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
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
Consequential small impact on gross margin of 57% (2019: 63%)
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...
SimiGon Ltd
("SimiGon" or the "Company")
Trading update
SimiGon Limited (LSE: SIM), a global leader in providing simulation training solutions, provides the following trading update on an unaudited basis in relation to the year ended 31 December 2020 and ahead of announcing its audited final results in late April 2021.
The Company is pleased to report that the second half of the financial year is expected to be stronger than the first and the Company expects this improving trend to continue as the global economy opens up and the vaccine roll-out continues. Revenues for the second half were 39% higher as compared to the first, and the Company’s net adjusted loss for the second half was 29% ...
SimiGon Ltd
("SimiGon" or "the Company")
Result of Annual General Meeting
SimiGon, a global leader in providing simulation solutions, announces that at the Company’s Annual General Meeting held earlier today all resolutions were duly passed.
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 17 December 2020 that he acquired 100,000 shares at a price of 0.06 pence per ordinary share of 0.01 ILS (“Ordinary Shares”) in the Company. Mr. Erez now holds a total of 2,075,000 Ordinary Shares (4.04% of the issued share capital of the Company).
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 six (6) month contract extension to continue its Contractor Logistics Support (CLS) for SimiGon’s SIMbox-based T-6A Level 5 FAA Compliant Flight Training Devices for the United States Air Force.
Under the extension, SimiGon will continue to provide turnkey onsite and offsite support services for the Undergraduate Remotely Piloted Aircraft Training (URT) program. In this program, SimiGon has been consistently providing a 98% availability rate for the sixteen SIMbox-based T-6A Level 5 Flight Trainin...
SimiGon (LSE: SIM), a global leader in providing simulation training solutions, is pleased to announce the successful systems deliveries of its F-16 VMT solution for the Israeli Air Force (the “IAF), announced on 04 April 2017 (the “Programme”) and pronounced as Ready for Training (RFT). The F-16 VMT supporting the aircraft’s C, D and I variants is used by the IAF technician training academy in support of basic through advanced maintenance training tasks.
SimiGon’s maintenance training technology infrastructure and solution significantly increases training effectiveness over traditional maintenance training methods and has led to additional maintenance training c...