Contract Win

18 Dec 2006 07:01

SimiGon Limited18 December 2006 18 December 2006 SimiGon Limited ("SimiGon" or "the Company") SimiGon wins Contract from Belgian Air Force for Air Combat Training December 18, 2006 - SimiGon Limited (LSE: SIM) announces that the Belgian AirForce ("BAF") has selected SimiGon's AirBook software for its desktop trainingprogramme. SimiGon, in conjunction with Visual Training Solutions Group, Inc.("VTSG"), will deliver the PC-based training systems, incorporating F-16 Mid-Life Update 4.2 content and targeting pod training functionality, in 2007. The contract will initially generate approximately. $350,000 of revenue in 2007with expected follow-on orders worth more than $600,000 by the end of 2008. Theorder further enhances visibility of SimiGon's total order backlog for 2007 and2008 as it increases the probability that the other European Air Forces willfollow the Belgian and the Dutch air forces. AirBook is SimiGon's aviation training software product based on the Company'score product, SIMbox, a highly flexible, PC-based consumer off-the-shelf productproviding government and industry partners with enabling technologies for developing flexible training solutions. BAF aircrew will benefit from a multitudeof AirBook features while training with the most up-to-date weapons and sensor software simulation. AirBook training benefits include hi-fidelity, 3D simulation; personalized training on demand; After Action Review ("AAR"); and interactive computer-based training courseware. Furthermore, air force instructors andcommanders will utilise an ad•anced Learning Management System ("LMS") to monitor and track individual and group progress, enabling them to provide bettertraining content. SimiGon President and CEO, Ami Vizer said, "We are excited to work with theBelgian Air Force and look forward to building a long term relationship withthem. This win demonstrates the growing realisation within professional communities of the increased training effectiveness that SimiGon's software providesas well as how it can be leveraged to save both time and money." John Clagett, President of VTSG, said, "The benefits of the AirBook software architecture are excellent. Teaming with Simigon demonstrates the value-add ofthis technology for the European Air Forces ("EPAF") F-16. We look forward to delivering a superior training device and continuing to scale our architecturewith the Belgians and the rest of the EPAF market." BAF is the second European air force to adopt the SIMbox platform for F16training. The system is already deployed in the US, Canada, Netherlands,Australia, Israel, Turkey and several other countries. Simigon is a fast-growing company with vast experience in providing Modeling, Simulation & Training solutions to customers worldwide. The Company's partnersinclude government and industry leading training and simulation organisations aswell as small businesses providing end users with added value content packages based on SIMbox technologies. Enquiries: SimiGon Limited Haim Yatim, CFO +972 9 956 1777 Corfin Communications Harry Chathli +44 (0) 20 7929 8980 Ben Hunt This information is provided by RNS The company news service from the London Stock Exchange