VirTra Awarded $1.9 Million Contract to Support the Air Force Research Laboratory
August 31 2020 - 8:00AM
VirTra, Inc. (NASDAQ: VTSI) (“VirTra”), a
global provider of training simulators for the law enforcement,
military, educational and commercial markets, has been awarded a
$1.9 million indefinite delivery/indefinite quantity (IDIQ)
contract as a result of the Company’s recent partnership with
Infoscitex (IST), a subsidiary of DCS Corporation, in support of
the Air Force Research Laboratory’s Airman Decision Making and
Interface Research (ADMIRE) program.
Under the terms of the agreement, VirTra will serve as a
subcontractor to IST, which recently secured a portion of the
6-year ADMIRE contract, valued at $135 million. The intent of the
contract is to develop technology that improves US military
warfighters’ decision-making and marksmanship skills. As part of
its partnership with IST, VirTra will develop an expanded
high-resolution library of content and an enhanced simulation
software engine, which will also integrate biometric feedback that
is captured, synched, and meta tagged to improve models and
methodologies that optimize human performance. VirTra’s work on
this task order has already begun and VirTra’s involvement on the
contract is expected to run through June 30, 2022.
“One of our strategic priorities is to leverage our unique
expertise and the world’s best simulation training technology and
apply it to the military market,” said Bob Ferris, CEO of VirTra,
Inc. “Recent events have brought to light that VirTra’s training
technology is indispensable for law enforcement. And while we are
continuing our push to ensure that law enforcement personnel have
the best decision-making, marksmanship, and use-of-force training
available, the fact remains that these needs extend directly to the
military market as well. We’re very encouraged by our recent
traction in the military market, but even more so, we’re especially
cognizant of our unique position to help all first responders
effectively improve essential skills.”
About VirTra VirTra (NASDAQ: VTSI) is a global
provider of judgmental use of force training simulators, firearms
training simulators and driving 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.
About InfoscitexInfoscitex and its parent
company, DCS Corporation, offer advanced technology and management
solutions to Government agencies in the DoD and national security
sector. The transformative ideas, commitment to quality and
entrepreneurial spirit that characterize our employee-owners allow
us to ensure the success of each client’s mission and actively
contribute to the well-being of the Nation.
Investor Relations Contact:Matt Glover or
Charlie Schumacher VTSI@gatewayir.com949-574-3860
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