SimiGon Limited USAF technician training contract
May 08 2018 - 1:01AM
RNS Non-Regulatory
TIDMSIM
SimiGon Limited
08 May 2018
08 May 2018
SimiGon Ltd
("SimiGon" or "the Company")
SimiGon awarded USAF technician training contract
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 (USAF) has contracted the Company to deliver a Virtual
Reality (VR) Aircraft De-icing Simulator (the "Contract"). Securing
this contract highlights the Company's ability to identify new
markets and applications for its traditional customer base.
As part of the Contract, SimiGon will deliver its SIMbox-based
VR aircraft de-icing training product. By incorporating fully
immersive VR with SimiGon's de-icing simulation product, USAF
technicians will receive simulation based training that includes
scoring, Playback/After Action Review, feedback reports, as well as
a multi-player training capability. The expected revenue from this
Contract was already factored into the management's expectations
for fiscal year 2018.
Aircraft de-icing is a high skills task requiring annual
training of military and commercial personnel working in cold
weather aviation. Ice adds significant weight to aircraft and
having "clean aircraft" is critical to safe travel. SimiGon
understands the importance for operators to undergo adequate
training to ensure proper operations, as mistakes can result in
significant aircraft damage and flight cancellations. The Company
estimates the De-Icing market to include more than 100,000 trainees
per year in the civilian market. SimiGon's technology and business
model is well suited for rapid product rollout to meet expected
market demand and the Company is looking forward to successfully
leveraging its aircraft de-icing training product for substantial
business growth.
SimiGon President and CEO, Ami Vizer, said: "This Contract award
is significant for SimiGon as it further demonstrates the Company's
ability to identify new markets and their requirements for a cost
effective personal training systems and tailor its training
products to meet new demands within a short timeframe. This
SIMbox-based training product is the ongoing realization of the
Company's strategic plan to utilize the technology in multiple
domains. We are excited to receive the VR Aircraft De-icing
Simulator award to support USAF technician training and expect to
further penetrate the De-Icing market and deliver high quality
training products to both the military and civilian aviation in the
future".
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 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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