SimiGon Limited SimiGon wins U.S. Marine Corps Contract

TIDMSIM

SimiGon Limited

05 October 2021

REACH: Non-Regulatory Announcement

5 OCT 2021

SimiGon Ltd

("SimiGon" or "the Company")

SimiGon wins U.S. Marine Corps Virtual Reality simulators contract

SimiGon to supply Marine Corps Recruiting Command with Virtual Reality Simulators

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that it has been awarded a contract by the United States Marine Corps (USMC) to provide Virtual Reality (VR) simulators. The Company will provide the Marine Corps Recruiting Command with SimiGon's SIMbox-based F/A-18C and AH-1Z low-cost, portable VR simulation devices (the "Contract").

Under the Contract, SimiGon is to deliver a turnkey hardware-software solution for up to twenty-five (25) devices over a three-year ordering period, out of which, SimiGon received Delivery Orders (DO) for seventeen (17) reconfigurable VR simulators.

The simulation devices are comprised of SIMbox-based F/A-18C and AH-1Z simulation software modules and Commercial Off the Shelf (COTS) hardware. The software will utilize SimiGon's analytics capability to track performance of air candidates inside the simulation and automate reports for the Recruiting Command.

SimiGon Inc. President and COO, Jack Sarnicki, said: "This win is indicative of the trust we have established with the US Government through timely deliveries, innovative technologies and excellent customer service. This is a new customer for SimiGon Inc. and an entirely new product to offer the military training & simulation market. We look forward to working closely with the Recruiting Command and expect this Contract to help generate future new business not only with the USMC but also other similarly tasked Governmental organizations."

Enquiries:

 
 SimiGon Ltd 
 Ami Vizer, Chief Executive Officer              [phone] 
 Efi Manea, Chief Financial Officer 
 
 finnCap (NOMAD & Broker)                        [phone] 
 Henrik Persson/Milesh Hindocha (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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October 05, 2021 02:00 ET (06:00 GMT)