Welcome to our dedicated page for KVH Industries news (Ticker: KVHI), a resource for investors and traders seeking the latest updates and insights on KVH Industries stock.
KVH Industries Inc. (Nasdaq: KVHI) is a leading provider of global high-speed internet, television, and voice services via satellite to mobile users at sea, on land, and in the air. Headquartered in Middletown, RI, and founded in 1982, KVH delivers connectivity solutions through its renowned product lines such as TracPhone® for satellite communications and TracVision® for satellite television systems.
KVH's core offerings include the global mini-VSAT Broadband network and the innovative KVH ONE™ hybrid network, which integrates Ku-band GEO services, low earth orbit (LEO) services, 5G/LTE cellular communications, and shore-based Wi-Fi. This integration ensures seamless connectivity and intelligent network management for commercial, leisure, and military vessels.
KVH also encompasses KVH Media Group and Videotel. KVH Media Group provides licensed news, entertainment, and training content for various sectors including maritime, business, retail, and hospitality. Videotel specializes in high-quality e-learning training materials and management software for the maritime industry.
KVH's commitment to cutting-edge technology is evident in its advanced sensors, inertial navigation systems, and fiber optic gyros catering to defense and commercial guidance applications. These innovations support the company's mission to connect mobile users with the services they need, no matter where they are.
Recently, KVH has made significant strides in strategic partnerships and technological advancements. The company renewed its satellite services contract with Intelsat for three years, enhancing network capacity and reducing service costs. Additionally, a new partnership with Kognitive Networks will enhance KVH's connectivity terminals with state-of-the-art network and bandwidth management tools.
In terms of financial health, KVH continues to generate revenues from international markets, primarily from Singapore, Canada, European Union countries, and other regions across Africa, Asia/Pacific, and the Middle East. The company is currently undergoing a strategic realignment to become a more agile, solutions-driven provider by winding down its hardware manufacturing operations and focusing on integrated multi-orbit, multi-channel connectivity and services.
Despite the changes, KVH remains dedicated to delivering excellent value-added solutions to its customers. The company's diverse offerings and robust global service infrastructure ensure it continues to lead in mobile connectivity and maritime VSAT sectors.
KVH Industries has partnered with StratumFive, a voyage informatics specialist, to enhance the KVH Watch connectivity service, aimed at improving data transmission from vessels to onshore experts. This collaboration will optimize vessel tracking, routing, safety, fuel consumption, and emissions monitoring. Through KVH Watch's high-speed satellite connectivity, StratumFive's Podium platform will facilitate real-time remote support and interventions, further advancing maritime operational efficiencies. This initiative aligns with increasing digitalization in the maritime sector.
KVH Industries has partnered with Anglo-Eastern to provide a special sports content subscription for their fleet during the European soccer championships and the Summer Games. The KVH NEWSlink service will deliver daily updates, including results, reports, and quizzes, to seafarers regardless of vessel satellite equipment. This initiative aims to enhance crew morale after challenging times due to the pandemic. The content is accessible via KVH’s KVH Link platform, which improves wellbeing by providing news and entertainment.
KVH Industries (Nasdaq: KVHI) has announced the preliminary results of its 2021 annual shareholder meeting, revealing that nominees Cielo Hernandez and Cathy-Ann Martine-Dolecki have been elected to the Board of Directors. This election is seen as a reflection of positive momentum and the effectiveness of the company's long-term strategy. While KVH expresses gratitude for shareholder engagement, it acknowledges the need for further efforts to enhance shareholder value. Final voting results will be reported after certification.
KVH Industries has launched the TracPhone LTE-1 Global marine communications system, enhancing Internet connectivity for recreational boaters and commercial mariners in over 150 countries.
Utilizing LTE Advanced technology, the system allows for connectivity up to 20 miles offshore and supports various applications like streaming and messaging.
With a compact design and easy installation, this new system aims to meet the growing demand for reliable mobile Internet solutions for a wide range of vessels.
The VIEX-led investor group has issued a statement criticizing KVH Industries' recent director candidate Q&A. They are seeking to elect their nominees, John Mutch and Eric Singer, to the Board at the Annual Meeting on June 17, 2021. The group claims that KVH's Q&A is misleading and designed to gain favor with institutional investors. They question the governance practices at KVH, highlighting excessive proxy fight expenses and familial ties within the company. VIEX emphasizes their nominees' qualifications and urges stockholders to vote using the white proxy card.
KVH Industries (Nasdaq: KVHI) announced a Q&A session with director nominees Cielo Hernandez and Cathy-Ann Martine-Dolecki ahead of its annual meeting on June 17, 2021. The nominees highlight their extensive industry experience, with Cielo emphasizing her maritime sector expertise and Cathy discussing her telecom background, both aiming to enhance KVH's growth and governance. KVH advocates for shareholders to support its nominees over the competing VIEX candidates, citing concerns about VIEX's nominees' track records and emphasizing the importance of continuity in KVH's positive momentum.
The VIEX-led investor group, holding nearly 10% of KVH’s outstanding stock, has issued a letter urging stockholders to elect their nominees, John Mutch and Eric Singer, to KVH’s Board during the upcoming Annual Meeting on June 17, 2021. They criticize the company's long-term poor financial performance under CEO Martin Kits van Heyningen and express concerns over wasted capital in a proxy fight. They emphasize the need for improved governance and accountability to counteract KVH's money-losing status quo and advocate for their nominees as a solution to the company's challenges.
KVH Industries has launched its KVH Elite unlimited VSAT streaming service for leisure yachts, available in eastern North America, Caribbean, and Mediterranean. Effective until September 30, 2021, the service will feature increased data speeds from July 2021, with downloads reaching up to 40 Mbps using the TracPhone V11-HTS. The service allows unlimited streaming access to HD content while at sea. KVH emphasizes growing demand for streaming in yachting, utilizing its mini-VSAT Broadband HTS network.
The Independent Directors of KVH Industries, Inc. (Nasdaq: KVHI) issued a letter to shareholders ahead of the June 17, 2021 annual meeting. The letter highlights a 66% total shareholder return over the past year and emphasizes the company's shift towards higher-margin revenue streams through innovative services. The directors expressed confidence in their nominees, Cielo Hernandez and Cathy-Ann Martine-Dolecki, while raising concerns over VIEX nominees, particularly Eric Singer, citing his fiduciary breach at PLX Technology Inc.
KVH Industries, Inc. (Nasdaq: KVHI) announced a letter from its Independent Directors ahead of the June 17, 2021, annual shareholder meeting. Key highlights include a 66% total shareholder return over the past year and a focus on innovative services aimed at higher-margin revenue. The Board expressed confidence in its nominees for the meeting, Cielo Hernandez and Cathy-Ann Martine-Dolecki, while raising concerns about VIEX's nominees due to past misconduct linked to one of them. The Board urges shareholders to support its candidates to maintain momentum.
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