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SimiGon Limited   -  SIM   

Contract Win

Released 07:00 08-Oct-2018

RNS Number : 9896C
SimiGon Limited
08 October 2018
 

SimiGon Ltd

("SimiGon" or "the Company")

SimiGon to supply USAF with VR technical simulators

SimiGon to provide Virtual Reality simulation based training for USAF De-icing technicians

SimiGon (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that the United States Air Force Europe (USAFE) has contracted the Company to deliver its Commercial Off the Shelf (COTS) SIMbox Virtual Reality Aircraft De-icing Simulator  (SVADS).

This contract is SimiGon's second aircraft deicer simulation contract win in the past six months and exhibits how the Company and its technology can be quickly taken up once new markets and applications are identified.

As part of the Contract, SimiGon will deliver during the course of 2018 several SVADS comprised of SimiGon's baseline SIMbox software, SIMbox aircraft deicing simulation module and relevant hardware to USAFE. The fully immersive VR environment coupled with the deicing simulation module provides USAF technicians advanced training, including scoring, Playback/After Action Review, feedback reports, as well multi-player training. The expected revenue from this Contract was already factored into the management's expectations for fiscal year 2018.

SimiGon President and CEO, Ami Vizer, said: "This Contract award is a strategic milestone for SimiGon as it demonstrates the Company's ability to penetrate new markets and requirements for cost effective personal training systems. The SVADS emergence is part of the Company's vision to utilize SIMbox technology in multiple domains. We are very excited by this and will continue to push into this market with high quality deliveries of advanced training products for military and civilian aviation".

 

 

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/Matt Radley (corporate finance)

 

 

 

 

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 organizations 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.

 


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Contract Win - RNS