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SimiGon Limited   -  SIM   

Contract win

Released 07:00 19-Feb-2018

RNS Number : 0444F
SimiGon Limited
19 February 2018
 

19 February 2018

SimiGon Ltd

("SimiGon" or "the Company")

SimiGon receives follow-on FAA contract for UAS simulation software

Contract to provide additional software licenses and services for FAA UAS R&D

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that it has received a prime contract (the "Agreement") with the US Federal Aviation Administration (FAA) to deliver the Company's SIMbox simulation software, SIMbox simulation development tools, and engineering services for the FAA's Advanced Unmanned Aircraft System Research Simulator ("AURS"). 

This is a follow-on order from the original contract announced in September 2017 and is worth approximately $120,000 and has been factored into management's expectations for fiscal year 2018.

The AURS supports human factors research and safety research within the FAA's Aerospace Human Factors Research Division. SIMbox delivers the user interface for the operators in an aircraft simulation environment as well as a central repository for all components with the embedded configuration management capability. The system development kit will be used by the FAA to modify the various Unmanned Aircraft System ("UAS") components to conduct the relevant research activities.

SimiGon President and CEO, Ami Vizer, said: "We are very excited to continue working with the FAA to support the AURS for the US Government. This follow-on order shows the flexibility of SIMbox in supporting multiple domains, including civilian UAS aviation research, a fast growing market."

Enquiries:

 

SimiGon Ltd

 

Ami Vizer, Chief Executive Officer

+1 (407) 951 5548      

Efi Manea, Chief Financial Officer

 

 

 

finnCap (NOMAD & Broker)

+44 (0) 20 7220 0500

Henrik Persson/Scott Mathieson (corporate finance)

 

Stephen Norcross (corporate broking)

 

 

 

 

About SimiGon

SimiGon (AIM: SIM) is a leading developer and supplier of distributed simulation solutions for defence and civilian applications. SimiGon is the creator of SIMbox, a leading PC-based platform for creating, managing and deploying simulation-based content across multiple domains. Through its off the-shelf training solutions for demanding high-skill occupations, SimiGon provides diverse organisations with faster and more cost-effective training. SimiGon's growing client base includes blue-chip training and simulation systems providers as well as air forces and commercial airlines worldwide. Founded in 1998, SimiGon maintains offices in Israel and the United States.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Contract win - RNS