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KVH Provides Global VSAT Connectivity to A.M. Nomikos Vessels and CrewMIDDLETOWN, R.I., Sept. 23, 2021 (GLOBE NEWSWIRE) -- KVH Industries, Inc., (Nasdaq: KVHI), announced today that leading Greek shipmanager A.M. Nomikos has chosen KVH AgilePlans® to provide VSAT connectivity for crew welfare and vessel operations. The expert technical team at Nova Electronics, KVH’s service partner in Greece, has installed TracPhone® V7-HTS antennas on three Nomikos vessels to date and is expected to continue the rollout of KVH’s AgilePlans service on additional vessels within the fleet in the coming months. “Crew welfare is very important to our company, and we expect the fast data speeds of the KVH systems and the reliable HTS network will be a great benefit to our seafarers and our shipping operations,” says Yiannis Sofianidis, IT Director for A.M. Nomikos. “The installation of the equipment was smooth and easy.” KVH’s HTS network utilizes Intelsat’s award-winning FlexMaritime service to deliver global multi-layered coverage, enabling vessels to see multiple HTS and wide beam satellites for maximum availability of broadband service. Note to Editors: For more information, please visit the KVH AgilePlans website, kvh.com/agileplans. High-resolution images of KVH products are available at the KVH Press Room Image Library, kvh.com/Press-Room/Image-Library. About A.M. Nomikos 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 strategic initiatives; our anticipated revenue and the impact of our future initiatives on revenue; competitive positioning and profitability; expected data speeds over our network and the expected level of coverage availability; and the services to be provided under agreement with Nomikos. The actual results we achieve could differ materially from the 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 at any time; increased costs arising from the 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. These and other factors are discussed in more detail in KVH’s Form 10-Q filed with the SEC on July 30, 2021. Copies are available through its Investor Relations department and website, investors.kvh.com. KVH does not assume any obligation to update its 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, AgilePlans, TracPhone, mini-VSAT Broadband, NEWSlink, KVH OneCare, TracVision, and SPORTSlink. All other trademarks are the property of their respective companies. For further information, please contact: |