| KVH Announces $8.3 Million in New Orders for Fiber Optic Gyro (FOG) Products and Services | Multiple customers for KVH precision FOGs include major manufacturers of remote weapons systemsMIDDLETOWN, R.I. , Jan. 16, 2018 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq:KVHI), announced today that it has received $5.8 million in product orders for precision fiber optic gyros (FOGs) from major remote weapons systems (RWS) manufacturers, and a FOG-related $2.5 million development contract from a U.S. defense prime contractor. KVH expects to recognize the majority of the contracts’ revenue during 2018.
The $5.8 million in FOG product orders include KVH’s single-axis DSP-3100, dual-axis DSP-1760, and dual-axis DSP-1750. KVH FOGs are designed for demanding stabilization and pointing applications where low drift, low noise, and high bandwidth are critical performance attributes. The characteristics of KVH’s solid state, robust FOG products include exceptional bias stability, scale factor linearity, and excellent reliability.
In addition to the above orders from RWS manufacturers, KVH also received an engineering and services development contract from a major U.S. defense prime contractor. This $2.5 million effort is to enhance KVH’s existing three-axis DSP-1760 FOG for use in a surveillance system. Work has already begun, and is expected to conclude in the third quarter of 2018.
“These new orders emphasize the value of our patented FOG technology and the proven performance of KVH FOG products in a wide range of defense and commercial applications,” says Jay Napoli, KVH vice president for FOG/OEM sales.
KVH offers an entire line of FOGs and FOG-based inertial systems that are utilized in cutting-edge applications including sensor fusion-based navigation, guidance, stabilization, and positioning solutions. KVH FOGs are in use in production programs for a wide range of commercial applications, including underwater unmanned vehicle navigation, rail/track geometry measurement systems, land-based street mapping platforms, and air, land, and maritime autonomous platforms. KVH FOGs and FOG-based IMUs are also in use in numerous prototype and development programs for autonomous cars.
Note to Editors: For more information about the DSP-3100, the DSP-1760, the DSP-1750, and KVH’s entire line of FOGs, inertial measurement units, and inertial navigation systems, visit KVH’s “Guiding Intelligent Systems” website, kvh.com/unmanned. High-resolution images are available at the KVH Press Room Image Library.
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