SimiGon Limited USAF Extends SimiGon Inc. Support Contract

TIDMSIM

SimiGon Limited

09 August 2021

SimiGon Ltd

("SimiGon" or the "Company")

United States Air Force Extends SimiGon Inc. Support Contract

SimiGon, Ltd. (LSE: SIM), a global leader in modeling, simulation and training solutions, is pleased to announce that its independently operated US subsidiary, SimiGon Inc., has been awarded a one-year support contract for SimiGon's SIMbox software, used in T-6A Level 5 FAA Compliant Flight Training devices (the "Contract"), a key component of the United States Air Force (USAF) Undergraduate Remotely Piloted Aircraft Training (URT) program (the "URT Program").

SimiGon has provided a 98% availability rate for the sixteen (16) SIMbox-based T-6A Level 5 Flight Training Devices. This high simulator availability rate is critical to maintain one of the highest student graduation rates in the USAF.

SimiGon Inc. President, Jack Sarnicki, said : "The Contract further demonstrates the USAF's confidence in our simulation and training capabilities. This is a program of great national security importance, the training of Air Force, Navy and Marine Corps RPA pilots. SimiGon Inc.'s capabilities grow with the high ops tempo of the program. Our support is for the software ecosystem. We expect this Contract to lead to additional USAF opportunities and in the wider RPA community."

Enquiries:

 
 SimiGon Ltd 
 Ami Vizer, Chief Executive Officer and 
  Executive Chairman                               [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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August 09, 2021 02:00 ET (06:00 GMT)