7th Oct 2019 12:02
(Alliance News) - Simulation training provider SimiGon Ltd on Monday said it has expanded an existing long-term contract with a major European customer.
The client will be provided with the company's training and simulation environment platform, SIMbox.
SimiGon said: "The customer will use SIMbox technology as the baseline for a new aircraft platform joining its academic training centres. This is the fourth aircraft platform the customer has selected SIMbox as its ground-based training systems solution."
The expected revenue from this contract was already factored into internal expectations for 2019.
Chief Executive & Executive Chair Ami Vizer said: "This is another great win for SimiGon and illustrates our continued relationship with the customer. This is another excellent sign from the market that our advanced technologies accelerate training and save time and money for our partners. We appreciate the customer's confidence in our SIMbox products and look forward to continuing our relationship."
Shares in SimiGon were untraded in London on Monday afternoon, last quoted at 7.50 pence each.
By Eric Cunha; [email protected]
Copyright 2019 Alliance News Limited. All Rights Reserved.
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