I sure hope KVH wasn't down today because of this news release, from biz.yahoo.com :
comment - I read this after having read the annual report, while thinking about the following objective of KVH - As bandwidth demands increase, KVH's products are positioned to address these requirements via mobile satellite links for voice, fax, video and high-speed Internet access. If KVH can provide a cost-effective, high speed, wireless Internet access, then this will be one exciting stock to own.
News Corp Executive Vice President to Join KVH Board of Directors
MIDDLETOWN, RI, April 22 /PRNewswire/ -- (Nasdaq:KVHI - news) Stan Honey, pioneer of digital navigation and satellite systems, has agreed to serve on the KVH Industries Board of Directors. Honey has been nominated for election to the Board at the company's annual meeting on May 7, 1997. If elected, Honey will replace board member Michael Schiavo, whose term is expiring.
Honey is currently the Executive Vice President, Technology of the News Technology Group; a division of Rupert Murdoch's News Corporation. There, he is coordinating the development of the set-top boxes for News Corporation's broadcasters. Previously, Honey invented the FoxTrax electronic hockey puck video enhancement system for News Corp's Fox television broadcasts of the National Hockey League.
In 1983, Honey founded Etak Inc., manufacturer of digital navigation systems for automobiles and leading provider of digital street map data; Etak is now owned by Sony Corp. Previously, Honey worked as a Research Engineer at SRI International in the fields of over-the-Horizon-Radar and underwater instrumentation.
``I'm pleased we've been able to attract people of this caliber to our Board. Honey's expertise in navigation and satellite equipment will undoubtedly make a strong contribution. His background dovetails perfectly with our future plans to integrate satellite communications and navigation equipment,'' said Martin Kits van Heyningen, Chief Executive Officer and President of KVH Industries, Inc.
Honey holds a bachelor of science degree from Yale University and a master of science from Stanford University.
KVH Industries produces digital navigation systems and mobile satellite communications products for use in commercial, military and marine applications. Based on advanced sensor technology, KVH products precisely measure the direction and orientation of moving platforms, including vessels, vehicles and aircraft. KVH's stabilized satellite antennas enable mobile customers to use the most demanding high gain, high bandwidth geostationary satellite applications and emerging digital satellite links operating at high transmission frequencies (Ka band). As bandwidth demands increase, KVH's products are positioned to address these requirements via mobile satellite links for voice, fax, video and high-speed Internet access. |
