Cemtrex’s Virtual Driver Interactive (VDI) Now Offering Driving EssentialsXE Teen Driver Training on PlayStation5 and Xbox ...
November 23 2020 - 9:10AM
— Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW), a technology company
driving innovation in Internet of Things (IoT), security, machine
vision & artificial intelligence, and augmented & virtual
reality, today announced its subsidiary Virtual Driver Interactive
(VDI) is now offering the Driving EssentialsXE program on the newly
released Sony PS5 and Microsoft Xbox Series X platforms, in
addition to their full line of simulation training products for
schools and public safety organizations.
A recent survey conducted by the Governor’s
Highway Safety Association showed that 62% of parents said their
child had experienced a COVID-19 related disruption in driver
education. With Microsoft and Sony officially launching their
latest next-generation consoles this month, it is the ideal time
for the Driving EssentialsXE program to help parents bridge the gap
in formal training created by the pandemic.
The Driving EssentialsXE program provides the
millions of PlayStation and Xbox users with the ability to
experience challenging and real-world driving experiences all from
the safety of their own home. The in-home use version of VDI’s
product portfolio is an immersive driver training program that
teaches the critical skills essential to safe driving in an
entertaining and engaging way. With 10 in-depth lessons and
unlimited free driving, it offers many advanced concepts that are
not covered in online or driving school courses including driving
in highway, city, residential, rural and off road in adjustable
weather conditions. Inclement weather, distracted driving
consequences and complex traffic scenarios are normally too
dangerous to practice in real life but are covered in Driving
EssentialsXE. For $29, the program is available at both the Sony
and Microsoft stores.
“With today’s COVID-19 world, there is
even less opportunity for teens to get the driver training they
require prior to getting behind the wheel,” said Bob Davis, VDI
General Manager. “Driving EssentialsXE offers teens a tool to
gain real-world experience in the safety of their home. By
combining technology with training, we let them face challenging
traffic scenarios and master basic driving skills which give them
and their parents the confidence they need to get behind the
wheel,” concluded Davis.
“VDI is a market leader with best-in-class
driver training products and this new offering demonstrates their
nimbleness to bring a desperately needed driving solution for
today’s teenage parent searching for in-person driving
alternatives,” said Saagar Govil, Chairman and CEO of Cemtrex. “VDI
has built a successful business with innovative technologies, an
effective product portfolio and extensive customer base. Those
customers include the U.S. Postal Service, numerous universities
and school districts along with some of the nation’s largest fleets
in transportation, utilities, networking, insurance and public
safety sector,” concluded Govil.
About Virtual Driver
InteractiveVirtual Driver Interactive (VDI) is well known
in the simulation industry for its vision of innovative
simulation-based training. Other titles include One Simple
Decision®, a deterrent to distracted or impaired driving and
Virtual DE™ (Virtual Driving Essentials), a driver training and
assessment program teaching critical skills. VDI is a wholly owned
subsidiary of Cemtrex Inc., and located in El Dorado Hills,
California. For more information about Driving EssentialsXE, please
visit www.drivingxe.com. For more information about VDI’s
innovative interactive simulation driver training solutions, please
visit www.driverinteractive.com.
About Cemtrex
Cemtrex, Inc. (CETX) is a leading multi-industry
technology company that is driving innovation in markets such as
Internet of Things (IoT), Augmented and Virtual Reality (AR &
VR), and Artificial Intelligence and Computer Vision (AI & CV)
in a wide range of sectors, including consumer products, industrial
manufacturing, digital applications, and intelligent security &
surveillance systems.www.cemtrex.com.
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements relating to the closing of
the offering, gross proceeds from the offering, our new product
offerings, expected use of proceeds, or any proposed fundraising
activities. These forward-looking statements are based on
management’s current expectations and are subject to certain risks
and uncertainties that could cause actual results to differ
materially from those set forth in or implied by such forward
looking statements. Statements made herein are as of the date
of this press release and should not be relied upon as of any
subsequent date. These risks and uncertainties are discussed under
the heading “Risk Factors” contained in our Form 10-K filed with
the Securities and Exchange Commission. All information in
this press release is as of the date of the release and we
undertake no duty to update this information unless required by
law.
Investor Relations
Chris Tyson
Executive Vice President – MZ North America
Direct: 949-491-8235
CETX@mzgroup.us
www.mzgroup.us
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