SimiGon Limited Contract Win
September 09 2019 - 1:01AM
RNS Non-Regulatory
TIDMSIM
SimiGon Limited
09 September 2019
SimiGon Ltd
("SimiGon", or the "Company")
SIMIGON WINS USAF F-15E MIXED REALITY CONTRACT
SimiGon will provide SIMbox-based F-15E Mixed Reality training
devices for United States Air Force Air Combat Command
SimiGon, Ltd. (LSE: SIM), a global leader in modelling,
simulation & training solutions, is pleased to announce that
its independently operated US subsidiary, SimiGon Inc., has been
awarded a United States Air Force ("USAF") contract to provide
SIMbox-based F-15E Mixed Reality ("MR") training devices for USAF
Air Combat Command (ACC) (the "Contract").
The Contract represents further growth in the Company's MR
business portfolio and compliments the strategic path to provide
advanced Virtual, Mixed and Augmented training technologies to the
USAF and wider Government and Civilian markets. The Contract
demonstrates SimiGon's market penetration into a new, larger
customer base, the ACC, the primary supplier of US air combat
forces.
SimiGon's next-level training technologies offers "true-MR",
blending physical and virtual worlds to allow pilots and weapons
officers to see their hands interact with physical equipment within
the virtual world. Other simulation technologies incorporated into
the program include user monitoring and tracking; data analytics
and reporting tools; Distributed Mission Training (DMT); and After
Action Review.
Using SimiGon's existing database and rapid simulation
development tools, the system will be delivered incrementally over
the next six months. The expected revenue contribution has already
been factored into management's expectations for the year ended 31
December 2019.
SimiGon President & CEO, Ami Vizer, commented: "This win is
very gratifying as it demonstrates that the USAF and that the ACC
in particular, understand our advanced technologies and combat
training solutions. This is an exciting time for the Company as VR
and MR solutions become a greater part of our portfolio. Our
R&D team continues to make great strides to delivery true,
next-level MR solutions. We look forward to our partnership with
the F-15E community and the ACC."
Enquiries:
SimiGon Ltd
Ami Vizer, Chief Executive Officer/Chairman +1 (407) 951 5548
Efi Manea, Chief Financial Officer
finnCap (NOMAD & Broker) +44 (0) 20 7220 0500
Scott Mathieson / Matthew 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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRAKMGGLDRLGLZM
(END) Dow Jones Newswires
September 09, 2019 02:01 ET (06:01 GMT)
Simigon (LSE:SIM)
Historical Stock Chart
From Apr 2024 to May 2024
Simigon (LSE:SIM)
Historical Stock Chart
From May 2023 to May 2024