VirTra Receives $1.37 Million Order from a New Client in the Middle East

Rhea-AI Summary

VirTra (NASDAQ: VTSI) announced a $1.37 million order for use-of-force simulators and training tools from a Middle Eastern country. This marks VirTra's first client win in this region, expanding its operational footprint to 40 countries globally. The order includes multiple V-ST PRO® simulators, a V-300® simulator, and Threat-Fire® electric consequence devices. The products will be delivered soon, with potential for additional sites. VirTra aims to enhance simulation training for law enforcement and military through this deal, emphasizing their technology's necessity in international markets.

Positive

• Received a $1.37 million order from a Middle Eastern country.
• First client win in the specific region, expanding its market presence.
• Deployment of technology in 40 countries worldwide, showcasing growth.

Negative

• None.

TEMPE, Ariz., Sept. 16, 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 $1.37 million order from a country in the Middle East for use-of-force simulators and various training tools, software and accessories.

The tools to be delivered and installed include multiple V-ST PRO® simulators, a V-300® simulator, V-Author PRO scenario authoring software, Threat-Fire® electric consequence devices, drop-in recoil weapon kits and additional accessories.

This is VirTra’s first client win in this specific country, adding to its portfolio of diverse clientele and proving its necessity among international agencies and military. VirTra’s simulators and technology will now be deployed through 40 different countries around the world.

“Working with our clients in the Middle East and expanding the presence of our life-saving technology has provided benefits to both VirTra, and the police and military who strive to protect their nations,” said VirTra General Manager Jason Mulcahy. “We look forward to further advancing simulation training both in the Middle East and worldwide.”

According to the agreement, products will be delivered soon at one site, with the potential for additional sites in the future. VirTra’s technicians and product specialists will provide system training and an advanced operator course in conjunction with the installation.

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
Gateway Group, Inc.
VTSI@gatewayir.com
949-574-3860

FAQ

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

VirTra received a recent order valued at $1.37 million.

What type of simulators is VirTra providing to the Middle Eastern country?

VirTra is providing use-of-force simulators, including multiple V-ST PRO® simulators and a V-300® simulator.

How many countries is VirTra's technology now deployed in?

VirTra's technology is now deployed in 40 different countries.

Is this VirTra's first client in the Middle East?

Yes, this is VirTra's first client win in the Middle Eastern country.

What products are included in the recent VirTra order?

The order includes V-ST PRO® simulators, a V-300® simulator, V-Author PRO software, and Threat-Fire® devices.