SimiGon Limited SimiGon secures FAA contract for UAS simulation
04 September 2017 - 4:00PM
RNS Non-Regulatory
TIDMSIM
SimiGon Limited
04 September 2017
4 September 2017
SimiGon Ltd
("SimiGon" or "the Company")
SimiGon secures FAA contract for UAS simulation
SIMbox technology will be used for Civilian UAS R&D
SimiGon, (LSE: SIM), a global leader in modelling, simulation
and training solutions, is pleased to announce that it has been
awarded a prime contract with the US Federal Aviation
Administration ("FAA") to deliver the SIMbox simulation development
tools and training in support of the FAA's advanced Unmanned
Aircraft Systems ("UAS") Research Simulator. This contract is a
significant milestone in SimiGon's expansion into civilian vertical
markets including civilian aviation and civilian UAS. It also
establishes the FAA as a SIMbox Certified Organization ("SIMCO"),
providing the FAA with an internal SIMbox development capability.
This win also demonstrates the market's recognition of SIMbox as an
effective R&D toolset for design and development as well as an
advanced training system platform.
SimiGon's SIMbox simulation engine and development environment
system will be a major component in the FAA's Research Simulator
and will support a variety of UAS research topics including human
factors research and safety research within the FAA's Aerospace
Human Factors Research Division. SIMbox will be the primary
interface used by the FAA in the UAS simulation environment, as
well as a central repository for all components with the product's
embedded configuration management capability. The system
development kit will be used to modify the simulation to meet
respective research requirements.
The initial contract order value is approximately $100,000. The
expected revenue contribution from the Agreement has already been
factored into management's expectations for the year ended 31
December 2017.
SimiGon President and CEO, Ami Vizer, said: "The selection of
SimiGon technology as an R&D platform by the FAA is extremely
significant and points to our evolution in the training industry,
from military aviation to civilian markets and civilian UAS. This
underlines the strength of the SIMbox ecosystem that we have
developed and its capability to support so many domains. We are
excited to work directly with the FAA to support advanced UAS
R&D for the US Government. This contract win in the UAS arena
is significant as the FAA completed extensive due diligence in
researching SIMbox as the baseline software for its advanced UAS
Research Simulator. We expect this Agreement to generate further
opportunities with the FAA and other Government and Civilian
customers in the future."
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
Henrik Persson/Scott Mathieson
(corporate finance)
Stephen Norcross (corporate
broking)
Alma PR (Public Relations)
Hilary Buchanan/Josh Royston/Helena
Bogle +44(0) 208 004 4217
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 company news service from the London Stock Exchange
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