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Buy in at todays price and make an easy 20%....if the Price is firm at 3.50.
Companies Raising Money/IPO generally create a BUZZ/newsworthy campaign around the pitch and event.....my question is when will that start. Virtra has been talking about significant future growth and new products over the last two quarters.....when will we hear about them.
If they can pull this off and generate a lot of BUZZ $VTSI may have a great run
From the Filing:
Broaden Product Offerings Since formation in 1993, our company has had a proud tradition of innovation in the field of simulation and virtual reality. We plan to release revolutionary new products
and services as well as continue incremental improvements to existing product lines. In some cases, the company may enter a new market segment via the introduction of a new type of product or service.
Ardly, yes a group of us are heading to MR after the meeting....please join us.
VirTra Grows International Simulator Sales with 3 Australian Law Enforcement Agencies
VirTra Simulator contracts total more than $750,000
https://globenewswire.com/news-release/2017/10/04/1140592/0/en/VirTra-Grows-International-Simulator-Sales-with-3-Australian-Law-Enforcement-Agencies.html
Another 500k in orders posted on govtribe since you posted this. :)
Tu hable espanol? yo no comprendo!!
for any of the spanish speaking folks....any good info in the vid?
https://www.facebook.com/SSP.Zac/videos/593447444379497/
VirTra Receives $2.6 Million in Contracts from U.S. Dept. of Homeland Security for Customs and Border Protection
http://globenewswire.com/news-release/2017/09/12/1118144/0/en/VirTra-Receives-2-6-Million-in-Contracts-from-U-S-Dept-of-Homeland-Security-for-Customs-and-Border-Protection.html
This is new and the commercial side makes me wonder.
https://www.virtra.com/investorshub/
Markets for Current Technology / Products
Law Enforcement – 17,000+ agencies in USA (currently in under 300) and virtually untapped international market Penetration: less than 10% TAM
Military – Simulation is growing due to improving technology and changing mindsets Penetration: less than 1% TAM
Commercial – Opportunities in Modern Round, Topgolf™, Gander Mountain, Dave&Busters, MainEvent, Cabelas/BassPro
DHS Customs and Border Protection $2m Virtra Systems, Inc.
Delivery Order
https://govtribe.com/contract/award/hsbp1016d00014-hsbp1017j00671
Great news. And positive. Fish is spot on. They just redeemed modernround shares....in a nutshell it's similar to buying back shares
VirTra Announces Block Share and Warrant Redemption
http://www.virtra.com/virtra-announces-block-share-warrant-redemption/
We'll be cheers-ing alright, kicking a few back is mandatory at the meet-up Thursday night before the shareholder meeting ;)
Not sure I agree with you regarding VirTras confidence and going after new unproven stuff. I think they want to improve on the platforms they have already created and add new value add tech along the way. Also entering new training markets ex. Flight, driver or headset training. Our customers who are normally gov purchasers know what they want, they send out the rfp and who ever develops the best value based solutions typically wins. They can create it based on the customers wants and needs.
Last year they pr'd the proxy and attached a shareholder letter adding clarity on past present and future. Hopefully we see something similar Monday.
Cheers ??
Jims an innovator in VR. Seems like an obvious choice.
https://www.vrfocus.com/tag/jim-richardson/
Jim Richardson addition to the board is interesting.
2017 proxy.....need to process this equity finance plan.
http://www.cstproxy.com/virtra/2017/proxy/images/VirTra-Proxy2017.pdf
Hi Andrew,
Not sure who's selling but I think the decline in share price over the last 8 months is due to the fact we have very few buyers, and only one meaningful press release besides earnings results.....and that's probably the reason why. Virtra has been extremely quiet but busy under the hood.....until they get the mouth piece going we'll probably bounce here between 1.90 and 2.25.
My guess, since the shareholder meeting is a month and a half away they will start the PR campaign again......
good start to the quarter....1.3 mil to be booked in q3 of the 40 mil IDIQ
SWHARC16D0003-SWHARC16F0043
Delivery Order
Virtra Systems, Inc. Tempe AZ 333318 6920
Total Small 6/7/17 9/27/16 Delivery 7/31/17
$790.1k
$790.1k
DOS
SWHARC16D0003-SWHARC16F0041
Delivery Order
Virtra Systems, Inc. Tempe AZ 333318 6920
Total Small 4/25/17 9/26/16 Delivery 8/1/17
$567k
$567k
Costa Rica Receives Virtual Shooting Ranges from the United States
The technology will allow Costa Rican security forces to practice high-risk situations at a very low cost.
https://dialogo-americas.com/en/articles/costa-rica-receives-virtual-shooting-ranges-united-states
Damn-it Bill. Wish you would of hung in their a little longer.
Did anyone else hear that when considering the 40 mil IDIQ they bid on the driver simulation contracts too? Did I hear that right?
Great quarter
reminder to send questions over to IR for the call on Monday.
yes, installing 1-3-5 screens is the easy part....software and content are the key.
Nice post, in your post you mentioned curriculum. creating and selling curriculum is big business.....not sure if Virtra classifies their scenerios or training as curriculum but if they did develop it as a value add it could help boost profits.
OT- I know of the company you speak, remember it well. The most distinct memory was at the shareholder meeting.... meeting all the large shareholders, seeing the vehicles, ect....it was a three day party. We may have crossed paths ;)
Called the D&B location, should be open this Saturday, in a separate room (previous arcade room) with 3 shooting bays.
The store with in a store concept......a significant savings and much easier to roll out across the country.
would like to know the terms you have with D&B and is this a test market?
VirTra Announces Share Repurchase Activity
TEMPE, Ariz., July 17, 2017 (GLOBE NEWSWIRE) -- VirTra, Inc. (OTCQX:VTSI), (the “Company”), a global provider of simulators for the law enforcement, military, educational and commercial markets, announced today that it has recently begun to repurchase shares of its common stock under the current share repurchase authorization approved by its Board of Directors in October of 2016. To date, these shares have been purchased in the open market pursuant to a trading plan that has been adopted in accordance with Rule 10b-18 of the Securities and Exchange Commission. All shares that have been purchased will be cancelled and eliminated from the existing outstanding share count. The Company will provide details on the number of shares purchased and the average price paid in its periodic financial reports. The timing, manner, price and amount of any future share repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors.
“While our primary objective is to invest in internal projects that offer attractive returns, the board decided to repurchase shares at this time, with the goal of delivering increased shareholder value,” said Bob Ferris, Chairman and CEO of VirTra.
For some time now, the board has been flooded with comments and personal remarks that have nothing to do with Virtra.
Albeit not forbidden, these kind of messages need to start with "OT" , off topic, so they can simply be ignored. it's time to re-introduce this good habit, just out of respect for the others.
Virtra recieved an amended amount of $446,784.30
Amendment Start Date: 8-Jun-2017
IMO Border protection and training is in high demand worldwide
CN ID: CN3354095
Agency:Department of Immigration and Border Protection
Publish Date: 24-Jun-2016
Category:Audio and visual equipment
Contract Period: 23-May-2016 to 22-May-2020
Contract Value (AUD): $1,838,072.00
Original: $1,391,287.70
Description:
Training simulators
Amendments:
CN3354095-A1 - change to value and term (30-Jun-2017)
Procurement Method:Limited tender
ATM ID:PCB REF NO. 1600228
Confidentiality - Contract: No
Confidentiality - Outputs: No
Consultancy:No
Agency Reference ID:0070016536
https://www.tenders.gov.au/?event=public.CN.Amendment.view&CNUUID=9BE114ED-C75D-421C-C17F749E83112C83
a bit more on this distributor ; translated
https://translate.google.com/translate?hl=en&sl=de&u=https://www.buk-sicherheit.de/&prev=search
https://www.buk-sicherheit.de/images/stories/wt%203-2017%20-%20Simulator%20Kummer.pdf
translated;
The company B.U.K. Sicherheit GmbH is currently developing a containerized simulation system for shooting training and tactical shooting training near Philippsburg. The system is available in various sizes, with a small version V-90 for a shooter and 90 ° view, via V-180 with 180 ° view with three screens, V-300 with 300 ° view and five screens (as shown in Philippsburg ) To the V-ST Pro Skills Trainer with the six shooting ranges. In addition to purely technical shooting training (reaction, hit accuracy, etc.), tactical situations can also be trained and practiced. A different scenario can be run on each track. The basic system comes from the American company VirTra.
The system
Inside, a 300 ° view system is offered, it is generated by five COTS projectors from Optima and silicone walls. The silicone walls can also tolerate a remover of the users, without directly taking damage. There are also low-light cameras for the flashlight display. With this system, shooting training is possible from basic training through advanced shooting training to tactical training. The operator can variably determine all targets, e.g. (By GPS coordinates, the real sunshine of the late application area, air pressure, fog, rain, day / night) or the behavior of people (friendly, Aggressive, hostile). The system is operated by two persons, the operator and the instructor, who observes and then evaluates the actions of the protagonists. It is possible to use all standard service guns up to caliber of .50 - without armored personnel guns. In the future 40 mm weapons will be added. The influence of winds on the ballistics can also be simulated, but only easily and on the whole distance. For example, Also to the true sound simulations, the sound is carried out by a 5.1. SurroundSystem, so that the most realistic environment possible with shooting and ambient noise can be displayed. The battle noise is not only heard, but also noticeable, the direct communication possible, if necessary, or even impossible.
The concept allows for multiple screen as well as single screen training. With the single-screen systems, technical and simple tactical training can be carried out. The advantage of multi-screen systems is the fact that in teams of up to four people can be practiced and, above all, the tunnel vision can be simulated. Various scenarios can be trained outdoors or in buildings.
Is trained with the original weapons and wireless. To this end, the shutter is exchanged for a laser unit, which carries the same weight, simulates the repulsion via CO2 and the recharging 1: 1. With the wireless electronics all the actions of the trainer can be recorded and evaluated. The trainees can move freely / wirelessly in the training environment, this unrestricted freedom of movement guarantees a maximum training effect.
III / 2017 75 f Looking at the 300 ° simulator, you can see four of the five screens.
(All photos: AF)
Long-life trucks have a SmartMagazine in which the electronics are installed. This also allows operator intervention from the outside, e.g. Disturbances, loading or ammunition. Pistol magazines do not offer enough space here. The lasers are Class 3R, which, however, are soaked and tested by the manufacturer since they are very short pulse lengths. They each transmit a different identification number in order to be able to assign a weapon or the shooter per hit / miss. The precision is 0.04 mm. In addition to the original weapons (eg Glock, Sig Sauer, Heckler & Koch, M4, AK) Taser and CS / Pfefferspray inserts can also be simulated. The weapon handling, including the troubleshooting, corresponds to those of an original weapon. The cable-free electronics allow for minute recording and evaluation. In addition, a camera with a microphone can also be integrated into the ceiling for the evaluation, which records the behavior and the collusion of the marksman. A "file" can also be created in the database for the individual shooters in order to document the progress permanently. The VirTra Threat Fire can also be used to simulate "enemy bombardment". For this purpose, the device is attached to the belt and transmits either vibrations or slight current surges. Thus, the instructor is able to simulate enemy fire or hits and to force a reaction of the trainee. In the future, a shirt is to be introduced, which thanks to slight current surges also the location of the hit and the firing direction
This VirTra Threat-Fire is inserted between belt and body and transmits vibration or electrical shock,
To create a reaction of the shooter to enemy bombardment.
The 300 ° system even allows the installation of a "BreachingTür" to make the beginning of the use of the special forces even more realistic.
Szenare
Approximately 700 targets (shooters, hostages, vehicles, buildings, shooters, etc.) have already been implemented for shooting training in the system. To come to different scenarios through a video presentation. All the scenarios of Profi
Actors, there is no computer animation. This guarantees a very realistic representation. The programs are also able to respond to the shooters (control over the operator), especially when tactical errors are made or call procedures are performed. According to the providers, all scenarios were investigated by military and police experts with operational experience. ActiveShooterResponseProcess is the main focus. Currently the scenarios are still very "Americanized". Users can quickly and easily "build" their own scenarios and implement them into the system. And this is certainly one of the decisive advantages of this system. With the software "V Author" it is possible to create your own processes from the database. People can be "pulled" on a PC in a new environment and behaviors pre-defined. This makes it very easy for the instructor to create their own scenarios according to their own needs and according to the training of the trainees. The software is intuitive and very simple to set up - it does not need computer specialists. The environment is a specially created photo or a video film. Building a photo of the scenario with hostages and kidnappers, "gunable targets" and other possibilities takes about 2 hours or more, depending on the number of people, obstacles, etc. Disks programmed as programmed can be bombarded and then split, e.g. Behind them. Explosions or suicide bombers can also be embedded in the system, as well as their behavior, e.g. Task or ignition of the bomb. Overall, the user can arrange people and objects on ten levels. For example, it can be decided whether the assassin is standing or waiting in front of or behind the concrete column.
Exploratory and enlightenment forces can be used in this way for example. Take photos of the future area of ??application or building / road and the (special) forces can practice practically at the original deployment room before they enter the helicopter. Or QRF (Quick Reaction Forces) so even at home the possible urban application area. Thus, it is already known at the time of arrival, without any forces being present on site. The container permits a modern, simple and fast possibility of forming "friendly" forces, In the Mali,
Hit evaluation: Here the hits or non-hits as well as the firing sequence are displayed.
Somalia or Iraq. All scenarios can also be translated into country language. This editing option allows you to develop your own scenarios tailored to your personal situation. Whole villages can be so virtualized and imitated.
Thanks to SmartMagazine and external intervention, the goal is to force the shooter to "make" a decision, e.g. Trouble shooting or weapon changes - depending on the situation. Therefore, the system provides complete interactivity with many existing scenarios. For this purpose, the various options / sequences have previously been filmed individually. Scenarios can be repeated several times without being identical. Depending on the weapon use or the opponent's approach, it automatically adapts to the practice of the trainer.
Highly mobile solution
The whole is currently packaged in a laterally extendable 20 foot Contaiener, which is built up in two hours with the support of a lift loader. The next variant is to include a pneumatic / automatic container system. Only the floor space and a power connection are necessary.
Actually, the container solution was intended for demonstration purposes, but now the need for high mobility solutions is apparent, e.g. In foreign operations or on board ships (for boarding teams). The system can also be installed without a container in a fixed infrastructure. 10x10 m area necessary. The advantage is that the projectors are not built on the ceiling, but behind the screens. Thus, no shadows are formed by the shooters. As a container, it can be used practically in any front yard or hangar. The container does not arouse any suspicion, no matter where it is.
If you want to look at the system, it is currently in Philippsburg
Virtra posted this video of the Milo 180 on the Vimeo page. is it me or do the screens image stitching mismatch throughout the scenario.....looks terrible.
it's probably something they should tell the purchasing agents.
https://vimeo.com/218493638
and #7 Bobs quote from the previous call "we are on the cusp of what we expect to be some significant long-term growth"
Here is IGG's IDEX 2017 video of the show.....just a reminder to all and why i'm so excited about this partnership.
https://vimeo.com/214462885
Defense $$$ in Saudi Arabia could be as much as 350 billion over the next 10 years. one of the five intended sales categories is Border security and counter terrorism.....here in the U.S. the CBP training simulator of choice is Virtra.....and we have a very strong Saudi partner - International Golden Group.
Just thinking what are the chances Virtra gets a piece of this.
https://www.state.gov/r/pa/prs/ps/2017/05/270999.htm#.WSBsNyO-6q8.mailto
Supporting Saudi Arabia's Defense Needs
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Fact Sheet
Office of the Spokesperson
Washington, DC
May 20, 2017
Today, in a significant expansion of the more than seven-decade long security relationship between the United States and the Kingdom of Saudi Arabia, the President and Secretary Tillerson attended a signing ceremony for almost $110 billion worth of defense capabilities to be conveyed via Foreign Military Sales Letters of Offer and Acceptance and a Memorandum of Intent to support Saudi Arabia's defense needs.
This package of defense equipment and services supports the long-term security of Saudi Arabia and the Gulf region in the face of malign Iranian influence and Iranian related threats. Additionally, it bolsters the Kingdom's ability to provide for its own security and continue contributing to counterterrorism operations across the region, reducing the burden on U.S. military forces.
This package demonstrates the United States’ commitment to our partnership with Saudi Arabia, while also expanding opportunities for American companies in the region, potentially supporting tens of thousands of new jobs in the United States.
The intended sales fall broadly into five categories: border security and counterterrorism, maritime and coastal security, air force modernization, air and missile defense, and cybersecurity and communications upgrades. Included are offers of extensive training and support to strengthen our partnership and the Saudi armed forces.
Collectively, they present the opportunity to significantly augment the Kingdom of Saudi Arabia's capabilities to help deter regional threats and enhance its ability to protect its borders and contribute to coalition counterterrorism operations.
Border Security and Counter Terrorism: Capabilities such as aerostats, tanks, artillery, counter-mortar radars, armored personnel carriers, helicopters, and associated training that will enable Saudi Arabia to secure its borders against terrorist and other threats.
Maritime and Coastal Security: Capabilities that will enable Saudi Arabia to defend freedom of navigation and to deter and defend against maritime attacks or incursions. Systems include Multi-Mission Surface Combatant ships, helicopters, patrol boats, and associated weapons systems.
Air Force Modernization: Systems, sustainment, and training that will enable Saudi Arabia to maintain airborne surveillance, secure its airspace, and provide close air support with improved precision targeting capabilities and processes. Systems include transport, light close air support, intelligence-gathering aircraft, and continuing support for its existing platforms.
Air and Missile Defense: Systems such as Patriot and THAAD that will help Saudi Arabia protect itself and the region from missile or other airborne attacks.
Cybersecurity and Communications: Equipment that will modernize Saudi Arabia's command and control networks across its military to improve its overall cohesion and operational effectiveness.