KVH Announces $3.8 M in New Orders for FOGs

Orders for new KVH FOGs include $2.9 million for use in remote weapon stations and $0.9 million for integration in continuous navigation systems (Middletown, RI., April 7, 2009) -- KVH Industries, Inc., (Nasdaq: KVHI) announced today that it has received a total of $3.8 million in new orders for its precision fiber optic gyro (FOG) systems. A total of $2.9 million in new orders was received for KVH's DSP-3100 FOGs from a major remote weapons station manufacturer. In addition, a $0.9 million order was placed for KVH's CNS-5000 continuous navigation system for use in commercial applications. "These new orders emphasize the growing strategic value of our fiber optic gyro technology to KVH's long-term growth," said Jay Napoli, KVH's vice president of sales for FOG and OEM products. "Thanks to our digital signal processing technology and end-to-end control of our FOG development and manufacturing process, we are able to offer military and commercial systems integrators an outstanding combination of precision performance, field-proven reliability, and affordability." 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.

Source: KVH Industries Inc.
Date: Apr 8, 2009