Driving Simulators Added to VirTra’s Product Line and $1.9 Million Contract Award Secured from the Department of State
VirTra, Inc. (VTSI)
NASDAQ:AMEX Investor Relations:
virtra.com/investor-relations
Company Research
Source: GlobeNewswire
TEMPE, Ariz., March 20, 2019 (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI) (“VirTra”), a global provider of training simulators for the law enforcement, military, educational and commercial markets, has officially launched its driving simulator product line and, in conjunction, secured a $1.9 million, inaugural contract for driving simulators from the Department of State for the Republic of Mexico. VirTra has worked in tandem with its strategic partners to develop a vehicle-based simulator, complete with next-generation graphics and a variety of other competitive features. The system is designed to provide a next-generation, safe and reliable environment for efficient skill transfer for law enforcement driver training. Under the terms of the agreement with the Department of State, VirTra will deliver 11 driving simulators to the Republic of Mexico over the coming year. The majority of the $1.9 million in revenue is expected to be recognized later this year. “VirTra’s focus re
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