VirTra Awarded Additional $1.25 Million Order by U.S. Department of State
April 24 2018 - 8:00AM
VirTra, Inc. (Nasdaq:VTSI), a global provider of training
simulators for the law enforcement, military, educational and
commercial markets, today announced the company has received a new
purchase order for its training simulators under the previously
announced indefinite delivery/indefinite quantity (IDIQ) contract
with the United States Department of State (DOS). The new
order is valued at approximately $1.25 million and is expected to
be delivered in the third quarter of 2018.
The DOS is expected to donate the training
simulators to the Ukraine and Mexico in support of U.S. Foreign
Assistance programs. The simulators are anticipated to be used
in basic and advanced weapons training for developing proficiency
in marksmanship, use of force judgment skills, close quarters
shooting skills and other related skills which law enforcement
personnel face in the execution of their duties.
“With this order, VirTra expands its presence
into the Ukraine, expanding our international presence and
furthering our relationship with the Department of State,” said
Jason Mulcahy, general manager of VirTra. “VirTra simulation
training is one of the best ways to prepare law enforcement
officers for the high stress encounters they can face in their
daily work. We are pleased to provide our systems to the Department
of State in support of our foreign allies.”
About VirTraVirTra is a global
provider of 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 realistic and
highly-effective virtual reality and simulator technology. Learn
more about the company at www.VirTra.com.
Forward-looking StatementsThis
news release includes certain information that may constitute
forward-looking statements. Forward-looking statements are
typically identified by terminology such as “could,” “may,” “will,”
“expects,” “anticipates,” “future,” “intends,” “plans,” “believes,”
“estimates,” “proposed,” “planned,” “potential” and similar
expressions, or are those, which, by their nature, refer to future
events. All statements, other than statements of historical fact,
included herein, including statements about VirTra’s beliefs and
expectations, are forward-looking statements. Forward-looking
information is necessarily based upon a number of assumptions that,
while considered reasonable, are subject to known and unknown
risks, uncertainties and other factors which may cause the actual
results and future events to differ materially from those expressed
or implied by such forward-looking information. Although VirTra
believes that such statements are reasonable, it can give no
assurance that such forward-looking information will prove to be
accurate. VirTra cautions investors that any forward-looking
statements by the Company are not guarantees of future results or
performance, and that actual results may differ materially from
those in forward-looking statements as a result of various factors.
Accordingly, due to the risks, uncertainties and assumptions
inherent in forward-looking information, readers and prospective
investors in the Company’s securities should not place undue
reliance on forward-looking information. All forward-looking
information contained in this press release is given as of the date
hereof, and is based upon the opinions and estimates of management
and information available to management as at the date hereof and
is subject to change. The Company assumes no obligation to revise
or update forward-looking information to reflect new circumstances,
whether as a result of new information, future events or otherwise,
except as required by law.
Media contact:Susan
LehmanSlehman@virtra.com(510) 599-6555
Investor relations contact:Brett Maas
vtsi@haydenir.com(646) 536-7331
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