SimiGon Limited Completion of milestones for US$6.7m contract
July 05 2017 - 2:00AM
RNS Non-Regulatory
TIDMSIM
SimiGon Limited
05 July 2017
5 July 2017
SimiGon Ltd
("SimiGon" or the "Company")
Successful completion of all systems delivery milestones for
US$6.7 million contract announced in June 2013
Systems deployed and fully operational at customer site
SimiGon (LSE: SIM), a global leader in providing simulation
training solutions, is pleased to announce that it has successfully
completed all systems delivery milestones and received the
requisite client confirmations in relation to the $6.7 million
contract announced on 24 June 2013 (the "Programme").
The successful collaboration with the customer has led to a more
advanced training system being developed. The experience gained
from this turnkey programme will be useful in marketing SIMbox
training solution to other potential customers worldwide, extending
SimiGon's market reach.
The final solution provided to the customer provides the
trainees with personalized, dynamic training lessons utilizing
SimiGon's Virtual Instructor technology. Automated feedback reports
provide trainees and instructors a detailed debrief of areas that
require more focus. Simulation based training lessons are enhanced
by an offline capability enabling trainees to continue their
training and remain up-to-date on their own. SIMbox's client-server
architecture enables organizational decision makers and training
officers to track trainee progress information over time, monitor
objectives, provide digitized feedback and records and transform
into an organization capable of constant improvement, aided by an
advanced training system.
SimiGon's disruptive training and simulation solutions are
adopted by leading organizations worldwide to maintain high and
up-to-date training levels while working within the reality of
budget constraints. SimiGon's successful execution of this
Programme has shown her potential as a leading player in the
aviation training market. The Company relies on its successful
completion to position herself in running for similar training
programme successfully.
SimiGon President & CEO, Ami Vizer, said: "We are pleased to
announce the successful completion of all systems delivery
milestones. The experience and know-how obtained during the
delivery of this Programme will be leveraged to further new
business opportunities for SimiGon and our partners within the
SIMbox ecosystem. We are proud to be part of this major Programme
as a prime contractor, marking a significant milestone in SimiGon's
strategic aim to lead more opportunities as prime. We are looking
forward to extending this solution and concept to meet other
training needs worldwide."
Enquiries:
SimiGon Ltd Tel: +1 (407)
Ami Vizer, Chief Executive 951 5548
Officer
Efi Manea, Chief Financial
Officer
www.simigon.com
finnCap (NOMAD & Broker) Tel: +44 (0) 20
Henrik Persson/Scott Mathieson 7220 0500
(corporate finance)
Stephen Norcross (corporate
broking)
+44(0) 208 004
Alma PR (Public Relations) 4217
Hilary Buchanan/Josh Royston/Helena
Bogle
This information is provided by RNS
The company news service from the London Stock Exchange
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