MIDDLETOWN, R.I., April 18, 2011 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq:KVHI), announced today that it has received an order valued at more than $3.7 million for its TACNAV® TLS tactical navigation system for use by an international customer. These TACNAV systems will be used to upgrade existing light armored vehicles already in the field. Shipment of this order is expected to take place in the second quarter of 2011.
"KVH's TACNAV TLS navigation system equips military vehicles with a versatile battle management, tactical navigation, and targeting solution," explains Dan Conway, KVH's vice president of business development. "This affordable system is a vital tool for the coordination of vehicles on today's digital battlefield, and is designed for use on an array of military vehicles, including cavalry, reconnaissance, armored personnel carriers, and light armored vehicles. TACNAV systems are crucial to keeping warfighters safe, serving as a resource for battle management and a backup to GPS. This latest order reaffirms the value of KVH's TACNAV systems in the international market."
TACNAV TLS is an easy-to-integrate tactical navigation system offering a range of capabilities including target location, GPS backup and enhancement, vehicle position and steer-to/cross-track error displays. When linked to battle management systems, TACNAV TLS provides force commanders with continuous, jam-proof data to improve operational awareness.
TACNAV systems are currently in use on U.S. and allied vehicles participating in ongoing operations in Afghanistan, Iraq, and elsewhere. Military forces fielding TACNAV include the U.S. Army and Marine Corps, as well as many allied customers, among them Canada, Sweden, Great Britain, Germany, Spain, Australia, New Zealand, Saudi Arabia, Taiwan, Malaysia, Switzerland, and Italy.
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About KVH Industries, Inc.
KVH Industries is a leading manufacturer of solutions that provide global high-speed Internet, television and voice services via satellite to mobile users at sea, on land, and in the air. KVH is also a premier manufacturer of high performance sensors and integrated inertial systems for defense and commercial guidance and stabilization applications. The company is based in Middletown, RI, with facilities in Illinois, Denmark, Norway, and Singapore.
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; anticipated innovation and product development; and customer preferences, requirements and expectations. The actual results could differ materially. Factors that may cause such differences include, among others, those discussed in KVH's most recent annual report on Form 10-K filed with the SEC. KVH does not assume any obligation to update its forward-looking statements to reflect new information or developments.
KVH and TACNAV are registered trademarks of KVH Industries, Inc.
CONTACT: Chris Watson KVH Industries 401-845-8138 firstname.lastname@example.org