CHANDLER, Ariz. — July 18, 2022 — VirTra, Inc. (NASDAQ: VTSI) (“VirTra”), a global provider of judgmental use of force training simulators, and firearms training simulators for the law enforcement and military markets, has received a nearly $700,000 contract agreement from The Federal Law Enforcement Training Centers (FLETC) for coverage on 59 VirTra simulators deployed in four separate locations.  

FLETC became a VirTra customer in 2019, representing the first customer to receive VirTra’s ultra-high definition 4K simulation systems. VirTra’s systems are located across FLETC facilities in Artesia, NM, Charleston, SC, Cheltenham, MD, and Glynco, GA. The 59 single screen simulators are used to train thousands of Federal Police officers and agents.  

“We are proud of our partnership with FLETC and pleased to see their trainers embrace VirTra’s unique approach to effective training,” said Bob Ferris, chairman and co-CEO of VirTra. “We are honored by the thousands of officers from over 60 federal agencies given crucial training with VirTra’s systems. This new agreement reflects the value of our solutions and the success of our ongoing training partnership with FLETC.” 

The simulators and their associated hardware and software will be on an annual service plan that ensures up-to-date equipment, judgmental use of force and de-escalation scenarios, and skill drills. This includes updating software to the latest version and features as well as performing maintenance on hardware such as recoil kits and CEW devices. The period of contract performance will extend through 2026. 

 

About VirTra, Inc. 

VirTra (NASDAQ: VTSI) is a global provider of judgmental use of force training simulators, firearms training simulators and driving simulators for the law enforcement, military, educational and commercial markets. The company’s patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship, and related training that mimics real-world situations. VirTra’s mission is to save and improve lives worldwide through practical and highly effective virtual reality and simulator technology. Learn more about the company at www.VirTra.com. 

About FLETC 

The Federal Law Enforcement Training Centers (FLETC) provides career-long training to law enforcement professionals to help them fulfill their responsibilities safely and proficiently. Over the past 49 years, FLETC has grown into the Nation’s largest provider of law enforcement training. Under a collaborative training model, FLETC’s federal partner organizations deliver training unique to their missions, while FLETC provides training in areas common to all law enforcement officers, such as firearms, driving, tactics, investigations, and legal training. Learn more at www.fletc.gov. 

Forward-Looking Statements 

The information in this discussion contains forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections. The words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “should,” “could,” “predicts,” “potential,” “continue,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. The forward-looking statements are applicable only as of the date on which they are made, and we do not assume any obligation to update any forward-looking statements. All forward-looking statements in this document are made based on our current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. In evaluating these statements, you should specifically consider various factors, uncertainties and risks that could affect our future results or operations. These factors, uncertainties and risks may cause our actual results to differ materially from any forward-looking statement set forth in the reports we file with or furnish to the Securities and Exchange Commission (the “SEC”). You should carefully consider these risk and uncertainties described and other information contained in the reports we file with or furnish to the SEC before making any investment decision with respect to our securities. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement. 

 

Investor Relations Contact: 

Matt Glover and Jeff Grampp, CFA 

Gateway Group, Inc.  

VTSI@gatewayir.com 

949-574-3860 

TEMPE, Ariz. — October 29, 2019 — VirTra, Inc. (NASDAQ: VTSI), a global provider of training simulators for the law enforcement, military, educational, and commercial markets, has received an order from the U.S. Department of Homeland Security’s Federal Law Enforcement Training Centers (FLETC) for VirTra’s newest ultra-high-definition (UHD) 4K simulators.

FLETC will be the first agency to receive VirTra’s new UHD simulators. The new simulators utilize 4K resolution projectors and more accurately reproduce objects, visual details, body language and non-verbal threat cues. These enhancements enable officers to train to recognize and appropriately respond to subtle nuances in human behavior and movement that were imperceptible with previous technology. In addition to the new simulators, VirTra will deliver industry-leading training content, which includes scenarios related to use-of-force, dog encounters, elderly populations and special needs persons, just to name a few.

FLETC is the nation’s largest provider of law enforcement training. The organization helps train law enforcement professionals at all stages in their careers to perform their responsibilities safely and proficiently. FLETC intends to utilize the simulators and new content for its use-of-force Judgmental Pistol Shoot (JPS) Program at its training academies in Glynco, GA and Artesia, NM. The JPS program is specifically designed to improve the use-of-force decision making process of basic academy level recruits.

“FLETC is a well-respected organization that trains thousands of officers each year, and we’re pleased to add them to our long list of federal clients,” said Jason Mulcahy, VirTra’s General Manager. “In addition to increasing the number of officers who will have access to our systems and training content, this order also indicates that there is immediate demand in the marketplace for next generation, ultra-high-definition simulators. We look forward to providing FLETC with cutting-edge training for essential law enforcement skills to help them properly prepare officers for the challenging situations they may face at any moment.”

VirTra debuted new UHD-based simulator technology at the International Association of Chiefs of Police (IACP) Conference from October 26-29, 2019. To learn more about these and other new products, visit VirTra IACP 2019 or visit VirTra at booth #4430 to experience the company’s industry-leading solutions first-hand.

About VirTra:
VirTra (NASDAQ: VTSI) is a global provider of judgmental use of force training simulators, firearms training simulators and driving simulators for the law enforcement, military, educational and commercial markets. The company’s patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship and related training that mimics real-world situations. VirTra’s mission is to save and improve lives worldwide through practical and highly-effective virtual reality and simulator technology. Learn more about the company at www.VirTra.com.

About FLETC:
The Federal Law Enforcement Training Centers (FLETC) provides career-long training to law enforcement professionals to help them fulfill their responsibilities safely and proficiently. Over the past 49 years, FLETC has grown into the Nation’s largest provider of law enforcement training. Under a collaborative training model, FLETC’s federal partner organizations deliver training unique to their missions, while FLETC provides training in areas common to all law enforcement officers, such as firearms, driving, tactics, investigations, and legal training. Learn more at www.fletc.gov.

Forward-Looking Statements:
This news release includes certain information that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by terminology such as “could,” “may,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “proposed,” “planned,” “potential” and similar expressions, or are those, which, by their nature, refer to future events. All statements, other than statements of historical fact, included herein, including statements about VirTra’s beliefs and expectations, are forward-looking statements. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Although VirTra believes that such statements are reasonable, it can give no assurance that such forward-looking information will prove to be accurate. VirTra cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. Accordingly, due to the risks, uncertainties and assumptions inherent in forward-looking information, readers and prospective investors in the Company’s securities should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof, is based upon the opinions and estimates of management and information available to management as at the date hereof and is subject to change. The Company assumes no obligation to revise or update forward-looking information to reflect new circumstances, whether as a result of new information, future events or otherwise, except as required by law.

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Investor Relations Contact:
Matt Glover or Charlie Schumacher
VTSI@gatewayir.com
949-574-3860