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Global Ship Manager E.R. Schiffahrt Chooses KVH HTS Systems and AgilePlans for Vessel ConnectivityMIDDLETOWN, R.I., Feb. 08, 2018 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq:KVHI), announced today that global ship manager E.R. Schiffahrt 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 container and dry bulk vessels. Installations for the first 11 vessels have begun, with plans for a total of up to 60 vessels throughout 2018. “We chose KVH for the fast data speed, the reliable data management, the global coverage, and our experience with KVH as a trusted and proven professional service provider,” says Christoph Werner, director of marine & quality for E.R. Schiffahrt, which is based in Hamburg, Germany. “We see the very nature and flexibility of KVH’s AgilePlans program as a great benefit to our business.” The AgilePlans program provides equipment and airtime for one monthly airtime fee, with no commitment; installation at select ports and maintenance costs are included. KVH, a mobile tech innovator, designed the TracPhone V7-HTS for the mini-VSAT Broadbandsm network, which recently added high throughout satellite (HTS) capacity. The 60-cm TracPhone V7-HTS provides download speeds of up to 10 Mbps and upload speeds of 3 Mbps, enabling vessels to benefit from marine applications designed to improve operational efficiency. In addition to including installation and technical support, onboard hardware, and high-speed airtime, the AgilePlans monthly fee also includes the IP-MobileCastTM content delivery service for daily NEWSlink content for crew welfare; a package of 20 Videotel maritime training videos; delivery of chart and weather updates via CHARTlinkTM and FORECASTlinkTM; and real-time vessel tracking. Note to Editors: For more information about KVH’s Connectivity as a Service (CaaS) offering, please see the AgilePlans website. High-resolution images of KVH products are available at the KVH Press Room Image Library. 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 new 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 new AgilePlans model, 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; unanticipated technical and other challenges that arise during the launch of the new system and service; potential levels of customer demand for data services beyond our current expectations, which could exceed system capabilities in certain regions; competition for satellite capacity, which over time could increase our costs and decrease service availability; and potential unforeseen costs or expenses of providing the products and services included in AgilePlans subscriptions. These and other factors are discussed in more detail in KVH’s most recent Form 10-Q filed with the SEC on November 2, 2017. Copies are available through its Investor Relations department and website, http://investors.kvh.com. KVH does not assume any obligation to update its forward-looking statements to reflect new information and developments. KVH, TracPhone, AgilePlans, CommBox, NEWSlink, Videotel, mini-VSAT, IP-MobileCast, CHARTlink, and FORECASTlink are trademarks of KVH Industries, Inc. mini-VSAT Broadband is a service mark of KVH Industries, Inc. For further information, please contact: |