SimiGon Ltd

("SimiGon" or the “Company")

SimiGon wins United States Air Force mixed reality contract

SimiGon, Ltd. (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce that it was awarded with a further strategic contract with the United States Air Force ("USAF") to provide SIMbox-based T-6A Mixed Reality (MR) training devices for USAF Undergraduate Pilot Training (UPT) at Laughlin Air Force Base (the “Contract”).

MR enhances pilot training by blending virtual and physical worlds, for example trainees using the devices will be able to see their hands physically interact with the simulated cockpit while being fully immersed in a high-fidelity virtual environment. Trainees will be able to train individually and collectively, for example, in formation and tactical scenarios, using SimiGon’s Distributed Mission Training (DMT) technologies. Instructors will be able to track trainee progress using SimiGon’s advanced data analytics capabilities.

This Contract further establishes SimiGon’s training systems as incremental to USAF and international military aviation customer’s efforts to accelerate pilot training throughput and better address pilot shortages worldwide. By providing student pilots cost-effective, realistic training systems, significantly enhanced by VR and MR, SimiGon’s technologies and capabilities address this market opportunity.

The expected revenue from the Contract has already been factored into management's expectations for the year ended 31 December 2019.

SimiGon President & CEO, Ami Vizer, said: "We are excited to support the USAF UPT training needs with our advanced technologies integrated with MR to provide a truly accelerated learning environment. The USAF’s increased use of the Company’s technology and MR solutions for its training pipeline demonstrates the many advantages of SIMbox as a scalable, comprehensive training system. We expect this contract, where we have implemented a subscription-based pricing model, to lead to additional MR training opportunities in the USAF as well as more business in the wider civilian arena.”

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