KVH Industries launched TracNet Coastal and Coastal Pro terminals, providing advanced cellular/Wi-Fi connectivity for maritime applications.
Quiver AI Summary
KVH Industries, Inc. has announced the launch of its TracNet Coastal and TracNet Coastal Pro terminals, enhancing its maritime connectivity offerings with a hybrid cellular/Wi-Fi system designed for use in 135 countries. These systems utilize KVH Fusion eSIM technology to provide high performance, with cellular speeds reaching up to 300 Mbps and costs as low as $1 per gigabyte. TracNet Coastal can operate as a standalone system or enhance existing VSAT and LEO services, featuring intelligent hybrid switching that allows vessels to seamlessly switch to local marina Wi-Fi when available. The terminals are designed for easy installation and provide flexible connectivity options, supporting multiple WAN connections. KVH aims to meet the increasing demand for reliable, high-speed connectivity for both business and leisure purposes on the water.
Potential Positives
- Introduction of TracNet Coastal and TracNet Coastal Pro terminals expands KVH Industries' maritime product portfolio, enhancing their competitive edge in the connectivity market.
- The TracNet Coastal system utilizes KVH Fusion eSIM technology, providing seamless connectivity in 135 countries, which significantly improves customer convenience and service reliability.
- TracNet Coastal boasts high-performance capabilities with cellular speeds up to 300 Mbps and low data costs, catering to increasing customer demands for efficient communication while at sea.
- The system’s intelligent hybrid switching and integration capabilities with existing networks offer customers flexibility and cost savings, particularly in optimizing data usage while in port.
Potential Negatives
- Press release lacks tangible details on pricing, rollout timeline, or availability for the new products, potentially leading to uncertainty among investors and customers.
- Absence of customer testimonials or case studies to support claims made about the products' performance and reliability may undermine credibility.
- Competition in the maritime connectivity industry is fierce; the announcement does not address how KVH plans to differentiate its offerings from existing competitors, raising concerns about market positioning.
FAQ
What is the TracNet Coastal system?
The TracNet Coastal system is a high-performance, cellular/Wi-Fi solution for maritime connectivity utilizing KVH's exclusive Fusion eSIM technology.
In how many countries does TracNet Coastal provide connectivity?
TracNet Coastal offers connectivity in 135 countries, making it a versatile option for marine communication.
What are the benefits of using TracNet Coastal?
Benefits include cellular speeds up to 300 Mbps, low data costs, and seamless switching between Wi-Fi and cellular networks.
How does the installation of TracNet Coastal work?
TracNet Coastal features a marinized design with a single cable and optional mounting brackets for quick and straightforward installation.
What is KVH's Fusion eSIM technology?
KVH's Fusion eSIM technology enables automatic provisioning of cellular services and smart switching based on location for seamless global connectivity.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$KVHI Insider Trading Activity
$KVHI insiders have traded $KVHI stock on the open market 13 times in the past 6 months. Of those trades, 8 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $KVHI stock by insiders over the last 6 months:
- BRADLEY LOUIS RADOFF has traded it 7 times. They made 7 purchases, buying 462,832 shares and 0 sales.
- BRENT C BRUUN (CEO) has traded it 3 times. They made 0 purchases and 3 sales, selling 5,590 shares.
- STEPHEN H DECKOFF purchased 50,200 shares.
- FELISE FEINGOLD (SVP General Counsel) has traded it 2 times. They made 0 purchases and 2 sales, selling 3,289 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$KVHI Hedge Fund Activity
We have seen 19 institutional investors add shares of $KVHI stock to their portfolio, and 64 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- KENNEDY CAPITAL MANAGEMENT LLC removed 206,734 shares (-100.0%) from their portfolio in Q3 2024
- AMH EQUITY LTD removed 144,100 shares (-100.0%) from their portfolio in Q3 2024
- TWIN FOCUS CAPITAL PARTNERS, LLC removed 111,446 shares (-100.0%) from their portfolio in Q2 2024
- NORTHERN TRUST CORP removed 102,982 shares (-61.8%) from their portfolio in Q3 2024
- NEEDHAM INVESTMENT MANAGEMENT LLC removed 100,000 shares (-7.2%) from their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC removed 99,507 shares (-73.6%) from their portfolio in Q3 2024
- MORGAN STANLEY removed 79,114 shares (-58.6%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MIDDLETOWN, R.I., Dec. 03, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (Nasdaq: KVHI), today introduced its TracNet Coastal and TracNet Coastal Pro terminals, expanding its extensive multi-channel portfolio of maritime products and services with a cellular/Wi-Fi system. TracNet Coastal, which utilizes exclusive KVH Fusion eSIM technology, is a high-performance, single-cable, marine-grade cellular/Wi-Fi solution offering connectivity in 135 countries. In addition to serving as a standalone hybrid communication system, TracNet Coastal is ideal for a hybrid enhancement when coupled with VSAT and low earth orbit (LEO) services.
“The demand for faster, more reliable connectivity is growing for business and personal communications at sea, including the expectation of a home streaming experience onboard,” says Chad Impey, KVH’s Senior Vice President of Sales and Global Support. “TracNet Coastal delivers cellular speeds as fast as 300 Mbps down and data costs as low as $1 per gigabyte. In addition, TracNet Coastal’s high-gain Wi-Fi bridge in the antenna enables vessels to benefit from the speed and often zero cost of Wi-Fi in port or the marina. As a result, TracNet Coastal is an easy upgrade or backup to current onboard LEO solutions and a powerful standalone alternative.”
TracNet Coastal provides multi-channel connectivity with its integrated cellular/Wi-Fi system and intelligent hybrid switching. This technology allows customers to save data by automatically switching to the marina Wi-Fi network when the vessel is in port. It can create a versatile, intelligent hybrid network with easy integration with additional WAN connections such as Starlink, OneWeb, the KVH ONE ® global HTS network, and others, using the TracNet Coastal Pro Hub or KVH CommBox ™ Edge Communications Gateway. The DC-powered marinized system features a single cable and optional unique mounting brackets, making installation quick and straightforward.
“The exclusive KVH Fusion eSIM gives us the ability to continuously deliver the best pricing, performance, and expanded coverage over the air, without customers ever needing to fumble with physical SIM cards,” explains James Tavares, KVH’s Senior Director, Engineering. “With this technology, TracNet Coastal can automatically provision an array of cellular services and intelligently switch among them based on geographic location or other parameters, delivering a truly maintenance-free and seamless global cellular service.”
TracNet Coastal is available in two configurations:
TracNet Coastal
- Highly affordable standalone, self-contained system
- Uses a belowdeck Power-over-Ethernet injector
- High-gain 5G/LTE antennas and a high-performance Wi-Fi bridge in a compact radome, with intelligent hybrid switching between each
- Supports Wi-Fi calling via supported phones, provided an external Wi-Fi network is connected
TracNet Coastal Pro
- The more advanced system employs the same above-deck antenna unit with added features to support standalone use and operate as the hybrid hub for additional WANs
- The DC-powered TracNet Hub delivers intelligent hybrid switching between 5G, Wi-Fi, and up to two additional alternative networks, such as Starlink, OneWeb, VSAT, Iridium, or others
- Belowdeck Wi-Fi and Ethernet router for onboard networking
- Native support for Wi-Fi calling via supported phones
- Includes two slots for user-supplied SIM cards, providing exceptional flexibility
“TracNet Coastal and TracNet Coastal Pro offer powerful solutions for marinas and coastal waters,” Impey concludes. “They are designed for those looking to enhance their current connectivity solutions or to upgrade to a faster, more reliable experience on coastal waters and in port.”
Note to Editors: For more information about TracNet Coastal, please visit https://www.kvh.com/coastal. High-resolution images of KVH products are available at the KVH Press Room Image Library: https://www.kvh.com/imagelibrary.
About KVH Industries, Inc.
KVH Industries, Inc. is a global leader in maritime and mobile connectivity delivered via the KVH ONE network. The company, founded in 1982, is based in Middletown, RI, with research, development, and manufacturing operations in Middletown, RI, and more than a dozen offices around the globe. KVH provides connectivity solutions for commercial maritime, leisure marine, military/government, and land mobile applications on vessels and vehicles, including the TracNet, TracPhone ® , and TracVision ® product lines, the KVH ONE OpenNet Program for non-KVH antennas, AgilePlans ® Connectivity as a Service (CaaS), and the KVH Link crew wellbeing content service.
KVH Industries, Inc., has used, registered, or applied to register its trademarks in the USA and other countries around the world, including but not limited to the following marks: KVH, KVH ONE, TracVision, TracPhone, TracNet, CommBox, and AgilePlans. Other trademarks are the property of their respective companies.
For further information, please contact:
Chris Watson
Vice President, Marketing & Communications
KVH Industries, Inc.
Tel: +1 401 845 2441
[email protected]
