21 Feb 2013 09:08
21 February 2013
SimiGon Ltd
("SimiGon" or "the Company")
SimiGon Bids to become Prime Contractor for US Army CEVT by Joining Forces with URS Federal Services
Having URS Federal Services as part of the SimiGon team enhances the Company's bid for contract totaling up to $30 million
SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is pleased to announce that it has signed an agreement with URS Federal Services Inc. ("URS") a leading provider of military training, engineering, construction and technical services, to provide a complete simulation training solution (hardware, software and connectivity tools) as a prime contractor. It is expected that SimiGon, and URS, will submit a bid in 2013 to become a prime contractor for the U.S. Army Construction Equipment Virtual Trainers ("CEVT") programme valued at an estimated $30 million.
The integrated team will benefit from the wide experience within URS alongside SimiGon's advance technology. If selected, SimiGon will receive revenues for the provision of all of the simulation and training technologies for several hundred systems, while URS will provide the Integrated Digital Environment, Subject Matter Experts and other important services.
The CEVT programme provides cost-effective training in a virtual environment. This allows personnel with little or no experience in operating construction equipment to have the opportunity to learn in a safe environment. As the programme progresses, training will move from simple control location and functions, to complex tasks and tactics employed in operating the construction equipment.
URS has trained over 20,000 U.S. Army aviators and has recently been awarded another contract to provide the Rotary Wing Flight Training at the U.S. Army Aviation Center of Excellence ("USAACE") in Fort Rucker, Alabama.
Ami Vizer, Chief Executive Officer of SimiGon, said: "Our stated strategy is to move up the scale and be a prime contractor and successfully deliver large simulation training programs such as CEVT. Expanding the SimiGon offer by adding the expertise within URS will enhance our ability to do this. With our established position as the preferred supplier of simulation solutions for the world's largest military flight trainingprogrammes, alongside URS, a world renowned name and proven operator in the industry, we feel we can provide a unique all-around offer to the U.S. Army."
-Ends-
Enquiries:
SimiGon Ltd | |
Ami Vizer, Chief Executive Officer | +1 (407) 951 5548 |
Efi Manea, Chief Financial Officer | |
finnCap (NOMAD & Broker) |
|
Stuart Andrews / Henrik Persson
| +44 (0) 20 7220 0500 |
Luther Pendragon (Media & Investor Relations) | |
Harry Chathli, Alexis Gore | +44 (0) 207 618 9100 |
Notes to Editor
About SimiGon
SIMbox is an advanced, PC-based, distributed simulation and training technology platform used in the defense industry's largest training programs. The SIMbox technology platform provides advanced training capabilities such as high fidelity 3D simulation within a Learning Management System (LMS) and Learning and Content Management System (LCMS), a Virtual Instructor and Instructor Operator Station (IOS), AAR/debriefing, Reporting Tools and a robust simulation and training content development suite.
About URS
URS Corporation is a leading provider of engineering, construction and technical services for public agencies and private sector companies around the world. The Company offers a full range of program management; planning, design and engineering; systems engineering and technical assistance; construction and construction management; operations and maintenance; information technology; and decommissioning and closure services. URS provides services for power, infrastructure, industrial, oil and gas, and federal projects and programs. Headquartered in San Francisco, URS Corporation has more than 57,000 employees in a network of offices in nearly 50 countries (www.urs.com).