SimiGon Limited Contract Win
26 September 2018 - 4:01PM
RNS Non-Regulatory
TIDMSIM
SimiGon Limited
26 September 2018
SimiGon Ltd
("SimiGon" or "the Company")
SimiGon wins $1.1 million dollar contract with the Israeli air
force for T-6A training devices
SimiGon (LSE: SIM), a global leader in modelling, simulation and
training solutions, is pleased to announce that it has received a
$1.1 million contract from the Israeli Air Force ("IAF") to provide
SIMbox-based T-6A Simulation Based Trainers to the IAF Flight
Academy (the "Contract").
The Contract for the new trainers is a progression of SIMbox
Ground Based Training Systems (GBTS) for other platforms in the IAF
inventory, including the M-346 Advanced Jet Trainer (AJT). This
Contract solidifies SIMbox as the IAF's major training technology
platform for its aircrew and maintainer academies.
The Contract includes the procurement of SIMbox-based T-6A
training devices in a fully immersive, Virtual Reality ("VR")
environment. Up to 4 systems will be delivered in the first phase,
enabling students to train through personal stations on most of the
aspects of their syllabus. The stations will 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, a Virtual Instructor and a
self-paced syllabus using high fidelity 3D simulation will be
delivered, providing accelerated, cost-effective training to the
IAF cadets.
The Contract is comprised of a 9 month delivery phase followed
by a 2 year warranty and support phase. The expected revenue
contribution from the Contract has already been factored into
management's expectations for the year ended 31 December 2018.
This Contract further strengthens SimiGon's position in the T-6
training market, solidifying its market leading offering and
positions the Company for similar opportunities globally as the
T-6A and T-6B are used as basic trainers in militaries around the
globe.
SimiGon President & CEO, Ami Vizer, said: "We are excited to
receive this Contract and to further support the IAF's T-6A
training needs. The continued use of SimiGon's SIMbox products in
the IAF's training regime demonstrates its numerous advantages and
use as a training tool. We expect this contract to lead to
additional business opportunities in the IAF and the wider, fixed
wing training market."
Enquiries:
SimiGon Ltd
Ami Vizer, Chief Executive Officer +1 (407) 951 5548
Efi Manea, Chief Financial Officer
finnCap (NOMAD & Broker) +44 (0) 207 220 0500
Henrik Persson/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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END
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