17 Apr 2018 07:00
17 April 2018
SimiGon Ltd
("SimiGon" or "the Company")
Appointment to the Board
SimiGon Ltd (LSE: SIM), a global leader in modeling, simulation and training solutions, is pleased to announce the appointment, subject to shareholder approval at the next general meeting of the Company, of Omer Eyal as a non-executive director of the Company.
Mr. Eyal brings nearly 20 years of business advisory and entrepreneurial experience to the board. Mr. Eyal began his career as a corporate lawyer at global law firm Steptoe & Johnston LLP. He then went on to join UMA Solar LLC, a leading thermal and solar power distributor, as the company's COO and Legal Affairs Manager for 9 years. Following his exit from UMA Solar, Mr Eyal went on to become founder and CEO of TEVA Energy LLC, managing a team of experts in the development and distribution of renewable-energy solar solutions across North America and the Caribbean. Mr. Eyal spearheaded the merger of Superior Solar Systems LLC and TEVA Energy LLC to form TEVA Alternative Energy LLC of which he was appointed CEO and managing member. Mr. Eyal is a qualified D.C. lawyer holding a Judicial Doctorate from Georgetown University.
Further information with respect to Omer Eyal, as required pursuant to Schedule 2(g) of the AIM Rules, is set out below.
Ami Vizer, CEO of SimiGon, commented: "We are delighted that Mr Eyal has agreed to join the board of SimiGon and are confident that his considerable range of skills and experience will be of great benefit to the Company."
The following information regarding the appointment of Omer Chaim Eyal, age 46, is disclosed under Schedule 2(g) of the AIM Rules for Companies:
Current directorships and/or partnerships: | Former directorships and/or partnerships (within the last five years): |
TEVA Alternative Energy LLC | N/A |
TEVA Energy LLC | |
Superior Solar Systems LLC | |
Mr. Eyal has no shareholding in the Company.
There are no further disclosures required under Schedule 2(g) of the AIM Rules for Companies.
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
For further information please contact:
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 |
Stuart Andrews / Henrik Persson / Scott Mathieson (corporate finance) | |
Stephen Norcross (corporate broking) | |
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.