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Successful Completion of Systems Delivery

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RNS Number : 6381I
SimiGon Limited
12 August 2019
 

 

SimiGon Ltd

("SimiGon" or the "Company")

Successful completion of systems delivery milestones for US$1.1 million contract announced in Sep 2018 with the Israeli Air Force

Systems deployed and fully operational at customer site

 

SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is pleased to announce that it has successfully completed systems delivery milestones and received the requisite confirmations from the Israeli Air Force (the "IAF") in relation to the $1.1 million contract announced on 26 September 2018 (the "Programme").

The successful collaboration with the customer has led to a more advanced training system being developed. The experience gained from the Programme will be useful in marketing SIMbox training solution to other potential customers worldwide, extending SimiGon's market reach.

The Contract included the procurement of SIMbox-based T-6A training devices in a fully immersive, Virtual Reality ("VR") environment. A total of 4 systems with distributed training capabilities have been delivered in the first phase, enabling students to train through personal stations on most of the aspects of their syllabus. The stations include high resolution Common Database terrain and VR headsets to support advanced training of Aerobatic, Formation, Navigation and Circuit procedures, together with standard procedural and emergencies training. In the second phase, virtual instructor guided lessons are delivered as part of self-paced syllabus and together with advance instructor station the full training solution provides, accelerated and cost-effective training to the IAF cadets.

Ami Vizer, SimiGon's Chief Executive Officer and Executive Chairman said: "We are pleased to announce the successful completion of systems delivery milestones. The experience and know-how obtained during the delivery of this Programme will be leveraged to further new business opportunities for SimiGon and our partners within the SIMbox ecosystem. We are proud to be part of this major Programme as a prime contractor, marking a significant milestone in SimiGon's strategic aim to lead more opportunities as prime. We are looking forward to extending this solution and concept to meet other training needs worldwide."

 

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

Scott Matheison / 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.

 

 

 


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Price: 7.25

Market: AIM
Market Cap: £3.69 m
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