7 Feb 2018 07:00
7 February 2018
SimiGon Ltd
("SimiGon" or "the Company")
SimiGon awarded additional USAF support contract
SimiGon to provide additional Contractor Logistics Support (CLS) for USAF simulators
SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that it has been awarded a 28 month contract from the United States Air Force (USAF) to provide additional Contractor Logistics Support (CLS) for SIMbox-based T-6A Level 5 FAA Compliant Flight Training Devices (FTD) (the "Contract").
Under the Contract's period of performance of 28 months, SimiGon will provide warranty support for the additional six simulators delivered as part of the task order with Booz Allen in 2016, and further onsite hardware and software support for all of the SIMbox-based simulators, including the ten simulators delivered to the USAF between 2011-2012 and then upgraded under the 2016 contract.
The total Contract value is up to $560,000 over the 28 month period, dependent on the level of support services required. The expected revenue from this Contract was already factored into management's expectations.
The Contract represents another milestone for SimiGon as it establishes a full CLS capability for the T-6A training devices. The simulators are used to provide thousands of training events annually for the Air Force's Undergraduate Remotely Piloted Aircraft Training program and it further demonstrates the market's recognition that SimiGon is capable of delivering support for the complete ecosystem, including software, hardware and onsite support.
SimiGon President and CEO, Ami Vizer, said: "We are excited to deliver additional CLS services to support the USAF RPA training programme and ensure timely training for new operators. We expect this Contract to generate further CLS opportunities with the USAF and other Government 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) | |
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.