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KVH Industries Inc (KVHI) provides cutting-edge satellite communications and connectivity solutions for maritime, land, and air applications worldwide. This page serves as the definitive source for all official company announcements, offering investors and industry professionals timely access to strategic developments.
Track critical updates including earnings reports, product launches, and technology partnerships that shape KVHI's role in mobile broadband, defense navigation, and hybrid satellite networks. Our curated feed ensures you stay informed about innovations like LEO integration and global service expansions.
Discover press releases covering KVHI's maritime connectivity solutions, inertial navigation systems, and media content licensing. All content is sourced directly from the company to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to KVH Industries' latest milestones, ensuring you never miss developments in satellite communications or operational strategy.
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.
KVH linkHUB has been successfully launched on 12 oil tankers by V.Ships Norway, providing licensed digital entertainment content to enhance seafarer well-being. Following a trial on one tanker, the service received positive feedback, leading to a fleet-wide rollout. The linkHUB offers access to a library of movies and TV shows without requiring an internet connection, improving access across living spaces on vessels. This initiative aligns with growing demands for crew entertainment solutions, particularly during the pandemic.
KVH Industries (Nasdaq: KVHI) issued a shareholder letter ahead of its June 17, 2021 annual meeting. The company reported a 16% revenue increase in Q1 year-over-year and a 73% stock price rise over the past year, outperforming major indices. KVH nominated two independent director candidates, Cielo Hernandez and Cathy-Ann Martine-Dolecki, for board positions, emphasizing their relevant industry experience. In contrast, they criticized nominees from activist investor VIEX Capital, citing past underperformance and breaches of fiduciary duty by VIEX's founder.
KVH Industries announced record shipments of over 500 VSAT satellite communications systems in Q1 2021, continuing its leadership as the #1 maritime VSAT provider by units. This marks the second consecutive quarter of record shipments, with a total of over 12,500 units shipped since the introduction of its mini-VSAT Broadband network in 2007. The maritime industry is increasingly adopting VSAT technology for enhanced connectivity and efficiency, transitioning from older systems. KVH is also noted as a market share leader in maritime VSAT as of the end of 2020.
