Corporate Profile for KVH Industries, dated May 5, 2000.Business Editors --(BUSINESS WIRE) The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: May 5, 2000
Company Name: KVH Industries, Inc.
Address: 50 Enterprise Center
Middletown, RI 02842
Main Telephone
Number: 401-847-3327
Internet URL: www.kvh.com
Chief Executive
Officer: Martin A. Kits van Heyningen
Chief Financial
Officer: Richard C. Forsyth
Investor
Relations
Contact: Alice E. Andrews
IR Telephone
Number: 401-847-3327, x3397
IR E-mail: aandrews@kvh.com
Public Relations
Contact: Alice E. Andrews
PR Telephone
Number: 401-847-3327, x3397
PR E-mail: aandrews@kvh.com
Industry: Satellite Communications, Military Navigation, Fiber
Optics
Public Company: yes
Exchange and
symbol: NASDAQ:KVHI
Market Makers: Knight Securities, Herzog, Heine Geduld, Schwab
Capital Markets, Sherwood Securities, Spear,
Leeds & Kellogg, Adkins Securities, Island System
Corp., Instinet Corp., Archipelago LLC
Company Description: Since its founding in 1982, KVH Industries KVH Industries Incorporated is an electronics firm based in Middletown, Rhode Island. The company produces electronic compasses, fiber optic gyroscopes, and control systems for satellite dishes. External Links
In the satellite communications industry communications industry, broadly defined, the business of conveying information. Although communication by means of symbols and gestures dates to the beginning of human history, the term generally refers to mass communications. , KVH KVH Keith Van Horn (basketball player) KvH Katrina vanden Heuvel (editor; The Nation) is a leading, international provider of mobile systems. The company's TracVision satellite antenna systems for mobile digital television and Internet reception dominate the recreational vehicle and motor coach market in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , and have a strong presence in the marine markets of North America and Europe. KVH Tracphone satellite telephone systems interface with the Inmarsat mini-M satellite constellation A group of electronic satellites working in concert is known as a satellite constellation. Such a constellation can be considered to be a number of satellites with coordinated ground coverage, operating together under shared control, synchronised so that they overlap well in to deliver mobile two-way telephone, fax and data services throughout the world. KVH marine navigation systems A GPS-based electronic system in a car or truck that provides a real time map of the vehicle's current location as well as step-by-step directions to a programmed destination. See GPS and vehicle tracking. provide accurate heading and position data for pleasure and commercial vessels. For the armed forces, the company has combined heading and position features with targeting capabilities to create a navigation product line that covers the entire spectrum of military vehicles Military vehicles include all land combat and transportation vehicles, excluding rail-based, which are designed for or are in significant use by military forces. See also list of armoured fighting vehicles. around the world. Fiber optic products from KVH are being used to meet the growing demand for highly precise, cost-effective sensors in robotics, electrical current sensors and other OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and applications. KVH also has integrated its proprietary optical fiber technology into the company's military navigation systems and other products to further enhance their accuracy and durability. In fiscal 1999, the company had revenues of $23 million and a net loss of $2.7 million, primarily due to R&D investments and increased marketing expenses for new products. New products are increasing revenues and opening new markets, and the company expects to return to profitability in the second half of 2000. Stocks had a high of $10.25 and a low of $2.00 during the past 52 weeks. |
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