Saturday, June 19, 2021 1:19:34 PM
1) SiVT via Microsoft. SiVT consists of TSS and TMT (and OWT but not relevant) which we know help simulate training operations. This work is already been awarded to Cole Engineering on June 14 but the prototype work was awarded to Microsoft (maybe they subcontracted? Idk) While it doesn't make a lot of sense to integrate hardware into a software contract, TSS/TMT requires weapon integration to run. The raise timing happening once the Microsoft deal was announced is another coincidence that aligns with this.
2) STE-LTS: https://nstxl.org/opportunity/synthetic-training-environment-live-training-system-ste-lts/ this deal is set to be awarded (according to TSIS conference, was supposed to be yesterday) in the next few days and, again, according to TSIS commentary, there will be multiple awards given. I don’t believe this is the deal because it’s been in RFP since only January and prior to that it was set to be a later program (like 2024 and beyond) and only decently pushed to be done earlier by Congress. Bobs commentary makes it seem like hiring and the raise has already happened In May and this contract, while In negotiations in April, has not been awarded. This is a ton of hiring and dilution without a guarantee of a deal. That said, this contract is so fitting to VirTra’s capability that it is hard to overlook. They could solve the entire direct fire problem space by figuring a way for the recoil kit to efficiently interface with the IVAS puck. This isn’t necessarily an easy technical challenge IMO, but it seems the most obvious solution that scales to years of technological advancement. If a weapon can interact with a computer in high fidelity (which CEO Ferris and the Army have both used to describe VirTras recoil kits and the army’s needs), they have created the e-bullet. VirTra’s recoil kit solves this problem currently with a laser, so it might be adequate for now while the ebullet tech is developed.
3) TADSS- I think this is a support service so I don’t know if it’d be Responsible for procuring new hardware, but the contract is held by Lockheed Martin and VirTra has a prior relationship with them. I need to go back to my notes and rewatch TSIS, but the TADSS presentation mentioned something about added capabilities than previously had. Maybe that’s augmenting current weaponry systems?
4) SVT — RFP I think will be sent out in q1 IIRC and won’t be Developed for a few years. The broad idea of the project matches VirTras capabilities, but none of the requirements have been finalized and then obviously not V published so it’s hard to speculate. But timing that far down the line doesn’t jive with commentary from the CEO
Recent VTSI News
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