KVH Receives $2 M for TACNAV II Military Navigation Systems

(Middletown, R.I., May 14, 2010) -- KVH Industries, Inc., (Nasdaq: KVHI) announced today that it has received a $2 million order for its TACNAV(r) II tactical navigation system for use by an international customer. Shipment of this order is expected to begin in the second quarter of 2011 and conclude in early 2014. "KVH's TACNAV II tactical navigation system is an important tool for navigation and coordination of vehicles operating in critical military situations," explains Dan Conway, KVH's vice president of business development. "The system is crucial to keeping soldiers safe and out of harm's way, serving as a resource for navigation, battle management, and even as a backup to GPS. This order reaffirms the value of KVH's TACNAV products in the international market, and adds to our steady foundation of revenue for the coming years." The TACNAV II tactical navigation system is an easy-to-integrate, affordable solution for battle management and weapon systems. Ideal for virtually any platform, the system offers a compact design, continuous heading and pointing data output, and a flexible architecture that allows it to function as either a standalone navigation module or as the heart of an expanded, multifunctional TACNAV system. With its precision fiber optic gyro (FOG) and an optional compass sensor providing a complete backup to GPS, the TACNAV II can integrate with a host of applications, including navigation and data consolidation for Battle Management Systems (BMS).

Source: KVH Industries Inc.
Date: May 17, 2010