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It's pretty obvious that Meggitt is basically copying VirTras model and validates it. They must see opportunity.
like you said they must stay ahead and I believe they will.
The curriculum is a great value add and should help with sell through...
A few Dept of State awards came out over the weekend totaling $270k
Judy was an executive, but never a board member.
Cross Functional Team
Is VirTra about to disrupt the AR/VR & Mixed Reality markets for Soldier squad training?......They could just be the player on a CFT to do it.
lets wait and see.
There are multiple initiatives for STE....yes, your right about some of it being few years out but there is an immediate need in other areas. One example is the Squad Advanced Marksmanship Trainer. This is the one i'm keyed in on right now as it focuses on everything VirTra does well. Simulated ballistics capabilities, Large and heavy weaponry simulators with the Latest optics patent for accuracy -See Link
https://www.uah.edu/news/people/center-for-applied-optics-director-joins-virtra-inc-as-nasdaq-bell-is-rung
and the capability to produce all the weapons they need at the Machine shop and this will be a "Training as A Service" Contract. I've mentioned Training as a Service many times here.
Connect the Dots
From Article Below
"In addition to this movement, in conjunction with the Soldier Lethality CFT, Gervais pointed to “a focused effort to increase lethality of our combat soldiers and Marines. And we have done that in a couple of ways. No. 1 is an immediate training capability: a Squad Advanced Marksmanship Trainer, to get that out in the field to our combat soldiers so they can start training immediately. And this is delivered as a ‘training as a service’ capability."
https://www.ausa.org/news/continuing-progress-highlighted-synthetic-training-environment
Watch the video Below at time stamp 7:50 and 12:50 - The need for an immediate training solution - Squad Advanced Marksmanship Trainer...General Chiarelli seems be be the one to watch.
https://www.dvidshub.net/video/631823/ausa-2018-warriors-corner-13-synthetic-training-environment-cross-functional-team-update
And finally this From the Army today
https://www.armytimes.com/news/your-army/2018/10/11/new-virtual-marksmanship-and-squad-immersive-trainers-are-headed-to-dozens-of-army-locations-next-year/
"A new virtual marksmanship trainer for squads is headed to 26 Army locations early next year and will soon be followed by an early version of the squad immersive trainer.
The squad advanced marksmanship trainer is an immediate development that will feed into a complete overhaul of how the Army and Marine Corps combines the crush of new virtual and augmented technologies with live training events.
Major General Maria Gervais and Major General William Mullen to speak at Synthetic Training and Simulation
Published: Oct 11, 2018 2:20 p.m. ET
ORLANDO, Fla., Oct. 11, 2018 /PRNewswire/ -- The U.S. Army is looking to collaborate with cross functional teams, industry, and academia to develop the synthetic training environment (STE) and streamline the acquisition process.
The inaugural Synthetic and Simulation Training summit, taking place November 7 – 9 at the Marriott Orlando Downtown, will be providing the platform to discuss the future direction and utilization of virtual training & simulation technologies.
The summit will also feature out-of-the-box industry sectors such as augmented and virtual reality and gaming sectors to test previously un-thought of markets to advance training capabilities on the terrain they will eventually fight on.
Amongst an astounding lineup of military and industry speakers from PEO STRI, U.S. Army Contracting Command - Orlando, Lockheed Martin, UARC and more; Major General Maria R. Gervais and Major General William F. Mullen will be delivering keynote addresses.
"We need to improve our home-station training capability through simulations. As (Soldiers) enter into the live environment, they go in with increased proficiency. That's where I see the synthetic training environment is going to be the most beneficial. Today, much of the integrated training environment is actually operating on 1980s and 1990s technologies and limits training functionality," said Major General Maria R. Gervais.
Major General Gervais is the most senior leader within the synthetic training environment, while Major General Mullen is responsible for developing, coordinating, and executing training programs for the U.S. Marines.
Attendees will also be able to test, practice and explore some of the latest technologies, including products from Bohemia Interactive Simulations, VirTra, and Moulage Concepts.
*The Synthetic Training and Simulation summit is free for all active U.S. Military and Government employees.
https://www.marketwatch.com/press-release/major-general-maria-gervais-and-major-general-william-mullen-to-speak-at-synthetic-training-and-simulation-2018-10-11
Your response doesn't surprise me...you continuously provide a negative spin on just about every topic and person working at Virtra..... You continue to prick and pry and make personal attacks at people you don't know well enough or at all.
I'm here, and many other because we believe in the company, management, staff, the BOD and it's products. It's the reason why i own so much of this company(more than most). I will continue to support VirTra's cause and mission to better train and protect the lives of LE and Mil personnel.
Why do you feel the need to continuously attack, and belittle management in public domain? You should take it private in a professional way.
If I felt the way you did I would state my gripes and if management didn't change I would look to invest my money elsewhere.
Best regards
TEEROY
Synthetic Training Event Nov 7th - STE - DD
I find it very credible and a major achievement for VirTra to be included in such an event with such grand speakers.....In addition Virtra is one of three sponsoring it and one of a few private sector companies speaking.....VirTra, Lockheed Martin and Bohemia Interactive. The speakers are mostly Generals, Program Leaders, Decision makers, ect.
This is a very large Program and will be heavily competed by all the large Defense contractors.
Note: This is for informational purposes only and I'm not implying VirTra will be awarded anything related to this program
Links to event.
https://synthetictraining.iqpc.com/
https://synthetictraining.iqpc.com/speakers
https://synthetictraining.iqpc.com/sponsors
Background articles and Videos
https://breakingdefense.com/2018/03/war-games-army-replacing-1980s-simulators-with-gaming-tech/
https://ispr.info/2018/04/24/u-s-army-deletes-bureaucracy-to-develop-advanced-training-simulations/
I just got back from Happy hour with a close friend of mine who has a broad range of skills and responsibilities supporting both commercial and federal customers. I showed him your response to my previous post.....he said, " Does this guy have a clue.....gov't money is where you need to be...especially with this Administration....has he ever heard of Lockheed Martin, Mitre, or Northrop Grumman....that's exactly where you want to be....All small companies should be trying to partner with the big guys.
Federal contracts is one of the top reasons why I'm here and have always communicated that to VirTra Management. Selling to municipalities is NOT EASY as you have stated numerous times the IT IS.....they are dependent on budgets and have long lead times. I'll take a Federal budget over a state and local budget any day.
Do I wish the stock price was higher! Absolutely.....but I have no problem waiting out the long game when it's done right.
STE is a Billion dollar program......you should look more into it......pieces of the program look like a good fit for VirTra
Been watching the STE Program for over a year.....Advancing quickly ....need to follow STE.
Good Intro
Sounds like many years and man hours went into the development of this new Software product
if I were to guess this product could and would be a good candidate for Training as a Service (TAAS) and could be rolled out pretty quickly.
Here is another LIOLIOS client Shotspotter.....went public a year ago and are in the law enforcement technology space and have a SAAS model. There has been a lot of chatter over the last year about how does VirTra convert their Business model to SAAS. It's fun to hope that VirTra's share price could see similar gains.
They are similar in size and share structure
https://finance.yahoo.com/quote/SSTI/chart?p=SSTI#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
New products and program announcements coming soon <30 days
VirTra to Ring Nasdaq Opening Bell on Tuesday, August 21
TEMPE, Ariz., Aug. 17, 2018 (GLOBE NEWSWIRE) -- VirTra, Inc. (Nasdaq: VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has accepted an invitation to ring the opening bell at the Nasdaq Exchange on Tuesday, August 21, 2018.
The ceremony commemorates VirTra’s listing on the Nasdaq Capital Market in March 2018. Members of VirTra’s leadership team will join Chairman and CEO Bob Ferris to ring the bell.
"The ceremony is a celebration of our recent listing on the Nasdaq Exchange,” said Ferris. “Beyond that milestone, this moment symbolizes the culmination of 25 years of determination, hard work and a focus on improving and saving lives through engineering superior and innovative solutions. This is an exciting time at VirTra, and we certainly couldn’t do it without the support and commitment from our extraordinary employees, customers, partners, and valued shareholders.”
The ceremony will be held at Nasdaq’s MarketSite in New York City and will be webcast live starting at 9:20 a.m. Eastern time via the following link: https://livestream.com/nasdaq/live.
About VirTra
VirTra (Nasdaq: VTSI) is a global provider of 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 realistic and highly-effective virtual reality and simulator technology. Learn more about the company at www.VirTra.com.
Media Contact:
Susan Lehman
Slehman@virtra.com
510-599-6555
Investor Relations Contact:
Matt Glover or Tom Colton
VTSI@liolios.com
949-574-3860
Related Articles
More articles issued by VirTra, Inc.
More articles related to:
Company Announcement
Calendar of Events
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VirTra, Inc.
I think so too!!! and did ;)
Good day today as $VTSI churned some old positions out.
I believe we should have several good months of stock appreciation ahead.
* New product, software and services announcements
* Significant Partnerships added to their network
* An acquisition
* Federal supply contract announcements.
It was a great move to wait till after a good Qtr to ring the bell and hopefully they tie it in with an announcement or event.
Holy shitto!!!
Huge quarter!!!
10Q is out
Always nice to see UOF policy shifting towards immersive training.
https://denverite.com/2018/08/06/denver-police-release-new-use-of-force-policy-and-emphasize-virtual-reality-as-key-to-future-training/
Agencies are flushed with cash? That’s something I’ve never heard.....all I hear about is local budget cuts across the nation.
Just google it
https://nationalpolicesupportfund.com/police-department-budget-cuts-officer-safety/
Tried googling police dept’s are flushed with cash.....nothing came up.
I think it’s fair to say that selling to local law enforcement agencies and municipalities is not as easy as you say in your post even for a superstar. State LE budgets are tight and it’s very difficult for them to get approval for new technologies and must go through a lengthy process. They just don’t have a meeting, snap their fingers and buy a 200k v-300 the next week.
Federal funding and grants are helping these cash strapped agencies get their hands on items like body cameras, tasers, body armor and simulators but it’s a slow process.
Milo, laser shot, ti training, meggitt and EIS are all vying for similar business. I’m sure they have sales rockstars!! Why aren’t they selling huge sums of UOF simulators? Meggit sells alot single screen FATS simulators for military training with cubic but its based on an old program of record won years ago.
I think it’s pretty clear that these other companies are entering the UOF space because the funding is coming.....it’s not if but when.
Lots of money requested for DHS / border patrol, DOJ, and DOS next year. Waiting on approval.
I agree with some of the things you preach here but not the sales efforts. They’ve put a lot of effort in changing the way LE can and will be trained now and into the future....it’s an educational process thats taken years.
Here’s a snippet from Meggitt who is entering Virtras space and are much larger.
“Meggitt also understands that funding remains a roadblock for many departments and agencies to obtain the training equipment they require. As a way to ease some of the financial burden, Meggitt is proud to partner with PoliceGrantsHelp.com to provide free grant assistance, allowing law enforcement agencies to secure advanced training equipment. Grant assistance is a significant resource for agencies with constricted budgets to secure funding for improved departmental training.
We get an upgrade to $12 this AM and only two shares traded so far....what the heck!!! Ferris sucks. ;)
Lots of grant money to buy some simulators
“ Grant recipients are encouraged to use grant funding to maintain and sustain current critical core capabilities through investments in training and exercises,”
https://www.dhs.gov/news/2018/05/21/dhs-announces-funding-opportunity-fiscal-year-fy-2018-preparedness-grants-0
DHS Announces Funding Opportunity for Fiscal Year (FY) 2018 Preparedness Grants
Release Date: May 21, 2018
Secretary of Homeland Security Kirstjen M. Nielsen today announced the release of Fiscal Year (FY) 2018 Notices of Funding Opportunity for eight DHS preparedness grant programs totaling more than $1.6 billion. The grant programs provide funding to state, local, tribal, and territorial governments, as well as transportation authorities, nonprofit organizations, and the private sector, to improve the nation’s readiness in preventing, protecting against, responding to, recovering from and mitigating terrorist attacks, major disasters and other emergencies. The grants reflect the Department’s focus on funding for programs that address our nation’s immediate security needs and ensure public safety in our communities.
“The administration remains committed to strengthening the security and resilience of our state and local communities,” said Secretary Nielsen. “The DHS grant programs are flexible by design and will be used to help address evolving threats. They will go toward building and sustaining capabilities across all levels of government and the whole community to maximize preparedness.”
The FY 2018 grant guidance will continue to focus on the nation’s highest risk areas, including urban areas that face the most significant threats. For FY 2018, the Urban Area Security Initiative (UASI) will enhance regional preparedness and capabilities by funding 32 high-threat, high-density urban areas. This represents Congressional intent to limit FY 2018 UASI funding to those Urban Areas that represent up to 85 percent of the nationwide risk, as stated in the Explanatory Statement accompanying the Department of Homeland Security Appropriations Act, 2018 (Pub. L. No. 115-141).
Consistent with previous grant guidance, dedicated funding is provided for law enforcement and terrorism prevention throughout the country to prepare for, prevent and respond to pre-operational activity and other crimes that are precursors or indicators of terrorist activity.
Grant recipients are encouraged to use grant funding to maintain and sustain current critical core capabilities through investments in training and exercises, updates to current planning and procedures, and lifecycle replacement of equipment. New capabilities that are built using homeland security grant funding must be deployable if needed to support regional and national efforts. All capabilities being built or sustained must have a clear linkage to the core capabilities articulated in the National Preparedness Goal.
Preparedness Grant Program Allocations for Fiscal Year 2018:
Emergency Management Performance Grant (EMPG)—provides more than $350 million to assist state, local, tribal, territorial governments in enhancing and sustaining all-hazards emergency management capabilities.
Homeland Security Grant Program (HSGP)—provides more than $1 billion for states and urban areas to prevent, protect against, mitigate, respond to, and recover from acts of terrorism and other threats.
State Homeland Security Program (SHSP)—provides $402 million to support the implementation of risk-driven, capabilities-based State Homeland Security Strategies to address capability targets. States are required to dedicate 25 percent of SHSP funds to law enforcement terrorism prevention activities.
Urban Area Security Initiative (UASI)—provides $580 million to enhance regional preparedness and capabilities in 32 high-threat, high-density areas. States and Urban Areas are required to dedicate 25 percent of UASI funds to law enforcement terrorism prevention activities.
Operation Stonegarden (OPSG)—provides $85 million to enhance cooperation and coordination among local, tribal, territorial, state and federal law enforcement agencies to jointly enhance security along the United States land and water borders.
Since the enactment of the 9/11 Act, FEMA has required states to ensure that at least 25 percent of the total funds awarded to them under SHSP and UASI are dedicated toward law enforcement terrorism prevention activities (LETPA). The total LETPA allocation can be satisfied from SHSP, UASI or both. In addition, states must obligate at least 80 percent of the funds awarded under SHSP and UASI to local or tribal units of government within 45 days of receipt of the funds.
Tribal Homeland Security Grant Program (THSGP)—provides $10 million to eligible tribal nations to implement preparedness initiatives to help strengthen the nation against risk associated with potential terrorist attacks and other hazards.
Nonprofit Security Grant Program (NSGP)—provides $60 million to support target hardening and other physical security enhancements for nonprofit organizations that are at high risk of a terrorist attack. This year, $50 million is provided to nonprofits in UASI-designated urban areas, and $10 million is provided to nonprofits located in any state or territory.
Intercity Passenger Rail - Amtrak (IPR) Program—provides $10 million to protect critical surface transportation infrastructure and the traveling public from acts of terrorism and increase the resilience of the Amtrak rail system.
Port Security Grant Program (PSGP)—provides $100 million to help protect critical port infrastructure from terrorism, enhance maritime domain awareness, improve port-wide maritime security risk management, and maintain or reestablish maritime security mitigation protocols that support port recovery and resiliency capabilities.
Transit Security Grant Program (TSGP)—provides $88 million to owners and operators of transit systems to protect critical surface transportation and the traveling public from acts of terrorism and to increase the resilience of transit infrastructure.
Intercity Bus Security Grant Program (IBSGP)—provides $2 million to owners and operators of intercity bus systems to protect critical surface transportation infrastructure and the traveling public from acts of terrorism and to increase the resilience of transit infrastructure.
All preparedness Notices of Funding Opportunities can be found at www.grants.gov. Final submissions must be made through the Non-Disaster (ND) Grants system located at https://portal.fema.gov.
Further information on DHS’s preparedness grant programs is available at www.dhs.gov and http://www.fema.gov/grants.
Hey Bill....still here....earnings were disjointed and i'm disappointed.
OT- This fake me out economy is based on leverage and massive amounts of debt world wide. Now that QE has ended and QT and has started, and all the economic problems we face it won’t look so great within a year or two.....it’s all been based on optics....JMO
This may becoming back into play....watching very closely
Thinking TADSS 3.5
Listen to the last 8 minutes of the interview.....
Coming soon.....
Major changes in how simulation training is used
Partnerships
So what your saying is Hayden has loose lips?
VirTra Awarded Additional $1.25 Million Order by U.S. Department of State
TEMPE, Ariz., April 24, 2018 (GLOBE NEWSWIRE) -- VirTra, Inc. (Nasdaq:VTSI), a global provider of training simulators for the law enforcement, military, educational and commercial markets, today announced the company has received a new purchase order for its training simulators under the previously announced indefinite delivery/indefinite quantity (IDIQ) contract with the United States Department of State (DOS). The new order is valued at approximately $1.25 million and is expected to be delivered in the third quarter of 2018.
The DOS is expected to donate the training simulators to the Ukraine and Mexico in support of U.S. Foreign Assistance programs. The simulators are anticipated to be used in basic and advanced weapons training for developing proficiency in marksmanship, use of force judgment skills, close quarters shooting skills and other related skills which law enforcement personnel face in the execution of their duties.
"With this order, VirTra expands its presence into the Ukraine, expanding our international presence and furthering our relationship with the Department of State," said Jason Mulcahy, general manager of VirTra. "VirTra simulation training is one of the best ways to prepare law enforcement officers for the high stress encounters they can face in their daily work. We are pleased to provide our systems to the Department of State in support of our foreign allies."
This is an interesting statement
“VirTra is setting up facilities in several states to offer the training itself. In addition, the company is selling its systems.”
http://www.thepostnewspapers.com/northern_wayne/local_news/officers-get-a-taste-of-the-future-of-training/article_0b24b84a-cbfa-5c31-8ca3-be1845274b06.html
The national sales organization is key for growth....maybe we here more about that before the MicroCap conference and Bobs able to be more candid on the topic.
Saweeet! Keep those PR's coming.....anyone besides me think Virtras been waiting for NASDAQ to release the goods.
Sorry just realized I copied and pasted the wrong link.
https://microcapconf.com