SimiGon Limited Contract Win
07 October 2019 - 5:00PM
RNS Non-Regulatory
TIDMSIM
SimiGon Limited
07 October 2019
SimiGon Ltd
("SimiGon" or "the Company")
Strategic European customer selects SimiGon technology for new
aircraft
SimiGon Limited (LSE: SIM), a global leader in providing
simulation training solutions, is pleased to announce that it has
further expanded its long-term relationship with a major European
customer (the "Customer").
The contract award is for the provision of SimiGon's Commercial
Off the Shelf ("COTS") training and simulation environment, SIMbox
(the "Contract"). The Customer will use SIMbox technology as the
baseline for a new aircraft platform joining its Academic Training
Centers ("ATC"). This is the fourth aircraft platform the Customer
has selected SIMbox as its Ground Based Training Systems
solution.
Under the Contract announced today, SimiGon has successfully
increased the use of SIMbox in additional programs across the
Customer's organization. The expected revenue from this Contract
was already factored into management's expectations for the years
ended 31 December 2019.
Ami Vizer, SimiGon's Chief Executive Officer and Executive
Chairman, said: "This is another great win for SimiGon and
illustrates our continued relationship with the Customer. This is
another excellent sign from the market that our advanced
technologies accelerate training and save time and money for our
partners. We appreciate the Customer's confidence in our SIMbox
products and look forward to continuing our relationship".
Enquiries:
SimiGon Ltd
Ami Vizer, Chief Executive Officer and Executive
Chairman +1 (407) 951 5548
Efi Manea, Chief Financial Officer
finnCap (NOMAD & Broker) +44 (0) 20 7220 0500
Scott Mathieson / 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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