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Global Ship Manager Nordic Hamburg Selects KVH AgilePlans Program for VSAT Connectivity on its VesselsMIDDLETOWN, R.I., June 19, 2018 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq:KVHI), announced today that global ship manager Nordic Hamburg has chosen KVH’s new advanced TracPhone® V7-HTS antenna equipment and the AgilePlansTM subscription-based Connectivity as a Service (CaaS) program to bring fast, global connectivity to its vessels. Installations for 13 vessels have been completed, with plans for an additional 12 through 2018. “The AgilePlans program provides the highest flexibility for our fleet and we were also attracted to KVH’s global coverage, CommBoxTM network management solutions, fast data speed, and the great crew welfare services that are included,” says Jacobus Varossieau, operations & insurance manager for Nordic Hamburg. “We are very pleased to have found a solution that enables us to offer our customers exceptional value and connectivity. This applies to both our operational efficiency as well as offering our valued crew fast, effective, and reliable communications. In addition, KVH has provided excellent ongoing support and we now have a service that helps us future-proof our shipboard communications in line with today’s digital demands.” KVH is a mobile tech innovator that provides connectivity solutions for commercial maritime, leisure marine, and land mobile applications on vessels and vehicles, including the award-winning TracPhone and TracVision® product lines, the global mini-VSAT Broadband network, and AgilePlans Connectivity as a Service (CaaS). The company’s Videotel™ business is a market-leading provider of training films, computer-based training, and eLearning for the maritime industry, and its KVH Media Group provides news, sports, and entertainment content with such brands as NEWSlink and SPORTSlink™. For more information about KVH’s subscription-based connectivity solution for commercial maritime fleets, please visit the AgilePlans website, kvh.com/agileplans. About KVH Industries, Inc. This press release contains forward-looking statements that involve risks and uncertainties. For example, forward-looking statements include statements regarding the success of our new initiatives; our anticipated revenue and the impact of our future initiatives on revenue; competitive positioning, profitability and service orders; expected data speeds over our network and the expected level of coverage availability. Actual results could differ materially from the forward-looking statements made in this press release. Factors that might cause these differences include, but are not limited to: the uncertain duration of the adverse impact on our overall revenues of our AgilePlans, under which we recognize no revenues for product sales, either at the time of shipment or over the contract term; delays in the receipt of anticipated AgilePlans service orders; the potential failure of such AgilePlans orders to occur at all and the customer’s ability to cancel AgilePlans anytime; increased costs arising from the new HTS network; potential levels of customer demand for data services beyond our current expectations, which could exceed system capabilities in certain regions; and potential unforeseen costs or expenses of providing the products and services included in AgilePlans. Our risk factors are discussed in more detail in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 2, 2018. Copies are available through our Investor Relations department and website, investors.kvh.com. We do not assume any obligation to update our forward-looking statements to reflect new information and developments. KVH Industries, Inc. has used, registered, or applied to register its trademarks in the U.S.A. and other countries around the world, including but not limited to the following marks: KVH, TracPhone, AgilePlans, CommBox, NEWSlink, IP-MobileCast, mini-VSAT Broadband, TracVision, Videotel, and SPORTSlink. All other trademarks are the property of their respective companies. For further information, please contact: |