VirTra Founder and Executive Chairman Bob Ferris Inducted into the National Center for Simulation’s Modeling & Simulation Hall of Fame
October 31 2023 - 8:00AM
VirTra, Inc. (Nasdaq: VTSI) (“VirTra”
or the “Company”), a global provider of judgmental use of
force training simulators, firearms training simulators for the law
enforcement and military markets, today announces the induction of
its Founder and Executive Chairman, Bob Ferris, into the National
Center for Simulation (NCS) Modeling & Simulation (M&S)
Hall of Fame. This prestigious recognition, bestowed upon Ferris
for his groundbreaking work and continued thought leadership in the
simulation industry, reflects VirTra’s legacy of innovation and its
commitment to continually improving training effectiveness. Ferris
was inducted alongside other 2023 inductees at a ceremony on
October 12, 2023. The video of the Hall of Fame Induction Ceremony
can be viewed here.
Ferris is widely acknowledged as a trailblazer
in the early adoption of virtual reality (VR) technology for
educational and entertainment purposes, with his pioneering efforts
dating back to the 1990s. He is sometimes recognized as a
"Grandfather of VR” for his visionary contributions to the field.
Initially, his company, Ferris Productions, focused on immersive VR
for other markets, however, a pivotal moment arose when Ferris was
inspired to leverage this emerging technology to support first
responders, including police and the military, in the aftermath of
the 9/11 attacks. This transformative decision led to the evolution
of Ferris Productions into VirTra, a company that now extends its
support to military and law enforcement agencies across 40
countries worldwide. VirTra has garnered an industry-leading
reputation for its innovative solutions in training simulation.
The M&S Hall of Fame represents a very rare
and highly regarded achievement. As per information available on
the NCS website, the NCS's objective is 'to honor, recognize, and
protect the legacy of individuals who have significantly
contributed to advancements in modeling and simulation.' Ferris’s
inclusion in the 10th Hall of Fame class is a testament to his
esteemed position within the simulation community. After the
upcoming induction, the Wall of Fame in the Orange County
Convention Center’s South Concourse will feature 39 simulation
pioneers to now include Ferris.
“It is a great honor to be inducted into the NCS
M&S Hall of Fame alongside a group of individuals who have
shaped the foundations of the simulation industry,” said Executive
Chairman Bob Ferris. “I am confident in the trajectory of
simulation training to improve and save lives with certified
curriculum and ever advancing technology. It has been rewarding
beyond words to dedicate my career to giving every advantage
possible for those courageous men and women who, daily, put
themselves in harm’s way to serve their communities and
country.”
For a comprehensive list of all Hall of Fame
members, including Bob Ferris, and access to their biographies,
please click here to visit the NCS website.
As VirTra marks its three decades in business,
the Company remains focused on a future characterized by continued
growth, enhanced market presence and industry-leading solutions for
the simulation and training industry.
About National Center for Simulation
(NCS)The NCS is a non-profit trade association supporting
and expanding the M&S community and is committed to promoting
M&S technology expansion, education and workforce development
and providing business development assistance to its members. Learn
more at www.simulationinformation.com.
About VirTra, Inc.VirTra
(Nasdaq: VTSI) is a global provider of judgmental use of force
training simulators and firearms training simulators for the law
enforcement, military, educational and commercial markets. The
company’s patented technologies, software, and scenarios provide
intense training for de-escalation, judgmental use-of-force,
marksmanship, and related training that mimics real-world
situations. VirTra’s mission is to save and improve lives worldwide
through practical and highly effective virtual reality and
simulator technology. Learn more about the company at
www.VirTra.com.
Forward-Looking StatementsThe
information in this discussion contains forward-looking statements
and information within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, which are subject to the “safe harbor”
created by those sections. The words “anticipates,” “believes,”
“estimates,” “expects,” “intends,” “may,” “plans,” “projects,”
“will,” “should,” “could,” “predicts,” “potential,” “continue,”
“would” and similar expressions are intended to identify
forward-looking statements, although not all forward-looking
statements contain these identifying words. We may not actually
achieve the plans, intentions or expectations disclosed in our
forward-looking statements and you should not place undue reliance
on our forward-looking statements. Actual results or events could
differ materially from the plans, intentions and expectations
disclosed in the forward-looking statements that we make. The
forward-looking statements are applicable only as of the date on
which they are made, and we do not assume any obligation to update
any forward-looking statements. All forward-looking statements in
this document are made based on our current expectations,
forecasts, estimates and assumptions, and involve risks,
uncertainties and other factors that could cause results or events
to differ materially from those expressed in the forward-looking
statements. In evaluating these statements, you should specifically
consider various factors, uncertainties and risks that could affect
our future results or operations. These factors, uncertainties and
risks may cause our actual results to differ materially from any
forward-looking statement set forth in the reports we file with or
furnish to the Securities and Exchange Commission (the “SEC”). You
should carefully consider these risks and uncertainties described
and other information contained in the reports we file with or
furnish to the SEC before making any investment decision with
respect to our securities. All forward-looking statements
attributable to us or persons acting on our behalf are expressly
qualified in their entirety by this cautionary statement.
Investor Relations Contact:
Matt Glover and Alec WilsonGateway Group, Inc.
VTSI@gateway-grp.com949-574-3860
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/ea79732a-90a3-4873-9549-59ef2b355d72
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