TEMPE, AZ., Nov. 23, 2015 (GLOBE NEWSWIRE) — VirTra Systems (OTC Pink:VTSI), a leading provider of use of force simulators and firearms training simulators, today announced that it has recently received an award from an undisclosed international customer in the approximate amount of $3.6 million.
VirTra will supply, install and maintain multiple units of its industry leading V-300™ simulator system at the customer’s locations in 2016. The systems employ multiple screens, realistic video training content and an electric impulse return fire system to simulate the stress of real-world situations – preparing officers for hostile situations with skills honed and refined in realistic scenarios before lives are on the line.
Jason Mulcahy, VirTra’s General Manager, said, “It has been our goal to expand our international business, so as to deliver the most effective and realistic use of force training and ballistically accurate marksmanship simulator solutions to law enforcement and other government agencies throughout the world, all while exceeding our customers’ expectations. This award from this new customer demonstrates our ongoing progress towards achieving that goal.”
Bob Ferris, Chairman and Chief Executive Officer of VirTra, commented, “We are honored to receive yet another significant award, which adds to our growing list of prominent international customers who’ve selected VirTra’s training simulators and accessories. We appreciate the opportunity to serve this new customer and look forward to working with them in 2016 and for years to come.”
VirTra is a global leading provider of the world’s most realistic and effective judgmental use of force simulators. VirTra is the higher standard in firearms training simulators, offering a variety of simulator platforms, powerful gas-powered recoil kits and the patented Threat-Fire™ simulated hostile return fire system. VirTra’s products provide the very best simulation training available for personnel that are entrusted with lethal force and critical missions. The Company’s common stock is not registered under the Securities Exchange Act of 1934 and the Company does not currently file periodic or other reports with the Securities and Exchange Commission.
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 “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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