TIDMSIM

SimiGon Limited

18 April 2019

SimiGon Ltd

("SimiGon" or "the Company")

SimiGon signs Blanket Purchase Agreement with the US Department of Defense

SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is pleased to announce that SimiGon has signed a Blanket Purchase Agreement ("BPA") with the U.S. Department of Defense ("DoD") Enterprise Software Initiative ("ESI"). Under the BPA, SimiGon and the DoD ESI have established agreed pricing and processes for government customers to purchase the Company's products and services.

ESI is an official DoD initiative sponsored by the DoD Chief Information Officer to both establish and manage enterprise commercial off-the-shelf IT agreements, assets, and policies. DoD ESI lowers the total cost of ownership across the DoD, Coast Guard and Intelligence Communities for commercial software, IT hardware, and services.

The DoD ESI provides an effective method for approved software publishers, hardware vendors and service providers to streamline sales to the DoD ESI customers. The total potential sales amount for all selected vendors under this BPA is approximately $238.6 million over a period of 10 years commencing 1 April 2019.

SimiGon President and CEO, Ami Vizer, said: "We are delighted to join DoD ESI under this BPA. Through signing the BPA, SimiGon joins blue chip technology companies such as IBM, Microsoft, Oracle and Adobe as an official DoD ESI BPA contract holder.

The BPA is another validation of SimiGon's technology, software products and business model as a viable solution for Federal agencies seeking advanced training and simulation solutions for multiple domains."

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 
 Scott Matheison / 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 rns@lseg.com or visit www.rns.com.

END

NRAGGUGGCUPBGBM

(END) Dow Jones Newswires

April 18, 2019 02:00 ET (06:00 GMT)

Simigon (LSE:SIM)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Simigon Charts.
Simigon (LSE:SIM)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Simigon Charts.