Recent News

SimiGon Ltd

(“SimiGon” or the “Company")

Holding in Company

SimiGon Ltd (LSE: SIM), a global leader in providing simulation and training solutions, has been informed by Gal Erez on 13 October 2020 that he acquired 100,000 shares at a price of 0.065 pence per ordinary share of 0.01 ILS (“Ordinary Shares”) in the Company on 12 October 2020. Mr. Erez now holds a total of 1,625,000 Ordinary Shares (3.2% of the issued share capital of the Company).

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2 Oct 2020

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 the addition of another United States Air Force (USAF) customer and has been contracted to deliver its Commercial Off the Shelf SIMbox Virtual Reality Aircraft De-icing Simulator (the “Contract”).

As part of the Contract, SimiGon will deliver several SIMbox Virtual Reality Aircraft De-icing Simulator comprised of SimiGon’s baseline SIMbox software, SIMbox aircraft deicing ...

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SimiGon Ltd

("SimiGon" or the "Company")

SimiGon continues to capitalize on its investment in Virtual Maintenance Training technology

SimiGon awarded additional $0.5 million for the C-130 Virtual Maintenance Training contract

SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is pleased to announce that it has been awarded with additional $0.5 million extension to its C-130 Virtual Maintenance Training (“VMT”) contract previously announced in 2 December 2020 (the "Contract") by a large international defense company (the “Defense Company”). The Contract is for the design, development and implementation of a C-130 VMT solution for the Isra...

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This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.

SimiGon Ltd

(“SimiGon” or the “Company")

Interim Results for the six months ended 30 June 2020

SimiGon Ltd (LSE: SIM), a global leader in providing simulation and training solutions, announces its interim results for the six months ended 30 June 2020 (the “Period”).

Financial Highlights

  • Revenues decreased by 50% to $1.35 million (H1 2019: $2.68 million) reflecting slower progress in delivering against project milestones due to COVID-19 restrictions and limitations on securing expected new business wins

  • Pipeline for H2 and beyond gives confidence in l...

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SimiGon Ltd

("SimiGon" or "the Company")

SimiGon promotes Jack Sarnicki to President

SimiGon announces Jack Sarnicki is appointed President and COO of SimiGon Inc.

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce the promotion of Chief Operating Officer, Jack Sarnicki, to President of SimiGon Inc.

Mr. Sarnicki joined SimiGon Inc in August 2019 as a Chief Operating Officer (COO) and is currently leading the strategic mergers and acquisition effort.

Mr. Sarnicki’s military career encompassed 25 years in the United States Air Force Reserve ("USAFR") where he held both operational and technical engineering positions, ending his milit...

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SimiGon Ltd

(“SimiGon” or “the Company”)

POSTING OF ANNUAL REPORT AND ACCOUNTS

SimiGon Ltd (LSE: SIM), a global leader in providing simulation and training solutions, announces that an electronic copy of its Annual Report and Accounts for the year ended 31 December 2019 has been uploaded and is available on the Company's website at: www.simigon.com or here

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SimiGon Ltd

("SimiGon" or "the Company")

SimiGon M&A team seeks to acquire small businesses

SimiGon announces establishment of an M&A team to acquire strategic training businesses

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce the establishment of a Mergers & Acquisitions (M&A) team.

SimiGon’s M&A team, led by Chief Operating Officer, Jack Sarnicki, will perform financial and technical due diligence on suitable acquisitions. The Company is seeking to acquire simulation & training businesses that are aligned with the Company’s strategic focus in the Government and Commercial training and simulation market. “Sim...

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SimiGon Ltd

("SimiGon" or "the Company")

USAF extends SimiGon support contract

SimiGon awarded Contractor Logistics Support (CLS) contract extension for USAF T-6A training devices

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that the United States Air Force (USAF) has awarded the Company a contract extension to continue its Contractor Logistics Support (CLS) for SimiGon’s SIMbox-based T-6A Level 5 FAA Compliant Flight Training Devices (the “Contract”).

Under the Contract, SimiGon will continue to provides turnkey onsite and offsite support services (the “Service”) for the sixteen T-6A Level 5 Fligh...

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SimiGon Ltd

(“SimiGon” or the “Company")

Audited Full Year Results

SimiGon Ltd (LSE: SIM), a global leader in providing simulation and training solutions, announces its audited full year results for the year ended 31 December 2019 (the “Period”).

Financial Highlights

• Revenues decreased by 3% to $4.88 million (2018: $5.03 million)
• Gross margin decreased to 63% (2018: 81%)
• Operating loss increased by 91% to $1.45 million (2018: $0.76 million)
• Net loss increased by 44% to $1.45 million (2018: $1.01 million)
• Basic and diluted loss per share of $0.03 (2018: loss per share $0.02)
• Liquid cash and cash equivalents of $6.04 million a...

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SimiGon Ltd

("SimiGon" or "the Company")

Result of General Meeting

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