Recent News

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...

Read more

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...

Read more

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...

Read more

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...

Read more

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

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

Notice of AGM

SimiGon today announces that the Annual General Meeting of the Company is to be held at 9.00 a.m. Eastern Standard Time (2.00 p.m. UK time) on Friday, September 08, 2017 at 111 S. Maitland Avenue, Suite 210, Maitland, Florida 32751, USA (the "Meeting").

The Notice of Annual General Meeting (the "Notice") will be mailed to shareholders at the close of business on Friday, 4 August, 2017 and an electronic copy of the Notice is available at the Company's website: http://www.simigon.com.

A shareholder, who would like to attend the Meeting in person or join via conference call using the dial-in details below, should follow the instructions as specified in the Notice which is available on the Co...

Read more

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.

If you are in any doubt as to the action you should take, you should immediately consult
your stockbroker, bank manager, solicitor, accountant or other independent financial
adviser authorised under the Financial Services and Markets Act 2000.

If you have sold or otherwise transferred all your shares in SimiGon Ltd., please send this
document and the accompanying documents to the purchaser or transferee, or to the stockbroker,
bank or other agent through whom the sale or transfer was effected for transmission to the
purchaser or transferee.

SIMIGON LTD.
(Registered in Israel under company number 51-268551-2)

NOTICE OF ANNUAL GENERAL MEETINGNotice of the annual general meeting to be ...

Read more

SimiGon, (LSE: SIM), a global leader in providing simulation training solutions, announces an update on trading for the six months ended 30 June 2017 (the "Period").

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) have persisted, preventing the Company from recording expected revenue of approximately $0.8 million during the Period. The Company continues to monitor closely progress with the Israeli Air Force contract and expects that revenue from this contract will be recognised in the second half of the year. While revenue in relation to this contract has not been able to be recognized for the Period, costs have been incurred ...

Read more

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. ...

Read more