-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CHIjOjKlgUvG47yDBne2YMXADc6FscXdB5fCa+8ZvDt2j2EVNq5I2e0BGa5E2xxb GeFaHR/XkzXAWaM6DV1h9A== 0001193125-09-124097.txt : 20090603 0001193125-09-124097.hdr.sgml : 20090603 20090603134807 ACCESSION NUMBER: 0001193125-09-124097 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090603 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090603 DATE AS OF CHANGE: 20090603 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KVH INDUSTRIES INC \DE\ CENTRAL INDEX KEY: 0001007587 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 050420589 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-28082 FILM NUMBER: 09870731 BUSINESS ADDRESS: STREET 1: 50 ENTERPRISE CENTER CITY: MIDDLETOWN STATE: RI ZIP: 02842 BUSINESS PHONE: 4018473327 MAIL ADDRESS: STREET 1: 50 ENTERPRISE CENTER CITY: MIDDLETOWN STATE: RI ZIP: 02842 8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 3, 2009

 

 

KVH Industries, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Delaware   0-28082
(State or Other Jurisdiction of Incorporation)   (Commission File Number)

05-0420589

(IRS Employer

Identification No.)

 

50 Enterprise Center

Middletown, RI

  02842
(Address of Principal Executive Offices)   (Zip Code)

Registrant’s telephone number, including area code: (401) 847-3327

 

(Former Name or Former Address, if Changed Since Last Report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


ITEM 8.01. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

KVH Industries, Inc. (the Company or KVH) today announced that it has signed a multi-year agreement with SKY Perfect JSAT Corporation (also known as SP-JSAT) to lease satellite capacity on its JCSAT-1B and the new Intelsat-15 satellites. These satellites will provide mini-VSAT Broadband service coverage in Asia Pacific waters and in the Indian Ocean, respectively, starting late in the third quarter of 2009 and early in 2010, respectively. In addition, the companies will pursue hardware and mini-VSAT Broadband airtime sales in the Asia Pacific maritime market with SP-JSAT granted exclusive rights for sales to Japanese-flagged and Japanese-owned vessels while KVH will focus on all other vessels in the region.

A copy of the Company’s press release is attached hereto as Exhibit 99.1. The press release is incorporated by reference herein and the foregoing description of the press release is qualified in its entirety by reference to the attached exhibit.

 

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

 

  (d) Exhibits

 

   

Exhibit No.

  

Description

  99.1    June 3, 2009 press release entitled “KVH Announces Distribution Plan with SP-JSAT for mini-VSAT Broadband in Japan and New Coverage in Asia and Indian Ocean” (furnished pursuant to Item 8.01).

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

KVH INDUSTRIES, INC.

Date: June 3, 2009   BY:  

/s/ PATRICK J. SPRATT

   

Patrick J. Spratt

Chief Financial and Accounting Officer


EXHIBIT INDEX

 

Exhibit No.

  

Description

99.1    June 3, 2009 press release entitled “KVH Announces Distribution Plan with SP-JSAT for mini-VSAT Broadband in Japan and New Coverage in Asia and Indian Ocean”
EX-99.1 2 dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

FOR IMMEDIATE RELEASE

 

Contact:

   Chris Watson
   KVH Industries
   401-845-8138
   cwatson@kvh.com

KVH Announces Distribution Plan with SP-JSAT for mini-VSAT Broadband in Japan and New Coverage in Asia and Indian Ocean

KVH’s new mini-VSAT coverage area to support broadband Internet and VoIP telephone service for maritime and aeronautical applications

MIDDLETOWN, RI – June 3, 2009 – Taking its next major step toward offering global coverage of the mini-VSAT Broadbandsm service, KVH Industries, Inc., (Nasdaq: KVHI) today announced that it has signed a multi-year agreement with SKY Perfect JSAT Corporation (also known as SP-JSAT) to lease satellite capacity on its JCSAT-1B and the new Intelsat-15 satellites. These satellites will provide mini-VSAT Broadband service coverage in Asia Pacific waters and in the Indian Ocean, respectively, starting late in the third quarter of 2009 and early in 2010, respectively. In addition, the companies will pursue hardware and mini-VSAT Broadband airtime sales in the Asia Pacific maritime market with SP-JSAT granted exclusive rights for sales to Japanese-flagged and Japanese-owned vessels while KVH will focus on all other vessels in the region.

With the activation of mini-VSAT Broadband in Asian waters and in the Indian Ocean, commercial and leisure vessels will be able to circumnavigate the globe without leaving the mini-VSAT Broadband coverage area. In addition to providing service to the KVH mini-VSAT maritime system, the KVH and ViaSat Inc. (Nasdaq: VSAT) joint effort also expands network coverage to the ViaSat Yondersm mobile network for in-flight broadband to business and commercial aircraft.

“It is an honor to be working with SP-JSAT to extend mini-VSAT Broadband coverage,” remarked Brent C. Bruun, KVH’s vice president of sales and business development. “With the addition of these new regions, our effort to provide affordable mobile Ku-band broadband connections worldwide remains on track and a strategic priority for the company. This expansion will also dramatically expand our ability to support the world’s commercial shipping market. In fact, 13 of the world’s 20 busiest ports in terms of cargo tonnage are within the new coverage areas, offering us significant new hardware and service sales opportunities.”

 


Mr. Mitsutoshi Akao, general manager of the Global & Mobile Business Division for SP-JSAT’s Satellite Business Group, commented on the value of the new agreement for both companies. “The collaboration of SP-JSAT and KVH promises the Asian shipping markets access to a versatile satellite communications service from KVH along with service coverage broadcast by our powerful satellite network and supported through our airtime sales channels. We look forward to working together with KVH Industries to expand the use of mini-VSAT Broadband and establish it as the new standard for global broadband service.”

The mini-VSAT Broadband service, along with the KVH TracPhone® V7 antenna, comprise the first end-to-end 24-inch VSAT hardware, service, and support package available for maritime communications. Together, KVH and ViaSat are already offering Voice over IP phone service and Internet access as fast as 512 Kbps (upload) and 2 Mbps (download) at fixed monthly rates to mariners throughout North America, the Caribbean, the North Atlantic, Europe, the Northern Pacific, and the Persian Gulf.

Maps illustrating the current and planned coverage for mini-VSAT Broadband service are available at http://kvh.com/footprints. Visit http://www.minivsat.com for additional details regarding the TracPhone V7 and mini-VSAT Broadband service.

Note to Editors: Press-ready images of KVH’s TracPhone V7 are available at http://press.kvh.com for download and editorial use.

About SKY Perfect JSAT Corporation

SKY Perfect JSAT Corporation (www.sptvjsat.com/en/) is a leader in the converging fields of broadcasting and communications. It is Asia’s largest satellite operator with a fleet of 12 satellites, and Japan’s only provider of both multi-channel pay TV broadcasting and satellite communications services. SKY Perfect JSAT delivers a broad range of entertainment through the SKY PerfecTV! SKY PerfecTV! e2 and SKY PerfecTV! HIKARI platforms, the most extensive in Japan with a total of 3.7 million subscribers. In addition, SKY Perfect JSAT’s satellite communications services, which cover Japan and the rest of Asia, as well as Oceania, Hawaii and North America, play a vital role in supporting safety, security and convenience for society as a whole.

About KVH Industries, Inc.

Middletown, RI-based KVH Industries, Inc. (www.kvh.com), and its wholly owned subsidiary, KVH Europe A/S, are leading providers 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. 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.

This release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements include, for example, the service rollout plans, the functionality, characteristics, quality and performance of KVH’s products and technology; anticipated innovation and product development; and customer demand, preferences, requirements and expectations. The actual results could differ materially. Factors that may cause such differences include, among others, the successful launch and deployment of new satellites; uncertainty about the scope of customer demand; the potential inability to secure the licenses necessary for the network; risks associated with the delivery or performance of critical hardware; future decisions about the expected profitability of additional satellite regions; changes in the costs and capabilities of competing offerings; and those other risk factors 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. “mini-VSAT Broadband” is a service mark of KVH Industries. All other trademarks are the property of their respective companies.

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