New contract expands on Kongsberg's earlier $6 million contract for KVH fiber optic gyros to use in new stabilized remote weapon stations
MIDDLETOWN, R.I., July 10 /PRNewswire-FirstCall/ -- KVH Industries, Inc., (NASDAQ:KVHI) today announced that it has received a new $2 million order for its precision DSP-3100 fiber optic gyros (FOGs) from Kongsberg Defence & Aerospace for use in the Protector family of remote weapon stations. The contract is in addition to a $6 million order received in April 2008 from Kongsberg, and will extend DSP-3100 FOG shipments into the early part of 2009. As with the previous order, this contract is subject to the successful completion of DSP-3100 testing and qualification, which is already underway.
The Protector family of remote weapon stations substantially improves crew safety and weapon accuracy by allowing gunners to operate, aim, and fire the weapon from inside the safety of their vehicles, taking the gunners out of turret positions where they are exposed to hostile fire. Kongsberg's Protector will rely on KVH's new DSP-3100 FOGs to provide precise stabilization and weapon recoil control while ensuring that the weapon stays on target whether the vehicle is stationary or on the move.
"KVH's fiber optic gyros are ideally suited for stabilized weapons, such as the Protector family, that provide critical safety and operational benefits for U.S. and allied warfighters," said Dan Conway, KVH's vice president of business development. "We are grateful for this display of confidence in our FOG technology and look forward to continuing our close collaboration with Kongsberg in the future." With its all-fiber design and patented Digital Signal Processing (DSP) technology, KVH's DSP-3100 FOG offers high reliability, superior accuracy and performance, and exceptional vibration, shock, and acceleration survivability at an affordable cost. KVH's fiber optic guidance and sensor systems are used in an array of commercial and defense-related stabilization, navigation, autonomous vehicle, and precision guidance applications.
KVH's fiber optic gyro resource page -- http://www.fiberopticgyro.com/ -- offers additional details regarding KVH's fiber optic gyro solutions.
Visit http://www.kongsberg.com/ for additional information about Kongsberg and its Protector family of remote weapon stations.
Note to Editors: High-resolution photos of the DSP-3100 fiber optic gyro are available at http://press.kvh.com/ for download and editorial use.
About KVH Industries, Inc.
KVH Industries, Inc., is a premier manufacturer of systems to provide access to live mobile media ranging from satellite TV to telephone and high-speed Internet for vehicles and vessels as well as a leading source of navigation, pointing, and guidance solutions for maritime, defense, and commercial applications. The company's products are based on its proprietary mobile satellite antenna and fiber optic technologies. An ISO 9001-certified company, KVH is based in Middletown, Rhode Island.
This release may contain certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, for example, the functionality, characteristics, quality and performance of KVH's products and technology; and customer preferences, requirements and expectations. The actual results could differ materially. Factors that may cause such differences include, among others, uneven military sales cycles, changes in military fielding and equipment requirements, and changes in international situations, as well as those discussed in KVH's most recent Form 10-Q filed with the SEC. KVH does not assume any obligation to update its forward-looking statements to reflect new information or developments.
KVH is a registered trademark of KVH Industries, Inc. All other trademarks are the property of their respective companies. DATASOURCE: KVH Industries, Inc.
CONTACT: Chris Watson of KVH Industries, +1-401-845-8138, Web site: http://www.kvh.com/ http://www.kongsberg.com/ http://www.fiberopticgyro.com/ http://press.kvh.com/
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