VirTra Receives $1.3 Million Order from a Country in Europe

Rhea-AI Summary

VirTra (NASDAQ: VTSI) announces a $1.3 million order from a federal law enforcement agency in Europe for use-of-force simulators, including multiple V-ST PRO^® 4K simulators and training accessories. This order marks a significant validation of VirTra’s high-quality solutions, as they were the only company to meet the rigorous standards in the agency's request for proposal. The products will be installed at three locations, with training provided for equipment operation. This expansion underscores VirTra's commitment to enhancing law enforcement training capabilities worldwide.

Positive

• Received a $1.3 million order from a federal law enforcement agency in Europe.
• VirTra was the only company to meet the standards in the agency's RFP, highlighting competitive advantage.
• Installation and training will be provided at three different locations, enhancing customer support.

Negative

• None.

TEMPE, Ariz., Oct. 05, 2021 (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI) (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has received a $1.3 million order from a federal law enforcement agency in a European country for use-of-force simulators, weapon recoil kits and other training accessories.

The purchase order includes the delivery of multiple V-ST PRO^® 4K simulators, authoring software, Threat-Fire^®, weapon recoil kits, TASER training cartridges and other tools designed for simulator use. Of the many respondents to this overseas law enforcement agency’s request for proposal (RFP), VirTra was the only applicant to meet the standards required, validating the company’s continued focus on high-quality, value-add solutions.

“Having another European country benefit from our life-saving technology further expands our goal of supporting law enforcement worldwide,” said VirTra CEO and Chairman Bob Ferris. “By providing a multitude of tools to this client, the federal agency will be able to train with every tool on their belt in a safe environment to be better prepared in the field.”

The products will be delivered and installed soon in three different locations across the country. As part of the installation, the clients will receive training on system and hardware operation.

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.

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

FAQ

What is the recent order value for VirTra (VTSI)?

VirTra has received a $1.3 million order from a federal law enforcement agency in Europe.

What products are included in VirTra's recent order?

The order includes use-of-force simulators, V-ST PRO^® 4K simulators, weapon recoil kits, and training accessories.

Why was VirTra selected for the European law enforcement agency's order?

VirTra was the only company to meet the rigorous standards required in the agency's request for proposal.

How many locations will receive VirTra's products?

The products will be delivered and installed in three different locations across the European country.

What is VirTra's mission related to law enforcement training?

VirTra's mission is to save and improve lives worldwide through effective virtual reality and simulator technology.