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SIMIGON WINS USAF VIRTUAL REALITY SYSTEMS SUPPLIER CONTRACT

SimiGon Ltd

("SimiGon" or the “Company")

SimiGon wins USAF Virtual Reality systems supplier contract

SimiGon, Ltd. (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that it was awarded a further strategic contract with the United States Air Force ("USAF") to provide Virtual Reality (VR) systems for Columbus Air Force Base (the “Contract”).

This Contract further strengthens SimiGon's position in providing Virtual and Mixed Reality technologies for training.

Awarded as part of a USAF-wide, rapid innovation effort, the Contract clearly demonstrates to the market that SimiGon is a reliable integrator and supplier of VR and MR systems for its clients.

The Contract is also strategically significant for expanding SimiGon’s work to Columbus, Mississippi, an Undergraduate Pilot Training (UPT) air base.

The expected revenue from the Contract has already been factored into management's expectations for the year ended 31 December 2019.

SimiGon President & CEO, Ami Vizer, said: "This VR systems supply contract is a natural fit for SimiGon, as we’ve been active in VR for almost two decades. SimiGon is well positioned to support USAF’s innovation efforts in the VR realm. We expect this contract to lead to additional VR supplier opportunities in the USAF and in the Government and Commercial training space.”

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