Tempe, Arizona (September 22, 2014) — VirTra Systems (OTC Pink: VTSI), a leading provider of use of force training and shooting simulators to military, law enforcement agencies and other organizations, today announced the Company recently received an award from the U.S. Department of Homeland Security totaling $5.96 million.
Ryan Bray, VirTra’s Regional Manager, said, “We are proud to add the U.S. Customs and Border Protection to our growing list of customers who’ve selected VirTra to provide them with the most effective simulator training systems available. The safety of the officers who protect our borders as well as those they encounter on a daily basis is very important to VirTra and we look forward to a long-term relationship with Customs and Border Protection.”
The award contains multiple units of VirTra’s industry leading V-300™ simulator system. The contract also includes the VirTra V-Author™ software package and other accessories. Multiple systems will be deployed within the Customs and Border Protection network of facilities for training of field agents and officers responsible for the protection of our nation’s borders.
Jason Mulcahy, VirTra’s General Manager, commented, “VirTra’s dedication to enhancing the capabilities of our products to meet the ever-changing real world scenarios for our customers is unequaled in the industry. VirTra’s objective is to continue to utilize cutting edge technology coupled with the latest training techniques to prepare for the challenges our customers will face in the field.”
Bob Ferris, VirTra’s Chief Executive Officer, stated, “We are honored by the contract award to VirTra by U.S. Department of Homeland Security. It is our plan to exceed their expectations and thus further our goal of providing the most effective simulators to an ever growing list of customers.”
About VirTra Systems
VirTra is a global leading provider of the world’s most realistic and effective use of force and firearm shooting 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.