VTSI .294
TEMPE, Ariz., Oct. 03, 2016 (GLOBE NEWSWIRE) -- VirTra, Inc. (OTC Pink:VTSI), a leading provider of use of force simulators and firearms training simulators, today announced that it has received its third and fourth orders for delivery of law enforcement simulators under the previously announced indefinite delivery/indefinite quantity (IDIQ) contract by the United States Department of State (DOS) that could result in up to $40 million in revenue for law enforcement training simulator equipment and services over the order period, which expires in April 2021. These orders are valued at approximately $1.4 million and will consist of both multi and single screen training simulators, related accessories and training for three additional locations in Mexico and six new locations in Costa Rica.
“We are pleased to have received these delivery orders under our IDIQ contract with the DOS to supply additional firearm training simulator systems for the U.S. Foreign Assistance Program,” said Bob Ferris, Chairman and CEO of VirTra. “With these orders, we will have installed our training simulators in fifteen of the eighteen locations identified for this program to date, bringing the total value of the contracts that we have been awarded to approximately $2.6 million. We are proud to be working with the DOS and look forward to an ongoing and mutually beneficial relationship.”
The simulators are expected to be used “in basic and advanced weapons training for developing proficiency in marksmanship, use of force judgment skills, close quarters shooting skills, tactical reloading and weapon malfunction clearing related to typical situations which law enforcement personnel face in the execution of their duties.”
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