Maritime VSAT market share leader’s unique value proposition provides a fully integrated communications solution for mariners
MIDDLETOWN, RI – October 24, 2019 – KVH Industries, Inc., (Nasdaq: KVHI), a leader in mobile connectivity, announced today that it has shipped its 10,000th VSAT satellite communications system. This is the latest milestone for a company whose history of innovation in the maritime satellite communications industry began in 2007, when KVH introduced the TracPhone® V7, the first maritime 60 cm VSAT terminal, and the mini-VSAT Broadbandsm service. Since that time, KVH has become the market share leader for maritime VSAT terminals (Source: Euroconsult, Prospects for Maritime SATCOM, 2019, market share VSAT units), and today KVH provides high-speed connectivity, voice service, IoT capabilities, and content to commercial vessels and leisure yachts around the world.
“We set out to make satellite communications reliable, cost effective, and more accessible to seafarers through innovations in technology, satellite services, and business models,” says Martin Kits van Heyningen, KVH chief executive officer. “The accelerating adoption of our TracPhone VSAT systems and connectivity delivered by our high-throughput satellite (HTS) network reflects the demand for the affordable airtime, fast data speeds, network security, IoT proactive monitoring, and value-added services that we deliver. The ability to offer a fully integrated solution, which we see as the KVH Advantage, is desirable both to leisure boaters who wish to remain connected to friends and family on shore as well as the commercial industry in which the connected ship is rapidly becoming a reality.”