Here is the complete announcement:
KVH Wins $3.3 Million Contract from Canadian Army for Digital Navigation System for
Armored Personnel Carriers
PR Newswire, Thursday, February 06, 1997 at 16:34
MIDDLETOWN, R.I., Feb. 6 /PRNewswire/ -- KVH Industries, Inc.
(Nasdaq: KVHI), a leading manufacturer of integrated digital navigation and
satellite communication equipment, announces the award of a $3.3 million
contract to manufacture TACNAV navigation systems for the Canadian armored
personnel carriers.
"This contract is an important win for KVH, providing a continuity in
business beyond the year 2000," said Martin Kits van Heyningen, CEO and
President. "This latest contract signifies a solid endorsement for KVH's
TACNAV in a highly competitive environment." This contract comes on the heels
of the completion of a previous $2.6 million contract with the Canadian Army
for TACNAV systems for light armored reconnaissance vehicles.
TACNAV is a low-cost, digital compass-based navigation system that can be
integrated with a global positioning system (GPS) receiver to provide armored
vehicle crews and commanders with superior orientation information. TACNAV
also enables crew members to maneuver and locate targets rapidly and
accurately. Moreover, TACNAV offers compass accuracy aboard steel-plated
armored vehicles. In the past, compasses could not be used aboard armored
vehicles because the surrounding metal would interfere with compass accuracy.
TACNAV navigation systems are currently used throughout the world on
armored vehicle fleets in Sweden, Canada and the Middle East, as military
organizations strive to comply with the new digital battlefield initiatives.
These initiatives focus on pinpointing strategic operations via high-speed
digital data relayed from the battlefield to the command post.
KVH Industries develops, manufactures, and markets digital navigation
systems and mobile satellite communications systems for use in commercial,
military, and marine applications. The Company's Active Stabilized Antenna
Pedestal (ASAP) provides mobile users with an "on the move" link to
communications satellites, such as those of INMARSAT, AMSC, and the new Direct
Broadcast Satellite (DBS) television systems. The Company's navigation
products combine proprietary direction and orientation sensors with inputs
from GPS, odometers, and other instruments to provide integrated navigation
information for military, marine and OEM customers. |
