RECENT NEWS

SimiGon Ltd

("SimiGon" or "the Company")

SimiGon wins U.S. Marine Corps Virtual Reality simulators contract

SimiGon to supply Marine Corps Recruiting Command with Virtual Reality Simulators

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that it has been awarded a contract by the United States Marine Corps (USMC) to provide Virtual Reality (VR) simulators. The Company will provide the Marine Corps Recruiting Command with SimiGon’s SIMbox-based F/A-18C and AH-1Z low-cost, portable VR simulation devices (the “Contract”).

Under the Contract, SimiGon is to deliver a turnkey hardware-software solution for up to twenty-fiv...

SimiGon Ltd

(“SimiGon” or the “Company")

Interim Results for the six months ended 30 June 2021

SimiGon Ltd (LSE: SIM), a global leader in providing simulation and training solutions, announces its interim results for the six months ended 30 June 2021 (the “Period”).

• Revenues increased by 40% to $1.89 million (H1 2020: $1.35 million).

• Gross margin of 67% (H1 2020: 49%).

• Operating expenses increased by 2% to $1.92 million (H1 2020: $1.88 million).

• Operating loss decreased by 46% to $0.66 million (H1 2020: $1.22 million).

• Net loss decreased by 49% to $0.65 million (H1 2020: $1.27 million).

• Basic and diluted loss per share of $0.01 (H1 2020: loss per share $0.02).

• Liquid ca...

SimiGon Inc. is pleased to announce that Dr. Wes Naylor, CAPT, USN (Ret), has joined the Company’s Advisory Board.

Dr. Naylor is a visionary with many contributions to next-generation learning technologies and their application within the military, cyber, and commercial training domains. Dr. Naylor is a former Commanding Officer of the Naval Air Warfare Center Training Systems Division (NAWCTSD), the Navy's principal center for research, development, test and evaluation, acquisition and product support of training systems. His expertise led to consultation on future projects for the White House, Department of Defense, and the Department of the Navy.

As an Advisory Board Member, Dr. Nay...

SimiGon Ltd

(“SimiGon” or the “Company")

SimiGon Re-awarded Blanket Purchase Agreement from USAF

SimiGon, Ltd. (LSE: SIM), a global leader in modeling, simulation and training solutions, is pleased to announce its independently operated U.S. subsidiary, SimiGon Inc., has been re-awarded with a Blanket Purchase Agreement (the “BPA”) from the United States Air Force ("USAF") for the supply of Virtual and Mixed Reality Systems for Integrated Training Devices (ITD) (the “Contract”) for a four year period. This follows on from the BPA announced Aug 22, 2019.

SimiGon Inc. was one of three contractors awarded with this BPA, which enables the United States Go...

SimiGon Ltd

(“SimiGon” or the “Company")

United States Air Force Extends SimiGon Inc. Support Contract

SimiGon, Ltd. (LSE: SIM), a global leader in modeling, simulation and training solutions, is pleased to announce that its independently operated US subsidiary, SimiGon Inc., has been awarded a one-year support contract for SimiGon’s SIMbox software, used in T-6A Level 5 FAA Compliant Flight Training devices (the “Contract”), a key component of the United States Air Force (USAF) Undergraduate Remotely Piloted Aircraft Training (URT) program (the “URT Program”).

SimiGon has provided a 98% availability rate for the sixteen (16) SIMbox-based T-6A L...

SimiGon Ltd

(“SimiGon” or “the Company”)

POSTING OF ANNUAL REPORT

SimiGon Ltd (AIM: SIM), a global leader in providing simulation and training solutions, announces that an electronic copy of its Annual Report for the year ended 31 December 2020 has been uploaded and is available on the Company's website at: www.simigon.com or here

To view full AIM Announcement

SimiGon Ltd

("SimiGon" or "the Company")

Court Ruling in The Action for Prerogative Relief

SimiGon Ltd. (the “Company”), a global leader in providing simulation solutions, announces that the Company has received the court ruling in relation to the legal action filed by D.D Goldstein Real Estates and Investment Ltd. (“Goldstein”) as announced on January 14, 2020. Goldstein sought prerogative relief concerning resolutions approved at the Company's annual general meeting held on December 30, 2019 regarding the appointment of directors and the determination of their compensation.

The court ruled that Mr. Ami Vizer should be considered a “controlling shareholder” ...

SimiGon Ltd

("SimiGon" or "the Company")

Delivery of Flight Simulation Training Devices to the United States Air Force Recruiting Service

SimiGon Inc. successfully delivers simulation-based training for USAF Recruiting Service

SimiGon Inc., the independently operated American subsidiary of SimiGon (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce the successful delivery of Flight Simulation Training Devices (FSTD) to the United States Air Force Recruiting Service AIM HIGH Flight Academy. SimiGon, as a subcontractor to Vali, Inc. for the AHFA (the “Contract”), provided 5 FSTD’s configured for the Cessna 172L, M and N models.

This...

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 2020 (the “Period”).

Financial Highlights

• 
  

  Revenues of $3.22 million (2019: $4.88 million), the decrease reflecting slower progress in delivering against project milestones due to COVID-19 restrictions and limitations on securing expected new business wins

  
  


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  Consequential small impact on gross margin of 57% (2019: 63%)

  
  


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  Operating loss of $2.13 million (2019: $1.45 million) mitigated by reducing operating expenses by 13% to $3.95 million (2019: $4.5...

SimiGon Ltd

("SimiGon" or "the Company")

Delivery of USAF VR Deicer Trainer

SimiGon successfully delivers 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 successful delivery of the SIMbox Virtual Reality Aircraft De-icing Simulator (SVADS) to the United States Air Force (published October 11, 2020).

As part of the Contract with the United States Air Force (USAF), SimiGon provided its Commercial Off the Shelf (COTS) SVADS. This is comprised of SimiGon’s baseline SIMbox software, SIMbox aircraft deicing simulation module and relevant hardware to the respect...