Recent News

SimiGon Ltd

("SimiGon" or "the Company")

SimiGon receives follow-on FAA contract for UAS simulation software

Contract to provide additional software licenses and services for FAA UAS R&D

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that it has received a prime contract (the “Agreement”) with the US Federal Aviation Administration (FAA) to deliver the Company’s SIMbox simulation software, SIMbox simulation development tools, and engineering services for the FAA’s Advanced Unmanned Aircraft System Research Simulator (“AURS”).

This is a follow-on order from the original contract announced in September 2017 and is worth approximately $120,00...

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7 February 2018

SimiGon Ltd

("SimiGon" or "the Company")

SimiGon awarded additional USAF support contract

SimiGon to provide additional Contractor Logistics Support (CLS) for USAF simulators

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that it has been awarded a 28 month contract from the United States Air Force (USAF) to provide additional Contractor Logistics Support (CLS) for SIMbox-based T-6A Level 5 FAA Compliant Flight Training Devices (FTD) (the “Contract”).

Under the Contract’s period of performance of 28 months, SimiGon will provide warranty support for the additional six simulators delivered as part of the task order with Booz Allen in 2016, a...

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SimiGon Ltd

("SimiGon" or "the Company")

Pre-close trading update

SimiGon Limited (“SimiGon” or “the Company”), a global leader in providing simulation training solutions, announces an update on trading for the year ended 31 December 2017 (the “Period”) ahead of announcing its final results for the Period in April 2018.

The Company expects, subject to customary year end and audit adjustments, to report revenue of approximately $4.3 million and an adjusted net loss of approximately $1.1 million for the Period. As set out in the Company’s interim results, procedural delays in concluding the signatory processes over the significant contract with the Israeli Air Force were resolved later in the ...

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SimiGon Ltd

("SimiGon" or "the Company")

Directorate Change

SimiGon, a global leader in modeling, simulation and training solutions, announces that Eitan Cohen, non-executive director of the Company, has resigned from the Company with immediate effect due to a change in circumstances regarding his employment in another company resulting in him no longer being permitted to hold his position as a non-executive director of SimiGon.

Ami Vizer, Chief Executive Officer of SimiGon, said: “We would like to thank Eitan for his contribution to the Company and wish him all the best for the future.”

To view full AIM announcement

SimiGon Ltd
("SimiGon" or "the Company")

Share buyback programme

SimiGon Ltd (LSE: SIM), a global leader in modeling, simulation and training solutions, announces that it has today put in place an irrevocable, non-discretionary programme for the repurchase of up to USD$106,000 (approximately £79,000) of its ordinary shares (the “Programme”).

The Programme will be independently managed by finnCap Ltd, the Company’s nominated adviser and broker, which will make trading decisions independently and without the influence of the Company. Any ordinary shares repurchased on behalf of the Company will be held in treasury and will be notified to a Regulatory Information Service in accordance with the AIM Rules for Companies.

The...

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SimiGon Ltd

("SimiGon" or the "Company")

Update on Strategic Contract

Regulatory approval received for $2 million contract with Israeli Air Force

Contract for advanced F-16 maintenance training solution propels SimiGon into new, lucrative vertical

SimiGon, Ltd. (LSE: SIM), a global leader in modelling, simulation & training solutions, is pleased to announce that it has now received final regulatory approval for a $2 million purchase order received from the Israeli Air Force (“IAF”) (initially announced on 20 June 2016).

As reported in the Company’s interim results on 25 September 2017, the approval processes in respect of the contract has been subject to ongoing procedural delays. Delivery is expected to be over a 1...

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SimiGon Ltd

(“SimiGon” or “the Company")

Interim Results for the six months ended 30 June 2017

SimiGon Ltd (LSE: SIM), a global leader in providing simulation and training solutions, announces its interim results for the six months ended 30 June 2017 (the “Period”).

Financial Highlights

  • Net loss of $0.45 million (H1 2016: Net profit of $0.83 million)

  • Revenues of $2.19 million (H1 2016: $3.29 million)

  • Gross margin 78% (H1 2016: 78%)

  • Basic and diluted loss per share $0.01 (H1 2016: Basic and diluted earnings per share $0.02)

  • Paid 2016 annual dividend of 0.136 cents per share

Operational Highlights

  • Continued success in securing new business in core defence-related market:Delivery milestones achieved for large scaled contracts as prime contractor, including the successful completion of all systems delivery milestones for $6.7 million contract announced in June 2013

    • Successful leveraging of the potential scope of work for upgrading the USAF T-6A Flight Training Devices (FTD)
    • Successful development efforts in support of Lockheed Martin’s UK Military Flight Training System (UKMFTS) including extended onsite support and additional license contracts
  • Continued to support major military flight training programmes including the support for large European aircraft training program and the U.S. Air Force Air Education Training Command on its T-6 Modular training devices

  • Continue to identify additional opportunities and expand into the commercial vertical and civilian training markets

  • Ongoing R&D efforts to enable simulation based training across all hardware devices and positioning the Company for new high growth market opportunities

Post Period Event

  • Awarded $100,000 prime contract with the US Federal Aviation Administration, representing SimiGon’s expansion into the civilian Unmanned Aircraft Systems vertical markets
  • Shareholder approval secured for share buyback programme which the Company intends to launch in the near future

Mr. Ami Vizer, Chief Executive Officer of SimiGon, stated: “As disclosed on our trading update (announced on 28 July 2017), the financial results for the Period have been affected mainly by the procedural delays in concluding the signatory processes over the contract with the Israeli Air Force for F16 maintenance trainers (announced on 20 June 2016) and by costs incurred as a r...

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SimiGon Ltd

("SimiGon" or "the Company")

Result of Annual General Meeting

SimiGon, a global leader in modeling, simulation and training solutions, announces that at the Company’s Annual General Meeting held earlier today all resolutions were duly passed.

To view full AIM announcement

SimiGon Ltd
("SimiGon" or "the Company")
SimiGon secures FAA contract for UAS simulation
SIMbox technology will be used for Civilian UAS R&D

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that it has been awarded a prime contract with the US Federal Aviation Administration ("FAA") to deliver the SIMbox simulation development tools and training in support of the FAA's advanced Unmanned Aircraft Systems ("UAS") Research Simulator. This contract is a significant milestone in SimiGon's expansion into civilian vertical markets including civilian aviation and civilian UAS. It also establishes the FAA as a SIMbox Certified Organization ("SIMCO"), providing the FAA with an internal SIMbo...

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SimiGon Ltd

("SimiGon" or "the Company")

Notice of Results

SimiGon, a global leader in providing simulation solutions, will announce the Company's interim results for the six months ended 30 June 2017 on Monday, 25 September 2017.

Enquiries:

SimiGon Ltd


Ami Vizer, Chief Executive Officer

Efi Manea, Chief Financial Officer


www.simigon.com


Tel: +1 (407) 951 5548


finnCap (NOMAD & Broker)


Henrik Persson/Scott Mathieson (corporate finance)


Stephen Norcross (corporate broking)


Tel: +44 (0) 20 7220 0500


Alma PR (Public Relations)


Hilary Buchanan/Josh Royston/Helena Bogle Tel: +44 (0) 208 004 4217