KVH Industries Opens Office in Japan as Customer Base Expands in Region
Tokyo, Japan, is the Newest Global Location for the Middletown, RI-Based
MIDDLETOWN, R.I., Nov. 5, 2012 (GLOBE NEWSWIRE) -- KVH Industries, Inc.,
(Nasdaq:KVHI) has opened an office in Tokyo to further strengthen KVH's
position in the market and to provide additional support to its Japanese
partners. The opening of the KVH Industries Japan Co., Ltd., office reflects
the growing market in Japan for KVH's maritime satellite communications
solutions, which include the mini-VSAT Broadband^sm service – the world's
leading maritime VSAT choice – and the award-winning TracPhone^® satellite
KVH Industries' Japanese partners include SKY Perfect JSAT Corporation, which
provides the mini-VSAT Broadband service under the OceanBB brand name, as well
as Furuno Electric Co., Ltd., and Japan Radio Co. Ltd., which provide and
install KVH TracPhone communications systems.
The company is also pleased to name Mr. Yoshito Yamane as the Country Manager
and Representative Director for KVH Industries Japan Co., Ltd. Mr. Yamane has
collaborated with KVH Industries for the past three years as a sales
consultant, developing relationships with KVH Industries' Japanese partners.
Mr. Yamane's prior work experience includes directing Stratecht Inc., a
communications technology firm specializing in improving vessel operational
efficiencies, performing IT planning and management for Tsuneishi
Shipbuilding, and doing computer software product management for Microsoft
Corporation. He holds a Ph.D. in Computer Science from the University of
"We are extremely excited about opening our KVH Japan office, which represents
a significant step forward in enabling further market penetration for our
services and products in Japan," said Brent C. Bruun, Senior Vice President of
Global Sales and Business Development at KVH Industries. "We are particularly
pleased to have Mr. Yoshito Yamane as our Japanese country manager. He has
vast experience in the maritime industry and is extremely knowledgeable about
KVH products, services, and technology."
KVH Industries' business interests in the region have grown steadily in recent
years. Since 2009, KVH Industries has provided mini-VSAT Broadband service
coverage in Asia Pacific waters and in the Indian Ocean through a
satellite-capacity leasing arrangement with SKY Perfect JSAT.
In 2011, MOL LNG Transport Co., Ltd., a subsidiary of Mitsui O.S.K. Lines, one
of Japan's leading shipping companies, signed a contract to add KVH's
award-winning TracPhone V7 satellite communications systems to selected LNG
tankers. The systems use KVH's global mini-VSAT Broadband service under the
OceanBB brand name.
In 2012, following extensive onboard tests of maritime communications systems,
Tokyo-based Nippon Yusen Kaisha (NYK Line), the largest shipping company in
Japan, chose KVH's TracPhone V7 satellite communications systems and mini-VSAT
Broadband service, under the OceanBB brand name, for selected containerships.
NYK's fleet includes containerships, Pure Car Truck Carriers (PCTCs), dry bulk
carriers, crude oil tankers, and LNG tankers, more than 100 of which will be
equipped with broadband service to support NYK's IBIS (Innovative Bunker and
Idle-time Saving) project with real-time communications between ships and
staff on shore.
Japan's maritime shipping industry has experienced a boom in recent years due
to improved shipping rates and increased demand for goods throughout Asia.
Japan ranks second in the world in the amount of deadweight tonnage it
controls as a percentage of the world's fleet, according to the United Nations
Conference on Trade and Development's "Review of Maritime Transport 2011." In
addition, Tokyo is one of the world's busiest ports for container traffic. KVH
Industries also has offices in other centers of the global commercial maritime
industry, including Singapore, Denmark, and Norway.
Visit kvh.com for more information about KVH's mini-VSAT Broadband service and
TracPhone satellite antenna systems for the commercial maritime industry.
About KVH Industries, Inc.
KVH Industries, Inc., is the leading provider of in-motion satellite TV and
communications systems, having designed, manufactured, and sold more than
150,000 mobile satellite antennas for applications on vessels, vehicles, and
aircraft. In March 2012, Euroconsult reported that KVH was the market share
leader in global maritime VSAT. KVH's mission is to connect mobile customers
around the globe with the same digital television entertainment,
communications, and Internet services that they enjoy in their homes and
offices. The company is based in Middletown, RI, with facilities in Illinois,
Denmark, Norway, Singapore, and Japan.
This release may contain certain forward-looking statements that involve risks
and uncertainties. This release may contain certain forward-looking statements
that involve risks and uncertainties. Forward-looking statements include, for
example, the functionality, characteristics, quality and performance of KVH's
products and technology; anticipated innovation and product development; and
customer preferences, requirements and expectations. The actual results could
differ materially. Factors that may cause such differences include, among
others, those discussed in KVH's most recent Form 10-Q filed with the SEC. KVH
does not assume any obligation to update its forward-looking statements to
reflect new information or developments.
KVH and TracPhone are registered trademarks of KVH Industries, Inc. "mini-VSAT
Broadband" is a service mark of KVH Industries, Inc. All other trademarks are
the property of their respective companies.
CONTACT: Jill Connors
KVH Industries, Inc.
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