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SimiGon Ltd

("SimiGon" or "the Company")

United States Air Force adds additional SimiGon support services for T-6A simulators

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that the United States Air Force (USAF) has executed a contract amendment (the “Contract Amendment”) to add additional support services for the sixteen T-6A Level 5 Flight Training Devices (FTD) under the Contractor Logistics Support contract for SIMbox-based T-6A Level 5 FAA Compliant FTD announced 7 February 2018.

Under the Contract Amendment SimiGon will provide maintenance support personnel to help with the ongoing upkeep of the FTD’s currently used by the USAF under the existing Cont...

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The following replaces the 'Transaction in Own Shares and Total Voting Rights' announcement released on 10 October 2018 at 6:21 pm under RNS No 6619D.

The announcement contained elements which have been amended due to the fact that the Company was informed that as a result of clerical error, a total of 63,571 ordinary shares have been purchased and not 84,773 as previously announced.

The full amended text is shown below.

SimiGon Ltd

("SimiGon" or "the Company")

Transaction in Own Shares and Total Voting Rights

SimiGon Ltd (LSE: SIM), a global leader in modeling, simulation and training solutions, announces that, pursuant to the share buyback programme (the "Programme") announced on 1 December 2017, the Company purchased 63,571 ordinary...

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SimiGon Ltd

("SimiGon" or "the Company")

Transaction in Own Shares and Total Voting Rights

SimiGon Ltd (LSE: SIM), a global leader in modeling, simulation and training solutions, announces that, pursuant to the share buyback programme (the "Programme") announced on 1 December 2017, the Company purchased 84,773 ordinary shares of 0.01 NIS each in the capital of the Company ("Ordinary Shares") at the average price per Ordinary Share of 14 pence ("Buyback Shares") through finnCap Ltd (acting as the Company's broker) on 10 October 2018.

The Buyback Shares, along with any other Ordinary Shares purchased by the Company pursuant to the Programme, will be held in treasury.

Following the purchase of the Buyback Shares, the total number of votin...

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SimiGon Ltd

("SimiGon" or "the Company")

SimiGon to supply USAF with VR technical simulators

SimiGon to provide Virtual Reality simulation based training for USAF De-icing technicians

SimiGon (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that the United States Air Force Europe (USAFE) has contracted the Company to deliver its Commercial Off the Shelf (COTS) SIMbox Virtual Reality Aircraft De-icing Simulator (SVADS).

This contract is SimiGon’s second aircraft deicer simulation contract win in the past six months and exhibits how the Company and its technology can be quickly taken up once new markets and applications are identified.

As part of the Contract, SimiGon will deliver...

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SimiGon Ltd

("SimiGon" or "the Company")

SimiGon wins $1.1 million dollar contract with the Israeli Air Force for T-6A training devices

SimiGon (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that it has received a $1.1 million contract from the Israeli Air Force ("IAF") to provide SIMbox-based T-6A Simulation Based Trainers to the IAF Flight Academy (the “Contract”).

The Contract for the new trainers is a progression of SIMbox Ground Based Training Systems (GBTS) for other platforms in the IAF inventory, including the M-346 Advanced Jet Trainer (AJT). This Contract solidifies SIMbox as the IAF’s major training technology platform for its aircrew and maintainer aca...

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SimiGon Ltd

(“SimiGon” or “the Company")

Interim Results for the six months ended 30 June 2018

SimiGon Ltd (LSE: SIM), a global leader in providing simulation and training solutions, announces its interim results for the six months ended 30 June 2018 (the “Period”).

Financial Highlights

  • Period-on-period increase in revenues to $2.40 million (H1 2017: $2.19 million)

  • Gross margin in line with comparative period 77% (H1 2017: 78%)

  • Net loss of $0.26 million (H1 2017: net loss $0.45 million) before doubtful debt provision of $0.45 million

  • Basic and diluted loss per share $0.01 (H1 2017: Basic and diluted loss per share $0.01)

  • Purchased a total of 255,000 Ordinary Shares as part of the Company’s share buyback program.

Operational Highlights

  • Continued success in securing additional business in core defence-related market:

  • Awarded additional onsite support services contract for the sixteen T-6A Level 5 Flight Training Devices (FTDs) with the United States Air Force (“USAF”);

  • Contracted to provide USAF with Virtual Reality (VR) Aircraft De-icing Simulation Based Training;

  • Secured additional work scope for Lockheed Martin’s UK Military Flight Training System (UKMFTS);Achieved delivery milestones for $2 million contract announced in June 2016 for the Israeli Air Force for F16 maintenance trainers (IAF F16 Maintenance Trainer); and

    • Continued to secure additional business in other domains beside defence-related market and signed a contract with the US Federal Aviation Administration (“FAA”);

    • Continued to support major military flight training programmes including:

    • The USAF Air Education and Training Command Undergraduate Remotely Piloted Aircraft Training (“URT”);

    • Successful development and delivery efforts in support of Lockheed Martin’s UKMFTS program;

    • Supplying software and services as part of long term relationship with a major existing European customer;

  • 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 Events

  • Bought back 100,000 ordinary shares of 0.01 NIS each in the capital of the Company at the price of 14.5 pence and 117,000 ordinary shares of 0.01 NIS each in the capital of the Company at the price of 14 pence as part of the on-going share buyback program.

  • Release of SIMbox version 5.7, August 2018, providing many new platform capabilities along with major performance upgrades.

Mr. Ami Vizer, Chief Executive Officer of SimiGon, stated: “We are pleased to report increased revenues and, excluding the one-time provision for doubtful debts provision, the financial results for the Period show an improvement in losses as compared to the related period in 2017.

“We continued to execute upon our strategy for the underlying business, deliver project milest...

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SimiGon Ltd

("SimiGon" or "the Company")

Transaction in Own Shares and Total Voting Rights

SimiGon Ltd (LSE: SIM), a global leader in modeling, simulation and training solutions, announces that, pursuant to the share buyback programme (the "Programme") announced on 1 December 2017, the Company purchased 117,000 ordinary shares of 0.01 NIS each in the capital of the Company ("Ordinary Shares") at the average price per Ordinary Share of 14 pence ("Buyback Shares") through finnCap Ltd (acting as the Company's broker) on 7 September 2018.

The Buyback Shares, along with any other Ordinary Shares purchased by the Company pursuant to the Programme, will be held in treasury.

Following the purchase of the Buyback Shares, the total number of vot...

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17 August 2018

SimiGon Ltd

("SimiGon" or "the Company")

Transaction in Own Shares and Total Voting Rights

SimiGon Ltd (LSE: SIM), a global leader in modeling, simulation and training solutions, announces that, pursuant to the share buyback programme (the "Programme") announced on 1 December 2017, the Company purchased 100,000 ordinary shares of 0.01 NIS each in the capital of the Company ("Ordinary Shares") at the average price per Ordinary Share of 14.5 pence ("Buyback Shares") through finnCap Ltd (acting as the Company's broker) on 17 August 2018.

The Buyback Shares, along with any other Ordinary Shares purchased by the Company pursuant to the Programme, will be held in treasury.

Following the purchase of the Buyback Shares, the tota...

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SimiGon Ltd

(“SimiGon” or the “Company”)

Posting of Annual Report and Accounts

SimiGon Ltd (LSE: SIM), a global leader in modelling, simulation and training solutions, announces that its Annual Report and Accounts for the year ended 31 December 2017 has been posted to shareholders. An electronic copy of the Annual Report and Accounts is also available on the Company's website at: SimiGon_2017_Annual Report

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SimiGon Ltd

("SimiGon" or "the Company")

United States Air Force adds additional SimiGon support for T-6A simulators

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that the United States Air Force (USAF) has executed a contract amendment (the “Contract Amendment”) to add additional onsite support services for the sixteen T-6A Level 5 Flight Training Devices (FTDs) under the Contractor Logistics Support contract for SIMbox-based T-6A Level 5 FAA Compliant FTDs announced 7 February 2018 (the “Contract”).

This increases the total Contract value, for which the Company will be entitled to invoice the client up to additional $315,100 during the 12 month peri...

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