heyningen: It’s proprietary to KVH. We have, as I mentioned, you know, we have almost 70 patents already. We’ve got 14 that are directly related to this project, and we have about 23 patents pending. So, we are very comfortable with our intellectual property position, and we do not require patents from anyone else in order to move forward here.

Adkins: These conference calls that you hold, I think, are just wonderful for getting your story out, but I’m just curious what other efforts are you getting involved in to increase, I guess, the corporate visibility to the investment community for KVH?

Martin A. Kits van Heyningen: Well, we’re speaking at some conferences. I’m going to be speaking at a conference in New Orleans at the beginning of December which is a power industry conference which is sponsored by George Gilder’s group--and that’s in early December. So, you know, we continue to speak at conferences, and we’ll probably be more visible in terms of getting our story out now because we really have a very strong position. It’s a very good time for us to be talking about KVH, so I think you will see that we will be more active now.

Adkins: Can you talk at all about the magnitude of the financing that you’re talking about in order to move further towards your mobile broadband and your fiber optic developments—can you talk about the size of the financing that you are thinking about?

Martin A. Kits van Heyningen: I really can’t at this time because it’s a combination of both the project’s scope and the method of financing. So, I think it will really depend on the interest that we get and the pricing, and we’re very sensitive to any possible dilution to the company at this point. So, you know, we are going to keep our shareholders’ interest at heart there, as far as dilution goes, but we can’t really discuss the details of size at this point — because we really haven’t nailed that down.

Adkins: Okay, well you had a wonderful quarter, and I’m looking forward to next quarter. Thanks for answering my questions.

Tim Murray of Briarpatch: Hello, Martin.

Martin A. Kits van Heyningen: Hi, Tim.

Tim Murray: How yall doing up there? Rowley asked so many of the questions that I was thinking that it has covered it very well. After two years of listening to your reports, it has just been very positive and very--I am going to say plodding in a positive way--and I really appreciate the way that yall have handled it. I’m excited to see that you will be here in New Orleans in December, and I look forward to getting together with you.

Martin A. Kits van Heyningen: Great

Tim Murray: Thank you very much.

Martin A. Kits van Heyningen: Thank you.

Steve Krueger with Forsyth Investments: Hi, Martin. Great quarter.

Martin A. Kits van Heyningen: Thank you.

Steve Krueger: Question about the development timeline on the photonic fiber products and the modulator in particular. Do you have a prototype of the modulator yet, and if not, when do you expect to have a prototype that you could start sampling and showing to prospective customers?

Martin A. Kits van Heyningen: That’s a great question, and that’s probably something I should have addressed--and I meant to--in a conference call. You know, both of these projects are early stage developments. You know, we are looking at round numbers of twelve-month time frame for, you know, complete development. Obviously, well before that, we’ll have samples that will be developing a prototype that will be testing. We are making very good progress today, but I don’t want to, both for competitive reasons, and for--just simply for the fact that this is R&D and it’s difficult to predict with any finite certainty, you know, details. I don’t want to discuss exactly when these samples will be available, but, you know, it’s not something that is going to be impacting revenue in the next couple of quarters, but it’s not something that is a multi-year development project, either, so I think that in a 12-month time frame is probably as close as I’d like to nail it at this point.

Steve Krueger: Right. I heard you say that you don’t have prototypes, so I wonder what are your performance targets based on then at this point?

Martin A. Kits van Heyningen: Well, we’ve done quite a bit of testing of--the material itself has already been tested at over 100 gigahertz. We’ve built parts of the devices that I mentioned in the call, so we’re building it up in stages. We are using manufacturing processes which are identical to what we are using in our fiber optic sensors. So, you know, and we’re doing it fairly methodically in terms of the steps that are required. Now, we feel fairly confident that because the material has already been tested, each component has been tested individually, what we are now doing is aggregating all of these inventions into the final device and that’s the part that we are working on now.

Steve Krueger: Okay, thanks very much.

Martin A. Kits van Heyningen: You’re welcome.

Joan Lapin: I have two more questions. What are you doing that relates to the power industry that Dick [sic – she meant George] Gilder has invited you to talk about? And secondly, can you size the potential for some of these markets, you know, with what you’re doing with regard to the optical networking market and what you’re doing, well, which would be these optical modulators, I guess, but, if you could just size some of these markets that you are starting to address now that are new to you.

Martin A. Kits van Heyningen: Sure, I’ll start with your first question—which is what are we doing in the power industry. We have been working with a major player in the power industry to develop a fiber optic current sensor, and that product is a very high-speed, high-precision, very safe, small device that replaces large current transformers measuring electricity in very high voltages in the electrical power grid. And there’s a tremendous interest now in transforming the way electricity is generated and distributed and sold in this country, and I think that’s the reason we’ve been asked to speak to the conference because this is a device that will impact that business because you’ll now be able to measure very accurately high voltage current flows throughout the grid. The market today for these devices which are conventional transformers—the conventional technology is about 500 million dollars a year, today.

The second part of your question--the optical networking, the component market--has been estimated to be, you know, a multi-billion dollar market. And these components today are sold both as individual elements and part of larger systems. So, today that’s an enormous market, and not only is that a larger market, but there’s also tremendous capacity constraints right now so that there are shortages of a lot of these key products. So, we see that from a financial perspective as the largest opportunity that we have in front of us today.

Joan Lapin: Thanks

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Sector Investor who wrote (577)10/25/2000 1:36:17 PM
From: akmike
   of 7024
KVHI is sure holding up in this environment so far. What good does it do to conserve some buying power if you guys don't panic and bring the price down? <gg>
Some days it is great to have a lower profile, huh.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: akmike who wrote (578)10/25/2000 1:45:52 PM
From: Sector Investor
   of 7024
<<KVHI is sure holding up in this environment so far.>>

What are you talking about? We are down 1/32 at the moment! <g>

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Sector Investor who wrote (579)10/25/2000 1:54:50 PM
From: akmike
   of 7024
Ah, but that is only till "Da Man" paints the tape at closing.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: akmike who wrote (580)10/25/2000 4:09:29 PM
From: Sector Investor
   of 7024

KVH Sweeps NMEA Satellite Awards for Third Year in a Row

MIDDLETOWN, R.I., Oct 25, 2000 (BUSINESS WIRE) -- For the third year in a row, KVH Industries, Inc. (Nasdaq: KVHI chart, msgs) has earned "best product" awards from The National Marine Electronics Association (NMEA) in every category its products were eligible. KVH swept the satellite communications categories. The TracVision(R) 4, a new product introduced in 2000 based upon last year's award-winning TracVision 3 design, was voted Best Satellite Television System, and Tracphone(R) 25 was again named Best Satellite Communications Product. The company's Azimuth(R) 1000 was voted Best Electronic Compass, winning the NMEA award for the 3rd year in a row.

The NMEA Product Awards are presented annually to recognize excellence in design, performance and reliability in marine electronics products. The winners are selected by a vote of the members of the NMEA. Founded in 1957, the NMEA is an internationally recognized trade association of manufacturers, distributors, dealers, sales representatives and other professionals in the marine electronics field. Among its achievements, the NMEA has led the way in establishing technical standards for data exchange in marine electronics, with the widely accepted NMEA 0183 data protocol.

"It is an honor for our products to once again be recognized by marine electronics dealers from throughout the nation," said Ian Palmer, vice president of sales, who accepted the awards at the NMEA annual convention ceremony October 21 in Ft. Myers, Florida. "We have a strong commitment to developing and marketing products for the marine market, and to using our core technologies to continue KVH's leadership role in the communications sector of the industry. Our dealers are invaluable partners in marketing, installing and supporting both new and existing KVH products, and we consider their votes in the annual award competition an affirmation of the company's development strategies."

TracVision 4 is unique in that it uses KVH's integrated DVB technology to provide fool-proof satellite acquisition, and to allow users to select between different satellites if desired to receive local programming or Internet broadcasts. Widely recognized as offering the best satellite tracking performance in its class, TracVision 4 has been selected as a standard option by leading boat builders Sea Ray and Silverton. With TracVision 4, mariners can access 200 channels of direct broadcast satellite television up to 100 miles off the North American coast.

Tracphone 25 brings completely secure voice, fax, and data services to boats as small as 35 feet (10 m). Capable of simultaneously supporting multiple phones through a PABX system, as well as a fax machine and computer, Tracphone 25 brings a complete communications center to sea. Near-global coverage is provided through the low-cost Inmarsat mini-M service, the world's most widely used satellite communications service. The Tracphone 25's fully stabilized antenna design ensures mariners can keep in touch regardless of the sea conditions.

The Azimuth 1000 Digital Compass is the heads-up choice in heading information for powerboats of all types. The Azimuth 1000 is designed to military quality standards and has been chosen as standard equipment for many leading brands of powerboats, including all Fountain powerboats over 30 feet. It is the rugged, reliable, rock-steady, digital fluxgate compass for today's navigation. The self-contained compass system offers both Compass and Off-course modes as well as NMEA 0183 compatibility, providing tremendous versatility and valuable navigation data aboard any vessel.

An established, widespread network of dealers supports the KVH marine communications and navigation product lines. KVH has made supporting its dealers a high priority, and is continually striving for new ways to enhance company-dealer communications, collaborate in marketing efforts, extend training and provide rapid, high-quality customer service.

KVH Industries, Inc., is an international leader in developing and manufacturing innovative, mobile, high-bandwidth satellite communications systems, navigation systems, and fiber optic products. The company's award-winning mobile satellite communications systems connect people on the move in boats, RVs, motor coaches, trucks, or automobiles to satellite television and Internet data services. The company has headquarters in Middletown, RI, (USA) with offices in Illinois, Florida and Denmark.

KVH Industries, Inc.
Jim Dodez
(401) 847-3327

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Sector Investor who wrote (581)10/29/2000 9:11:01 AM
From: Sector Investor
   of 7024
From MF via Yahoo!

Dear Digital Power Report Subscriber:

If you've been investing in the Power Panel companies we've been writing about, you've seen your investments more than double this year. In fact, if you entered the market in April, your average portfolio has tripled in value.

What's the key to making these selections? A detailed understanding of the advanced technology being developed by these market leaders to deliver High Nines power to the power-thirsty global Internet economy..

HOW will that power be delivered? And more important, WHO will deliver the necessary infrastructure?

That's what you will learn at Powercosm II -- Powering the Platform on December 6th - 8th in New Orleans.

We'll be examining who will power antennas and lasers and the increasingly power-hungry portables and palmtops which are rapidly becoming the base of mobile, Internet communications.

Key players in this expansive market will spend an intensive two and a half days with our subscribers evaluating the technologies and the market demands of the power platform.

Hear directly from the CEOs from Softswitch Technologies, KVH Industries, Metallic Power, International Rectifier, Proton Energy Systems, Power-One, Evergreen Solar, Capstone Turbine, FuelCell Energy, American Superconductor, Power Distributors and more !

And, we'll feature visionary insights from our friend and mentor George Gilder. The power demands of the Telecosm are far more significant than Wall Street realizes -- You can be the first to discover these new investment opportunities.

There's a lot of fresh ground to cover which you can take home and use to plan your 2001 investment strategy -- you must understand the market demand and the emerging technologies to supply that demand in order to make prudent investment decisions.

We have reserved 200 seats for Digital Power Report subscribers. You know the market and for you this conference is Mission Critical to understanding where these key investable companies are going. Some of you have told us your didn't receive this month's issue as quickly as normal, even though we mailed it at the normal time -- that's why we've extended the subscriber-only response deadline through the end of this month.

We encourage you to reserve your place at Powercosm II today. The seats are filling up and we open the registration to the general investor public on November 1st. Don't delay and end up on the conference waiting list -- that's what happened to subscribers who waited to sign up for our introductory conference last June.

The current agenda and registration materials can be found easily at Otherwise go straight to to reserve your conference place and make sure you are at the head of the curve in making the right investment decisions for 2001.

We look forward to seeing you in New Orleans!


Peter Huber and Mark Mills

PS: In case you think these days will just be hard work, rest assured we've planned a number of special entertainment events for delegates and their guests. As an added bonus, your registration also includes a full set of audio recordings so you can revisit the technical presentations after the conference.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)

To: Sector Investor who wrote (582)10/30/2000 9:42:56 AM
From: Pink Minion
   of 7024
I was just thinking that having drivers surf the web while in the car is about the last thing we need. BUT, I would love to have net radio and should be the killer app for the car. I think XMSR and SIRI are doomed.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10 

Copyright © 1995-2018 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.