BW Lord – one of the vessels in the BW Group
Agreement covers 102 total vessels utilizing KVH’s TracPhone® HTS systems
MIDDLETOWN, RI – January 9, 2020 – KVH Industries, Inc., (Nasdaq: KVHI), announced today that BW Group, one of the world’s leading maritime groups in the tanker, gas, and offshore segments, has signed a new contract to continue KVH VSAT services for at least five years and is upgrading 102 vessels to utilize KVH’s mini-VSAT BroadbandSM HTS network for advanced satellite communications. BW Group first chose KVH in 2013 to provide satellite connectivity for a portion of its fleet and since that time has rolled out KVH VSAT systems on additional vessels. The vessel migration is expected to be completed by the third quarter of 2020.