VirTra Receives $1.5 Million Order from Federal Law Enforcement Training Centers (FLETC) for Law Enforcement Training Simulat...
September 16 2020 - 7:00AM
VirTra, Inc. (NASDAQ: VTSI)
(“VirTra”), a global provider of training simulators for
the law enforcement, military, educational and commercial markets,
has received a $1.5 million order from the U.S. Department of
Homeland Security’s Federal Law Enforcement Training Centers
(FLETC) for VirTra’s V-ST PRO® 4K simulators, V-100® 4K simulators,
accessories, and training.
FLETC provides career-long law enforcement training to law
enforcement professionals in more than 90 federal agencies. This is
FLETC’s second order with VirTra since becoming a client in October
2019. VirTra aims to fulfill FLETC’s need for improved training and
a technical refresh by providing realistic interactive scenarios
and marksmanship training through the latest technology of
simulation training solutions. The V-ST PRO and V-100 4K simulators
feature professionally produced scenarios, independently verified
ballistics, and ultra-high definition 4K imagery and are designed
to make the skills learned in a simulator more transferrable to
real life.
FLETC intends to utilize the simulators for marksmanship
training as well as for its use-of-force Judgmental Pistol Shoot
(JPS) Program. The simulators are scheduled to be installed at
FLETC’s law enforcement training academy locations in Glynco, GA,
Artesia, NM, Charleston, SC, and Cheltenham, MD by December 2020.
Additional options under this contract may be exercised in
2021.
“Follow on orders from current customers are always encouraging,
but continuing to work with a prestigious training organization
like FLETC is particularly valuable for VirTra given the impact
this partnership can have,” said Jason Mulcahy, VirTra’s General
Manager. “FLETC trains thousands of law enforcement officers
annually, and by helping them modernize their programs with new
technology of the highest quality, certified judgement training and
content that includes interactive branching scenarios, we have an
opportunity to efficiently improve the training of law enforcement
personnel on a greater scale. We look forward to the benefits this
continued partnership will have for VirTra and our customer as we
jointly work to support law enforcement members and their
communities.”
About VirTra VirTra (NASDAQ: VTSI) is a global
provider of judgmental use of force training simulators, firearms
training simulators and driving simulators for the law enforcement,
military, educational and commercial markets. The company’s
patented technologies, software, and scenarios provide intense
training for de-escalation, judgmental use-of-force, marksmanship
and related training that mimics real-world situations. VirTra’s
mission is to save and improve lives worldwide through practical
and highly effective virtual reality and simulator technology.
Learn more about the company at www.VirTra.com.
About FLETC:The Federal Law Enforcement
Training Centers (FLETC) provides career-long training to law
enforcement professionals to help them fulfill their
responsibilities safely and proficiently. Over the past 49 years,
FLETC has grown into the Nation’s largest provider of law
enforcement training. Under a collaborative training model, FLETC’s
federal partner organizations deliver training unique to their
missions, while FLETC provides training in areas common to all law
enforcement officers, such as firearms, driving, tactics,
investigations, and legal training. Learn more at
www.fletc.gov.
Forward-Looking Statements:This news release
includes certain information that may constitute forward-looking
statements made pursuant to the safe harbor provision of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are typically identified by terminology such as “could,”
“may,” “will,” “expects,” “anticipates,” “future,” “intends,”
“plans,” “believes,” “estimates,” “proposed,” “planned,”
“potential” and similar expressions, or are those, which, by their
nature, refer to future events. All statements, other than
statements of historical fact, included herein, including
statements about VirTra’s beliefs and expectations, are
forward-looking statements. Forward-looking information is
necessarily based upon a number of assumptions that, while
considered reasonable, are subject to known and unknown risks,
uncertainties and other factors which may cause the actual results
and future events to differ materially from those expressed or
implied by such forward-looking information. Although VirTra
believes that such statements are reasonable, it can give no
assurance that such forward-looking information will prove to be
accurate. VirTra cautions investors that any forward-looking
statements by the Company are not guarantees of future results or
performance, and that actual results may differ materially from
those in forward-looking statements as a result of various factors.
Accordingly, due to the risks, uncertainties and assumptions
inherent in forward-looking information, readers and prospective
investors in the Company’s securities should not place undue
reliance on forward-looking information. All forward-looking
information contained in this press release is given as of the date
hereof, is based upon the opinions and estimates of management and
information available to management as at the date hereof and is
subject to change. The Company assumes no obligation to revise or
update forward-looking information to reflect new circumstances,
whether as a result of new information, future events or otherwise,
except as required by law.
Investor Relations Contact:Matt Glover or
Charlie Schumacher VTSI@gatewayir.com949-574-3860
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