VirTra Founder and Executive Chairman Bob Ferris Inducted into the National Center for Simulation’s Modeling & Simulation Hall of Fame

Rhea-AI Summary

VirTra, Inc. announces the induction of its Founder and Executive Chairman, Bob Ferris, into the National Center for Simulation (NCS) Modeling & Simulation (M&S) Hall of Fame. Ferris is recognized for his pioneering work in virtual reality technology and his contributions to the simulation industry. VirTra is a global provider of training simulators for law enforcement and military markets. The Company has a presence in 40 countries worldwide and is known for its innovative solutions in training simulation.

CHANDLER, Ariz., Oct. 31, 2023 (GLOBE NEWSWIRE) -- VirTra, Inc. (Nasdaq: VTSI) (“VirTra” or the “Company”), a global provider of judgmental use of force training simulators, firearms training simulators for the law enforcement and military markets, today announces the induction of its Founder and Executive Chairman, Bob Ferris, into the National Center for Simulation (NCS) Modeling & Simulation (M&S) Hall of Fame. This prestigious recognition, bestowed upon Ferris for his groundbreaking work and continued thought leadership in the simulation industry, reflects VirTra’s legacy of innovation and its commitment to continually improving training effectiveness. Ferris was inducted alongside other 2023 inductees at a ceremony on October 12, 2023. The video of the Hall of Fame Induction Ceremony can be viewed here.

Ferris is widely acknowledged as a trailblazer in the early adoption of virtual reality (VR) technology for educational and entertainment purposes, with his pioneering efforts dating back to the 1990s. He is sometimes recognized as a "Grandfather of VR” for his visionary contributions to the field. Initially, his company, Ferris Productions, focused on immersive VR for other markets, however, a pivotal moment arose when Ferris was inspired to leverage this emerging technology to support first responders, including police and the military, in the aftermath of the 9/11 attacks. This transformative decision led to the evolution of Ferris Productions into VirTra, a company that now extends its support to military and law enforcement agencies across 40 countries worldwide. VirTra has garnered an industry-leading reputation for its innovative solutions in training simulation.

The M&S Hall of Fame represents a very rare and highly regarded achievement. As per information available on the NCS website, the NCS's objective is 'to honor, recognize, and protect the legacy of individuals who have significantly contributed to advancements in modeling and simulation.' Ferris’s inclusion in the 10^th Hall of Fame class is a testament to his esteemed position within the simulation community. After the upcoming induction, the Wall of Fame in the Orange County Convention Center’s South Concourse will feature 39 simulation pioneers to now include Ferris.

“It is a great honor to be inducted into the NCS M&S Hall of Fame alongside a group of individuals who have shaped the foundations of the simulation industry,” said Executive Chairman Bob Ferris. “I am confident in the trajectory of simulation training to improve and save lives with certified curriculum and ever advancing technology. It has been rewarding beyond words to dedicate my career to giving every advantage possible for those courageous men and women who, daily, put themselves in harm’s way to serve their communities and country.”

For a comprehensive list of all Hall of Fame members, including Bob Ferris, and access to their biographies, please click here to visit the NCS website.

As VirTra marks its three decades in business, the Company remains focused on a future characterized by continued growth, enhanced market presence and industry-leading solutions for the simulation and training industry.

About National Center for Simulation (NCS)
The NCS is a non-profit trade association supporting and expanding the M&S community and is committed to promoting M&S technology expansion, education and workforce development and providing business development assistance to its members. Learn more at www.simulationinformation.com.

About VirTra, Inc.
VirTra (Nasdaq: VTSI) is a global provider of judgmental use of force training simulators and firearms training 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.

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 risks 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 Alec Wilson
Gateway Group, Inc.
VTSI@gateway-grp.com
949-574-3860

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ea79732a-90a3-4873-9549-59ef2b355d72

FAQ

Who is being inducted into the National Center for Simulation (NCS) Modeling & Simulation (M&S) Hall of Fame?

Bob Ferris, the Founder and Executive Chairman of VirTra, Inc., is being inducted into the NCS M&S Hall of Fame.

What is VirTra known for?

VirTra is a global provider of judgmental use of force training simulators and firearms training simulators for the law enforcement and military markets.

How many countries does VirTra have a presence in?

VirTra has a presence in 40 countries worldwide.

What is the National Center for Simulation (NCS) objective?

The NCS's objective is to honor, recognize, and protect the legacy of individuals who have significantly contributed to advancements in modeling and simulation.

What is the significance of Bob Ferris's induction into the NCS M&S Hall of Fame?

Bob Ferris's induction into the NCS M&S Hall of Fame reflects his esteemed position within the simulation community and VirTra's legacy of innovation.