logo-loader
RNS
viewSimigon

Contract Win

/**/ h3{margin-right:0cm;margin-left:0cm;font-size:13.5pt;font-family:"Times New Roman","serif";} .o{size:612.0pt 792.0pt;margin:36.0pt 72.0pt 31.5pt 72.0pt;}div.o{}p.av{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif"; font-weight: bold; line-height: 26.25pt; margin-bottom: 0cm; text-align: center; vertical-align: baseline}span.at{font-size:12.0pt;font-family:"Times New Roman","serif"; color:#3B3B3B;border:none windowtext 1.0pt;padding:0cm}p.aw{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif"; line-height: 26.25pt; margin-bottom: 7.5pt; text-align: center; vertical-align: baseline}span.ar{font-size:12.0pt;font-family:"Times New Roman","serif";color:#3B3B3B}p.ax{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif"; font-div: italic; font-weight: bold; margin: 0cm; margin-bottom: .0001pt; text-align: center; vertical-align: baseline}p.ay{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:7.5pt;line-height:26.25pt;vertical-align:baseline}span.ao{font-size:13.5pt; font-family:"Times New Roman","serif";color:#3B3B3B}p.az{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";margin:0cm;margin-bottom:.0001pt;text-align:justify; vertical-align:baseline} span.ba{color: black; font-size: 11.0pt; font-weight: bold}p.bb{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 0cm}span.ak{font-size:12.0pt;font-family:"Times New Roman","serif"}table.bc{margin-left:-5.4pt;border-collapse:collapse}tr.ae{height:12.85pt}td.ah{width:305.1pt;padding:0cm 5.4pt 0cm 5.4pt; height:12.85pt}p.bd{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 0cm; margin-left: 1.7pt; margin-right: 0cm; margin-top: 0cm; text-indent: -1.7pt}td.af{width:149.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:12.85pt}p.be{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 0cm; margin-left: 14.2pt; margin-right: 0cm; margin-top: 0cm}tr.z{height:14.85pt} td.ac{width:305.1pt;padding:0cm 5.4pt 0cm 5.4pt; height:14.85pt}p.bf{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;line-height: normal}td.aa{width:149.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:14.85pt}p.bg{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0cm;margin-right:0cm;margin-bottom:0cm; margin-left:14.2pt;margin-bottom:.0001pt;line-height:normal}tr.w{height:12.4pt}td.y{width:305.1pt;padding:0cm 5.4pt 0cm 5.4pt; height:12.4pt}td.x{width:149.0pt;padding:0cm 5.4pt 0cm 5.4pt; height:12.4pt}span.v{font-size:12.0pt;font-family:"Times New Roman","serif"; background:white}p.bh{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal}span.t{font-size:12.0pt; font-family:"Times New Roman","serif"} p.bi{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; text-align: justify}p.bj{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:justify}span.q{font-size:12.0pt; line-height:107%;font-family:"Times New Roman","serif"} /**/
RNS Number : 9026O
SimiGon Limited
07 October 2019
 

SimiGon Ltd

("SimiGon" or "the Company")

Strategic European customer selects SimiGon technology for new aircraft

 

SimiGon Limited (LSE: SIM), a global leader in providing simulation training solutions, is pleased to announce that it has further expanded its long-term relationship with a major European customer (the "Customer").

 

The contract award is for the provision of SimiGon's Commercial Off the Shelf ("COTS") training and simulation environment, SIMbox (the "Contract"). The Customer will use SIMbox technology as the baseline for a new aircraft platform joining its Academic Training Centers ("ATC"). This is the fourth aircraft platform the Customer has selected SIMbox as its Ground Based Training Systems solution. 

 

Under the Contract announced today, SimiGon has successfully increased the use of SIMbox in additional programs across the Customer's organization. The expected revenue from this Contract was already factored into management's expectations for the years ended 31 December 2019.

 

Ami Vizer, SimiGon's Chief Executive Officer and Executive Chairman, said: "This is another great win for SimiGon and illustrates our continued relationship with the Customer. This is another excellent sign from the market that our advanced technologies accelerate training and save time and money for our partners. We appreciate the Customer's confidence in our SIMbox products and look forward to continuing our relationship".

 

 

Enquiries:

 

SimiGon Ltd


Ami Vizer, Chief Executive Officer and Executive 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 [email protected] or visit www.rns.com.
 
END
 
 
NRADMMGGVVDGLZM

Quick facts: Simigon

Price: 7.25

Market: AIM
Market Cap: £3.69 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE