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KVH Partners with TechBinder for KVH Watch Maritime IoT SolutionMIDDLETOWN, R.I., Feb. 10, 2021 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI), announced today that IoT platform provider TechBinder has joined the KVH Watch® Solution Partner program and will offer the KVH Watch service as part of its suite of digital tools and services. These tools include Smart Vessel Optimizer, a platform that uses vessel data to optimize fleet performance by benchmarking ship performance, predicting and optimizing asset availability, performing emission reporting, and managing multiple facets of operational efficiency. “Smart Vessel Optimizer’s plug-and-play architecture for data analytics can be easily integrated with KVH Watch connectivity and we expect our customers will greatly benefit from our partnership with KVH,” says Bram van den Boom, managing partner of TechBinder. “Today, customers increasingly want a real-time visual of their vessels’ key performance indicators, so they need satellite communications as vessels are not within LTE reach all the time.” 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 Broadbandsm network, KVH Watch maritime IoT solutions, and AgilePlans® Connectivity as a Service (CaaS). The company’s KVH Media Group provides news, sports, and entertainment content with such brands as NEWSlink™ and SPORTSlink™. Note to Editors: For more information about the KVH Watch Solution Partner program, please visit kvh.com/watch. High-resolution images of KVH products are available at the KVH Press Room Image Library, kvh.com/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 expected competitive advantages of KVH Watch, the anticipated strategic relationship between TechBinder and KVH, the functionality, characteristics, quality, and performance of KVH’s and TechBinder’s products, services, and technology, as well as customer demand, preferences, requirements, and expectations. 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: unanticipated technical and other challenges that arise during beta testing and customer trials of the KVH Watch service; unanticipated technical, legal, and regulatory delays with the launch of the new services; delays in the receipt of anticipated orders for our KVH Watch service, or the potential failure of such orders to occur at all; potential future decisions by TechBinder to terminate or otherwise not expand orders for the KVH Watch service; customer response to KVH Watch; potential changes in market trends, competition and other developments affecting the buying patterns of end-users of maritime IoT solutions; and potential unforeseen costs or expenses of providing the products and services included in KVH Watch subscriptions. These and other factors are discussed in more detail in KVH’s Form 10-Q filed with the SEC on October 29, 2020. Copies are available through its Investor Relations department and website, https://ir.kvh.com. KVH does not assume any obligation to update 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, KVH Watch, TracPhone, TracVision, mini-VSAT Broadband, AgilePlans, NEWSlink, and SPORTSlink. All other trademarks are the property of their respective companies. For further information, please contact: |