News Details

SUCCESSFUL COMPLETION OF SYSTEMS DELIVERY MILESTONES FOR US$1.1 MILLION CONTRACT ANNOUNCED IN SEP 2018 WITH THE ISRAELI AIR FORCE

SimiGon Ltd

("SimiGon" or the "Company")

Successful completion of systems delivery milestones for US$1.1 million contract announced in Sep 2018 with the Israeli Air Force

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 systems delivery milestones and received the requisite confirmations from the Israeli Air Force (the “IAF”) in relation to the $1.1 million contract announced on 26 September 2018 (the “Programme”).

The successful collaboration with the customer has led to a more advanced training system being developed. The experience gained from the Programme will be useful in marketing SIMbox training solution to other potential customers worldwide, extending SimiGon’s market reach.

The Contract included the procurement of SIMbox-based T-6A training devices in a fully immersive, Virtual Reality (“VR”) environment. A total of 4 systemswith distributed training capabilities have been delivered in the first phase, enabling students to train through personal stations on most of the aspects of their syllabus. The stations include high resolution Common Database terrain and VR headsets to support advanced training of Aerobatic, Formation, Navigation and Circuit procedures, together with standard procedural and emergencies training. In the second phase, virtual instructor guided lessons are delivered as part of self-paced syllabus and together with advance instructor station the full training solution provides, accelerated and cost-effective training to the IAF cadets.

Ami Vizer, SimiGon's Chief Executive Officer and Executive Chairman said: “We are pleased to announce the successful completion of 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.”

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