4 Sep 2017 07:00
4 September 2017
SimiGon Ltd
("SimiGon" or "the Company")
SimiGon secures FAA contract for UAS simulation
SIMbox technology will be used for Civilian UAS R&D
SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that it has been awarded a prime contract with the US Federal Aviation Administration ("FAA") to deliver the SIMbox simulation development tools and training in support of the FAA's advanced Unmanned Aircraft Systems ("UAS") Research Simulator. This contract is a significant milestone in SimiGon's expansion into civilian vertical markets including civilian aviation and civilian UAS. It also establishes the FAA as a SIMbox Certified Organization ("SIMCO"), providing the FAA with an internal SIMbox development capability. This win also demonstrates the market's recognition of SIMbox as an effective R&D toolset for design and development as well as an advanced training system platform.
SimiGon's SIMbox simulation engine and development environment system will be a major component in the FAA's Research Simulator and will support a variety of UAS research topics including human factors research and safety research within the FAA's Aerospace Human Factors Research Division. SIMbox will be the primary interface used by the FAA in the UAS simulation environment, as well as a central repository for all components with the product's embedded configuration management capability. The system development kit will be used to modify the simulation to meet respective research requirements.
The initial contract order value is approximately $100,000. The expected revenue contribution from the Agreement has already been factored into management's expectations for the year ended 31 December 2017.
SimiGon President and CEO, Ami Vizer, said: "The selection of SimiGon technology as an R&D platform by the FAA is extremely significant and points to our evolution in the training industry, from military aviation to civilian markets and civilian UAS. This underlines the strength of the SIMbox ecosystem that we have developed and its capability to support so many domains. We are excited to work directly with the FAA to support advanced UAS R&D for the US Government. This contract win in the UAS arena is significant as the FAA completed extensive due diligence in researching SIMbox as the baseline software for its advanced UAS Research Simulator. We expect this Agreement to generate further opportunities with the FAA and other Government and Civilian 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) | |
Alma PR (Public Relations) | |
Hilary Buchanan/Josh Royston/Helena Bogle | +44(0) 208 004 4217 |
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.