KVH Announces $8.3 Million in New Orders for Fiber Optic Gyro (FOG) Products and Services
The
In addition to the above orders from RWS manufacturers, KVH also received an engineering and services development contract from a major U.S. defense prime contractor. This
“These new orders emphasize the value of our patented FOG technology and the proven performance of KVH FOG products in a wide range of defense and commercial applications,” says
KVH offers an entire line of FOGs and FOG-based inertial systems that are utilized in cutting-edge applications including sensor fusion-based navigation, guidance, stabilization, and positioning solutions. KVH FOGs are in use in production programs for a wide range of commercial applications, including underwater unmanned vehicle navigation, rail/track geometry measurement systems, land-based street mapping platforms, and air, land, and maritime autonomous platforms. KVH FOGs and FOG-based IMUs are also in use in numerous prototype and development programs for autonomous cars.
Note to Editors: For more information about the DSP-3100, the DSP-1760, the DSP-1750, and KVH’s entire line of FOGs, inertial measurement units, and inertial navigation systems, visit KVH’s “Guiding Intelligent Systems” website, kvh.com/unmanned. High-resolution images are available at the
About
This press release contains forward-looking statements that involve risks and uncertainties. For example, forward-looking statements include statements regarding our anticipated revenue and the impact of our future initiatives on revenue, competitive positioning, profitability, and product orders. 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: delays in the receipt of anticipated orders for our products and services, or the potential failure of such orders to occur at all; continued substantial fluctuations in defense sales, including to foreign customers; the unpredictability of defense budget priorities as well as the order timing, purchasing schedules, and priorities for defense products and services, including possible order cancellations; the uncertain impact of potential budget cuts by government customers; the need for, or delays in, qualification of products to customer or regulatory standards; export restrictions, delays in procuring export licenses, and other international risks. These and other factors are discussed in more detail in KVH’s most recent Form 10-Q filed with the
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