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Technology Stocks : KVH Industries, Inc.
KVHI 5.285-4.3%10:40 AM EST

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To: awecr2 who wrote (7014)7/25/2018 10:04:22 AM
From: WalterP   of 7249
 
Transpetro Selects KVH VSAT for Brazilian Tanker Connectivity

KVH’s global coverage, data speed, and complete connectivity solution were deciding factors

MIDDLETOWN, R.I., July 25, 2018 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI), is pleased to announce that Transpetro has chosen KVH VSAT connectivity after conducting a competitive process for selecting new connectivity services for the majority of its tankers. Brazilian-based Transpetro provides transportation for the state-owned Petrobras oil and gas company. Transpetro chose KVH’s TracPhone® V7-HTS satellite communications antenna system with a five-year airtime contract for 45 tankers, a combination of newbuilds and existing tankers. The installations will take place throughout the next 12 months in Brazil, where KVH’s subsidiary, KVH Brazil, has been in operation since 2011.

“We selected KVH for the global coverage and the data speed, which will enable us to improve operational efficiency and provide crew welfare,” says Jose Ricardo Esses, CIO of Transpetro. “Another deciding factor in choosing KVH VSAT was the ease of use in having one provider for the complete connectivity solution.”

KVH’s TracPhone V7-HTS is a 60 cm Ku-band satellite communications antenna designed for the mini-VSAT Broadbandsm network, which utilizes high-throughput satellite (HTS) technology. KVH’s mini-VSAT Broadband network provides global maritime coverage and the TracPhone V7-HTS delivers data speeds up to 10 Mbps download, and 3 Mbps upload. Each TracPhone V7-HTS includes a belowdecks Integrated CommBoxTM Modem (ICM), with built-in capability for onboard network management solutions.

“We are very pleased to be providing a complete connectivity solution for this important fleet in the Brazilian oil and gas industry,” says Ryan Smith, KVH’s director of global channel management. “With its superior data speed and global Ku-band coverage, KVH’s TracPhone V7-HTS is ideal for the tankers.
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