TEMPE, Ariz., June 27, 2016 (GLOBE NEWSWIRE) -- VirTra Systems, Inc. (OTC Pink:VTSI), a leading provider of use of force simulators and firearms training simulators, today announced a contract award of approximately $1.0 million (USD) from the Australian Border Force, the operational arm of the Australian Federal Government’s Department of Immigration and Border Protection.
VirTra will supply, install and maintain multiple units of its industry leading simulator systems, including its multiple screen V-300TM judgmental use-of-force simulator and its portable V-ST PROTM firearms training simulator. The V-300 system employs realistic video training content and an electric impulse return fire system to simulate the stress of real-world situations. The portable V-ST PRO system is a ballistically accurate and scalable marksmanship simulator that offers a wide variety of simulated training environments. Using VirTra’s highly-advanced systems, officers are better prepared for hostile situations with skills honed and refined in realistic scenarios before lives are on the line.
“It is an honor to add the Australian Border Force to our expanding list of large international customers who have selected VirTra’s industry leading training simulators,” said Bob Ferris, Chairman and CEO of VirTra. “Since 2009, we have established a successful track record in Australia, serving four prominent and highly regarded law enforcement agencies in the country, including the Australian Defense Force, the Victoria Police, the New South Wales Police Force, and now the Australian Border Force. Our work with these highly valued customers supports our key strategic objective of providing the most effective and realistic use of force and ballistically accurate marksmanship simulator solutions to law enforcement and other government agencies throughout the world. We appreciate the opportunity to serve the Australian Border Force and look forward to exceeding their expectations and working with them for years to come.”
VirTra is a global leading provider of the world's most realistic and effective judgmental use of force simulators. VirTra is the higher standard in firearms training simulators, offering a variety of simulator platforms, powerful gas-powered recoil kits and the patented Threat-Fire™ simulated hostile return fire system. VirTra’s products provide the very best simulation training available for personnel that are entrusted with lethal force and critical missions. The Company’s common stock is not registered under the Securities Exchange Act of 1934 and the Company does not currently file periodic or other reports with the Securities and Exchange Commission.
This news release includes certain information that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by terminology such as “could”, “may”, "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," “proposed,” “planned,” “potential” and similar expressions, or are those, which, by their nature, refer to future events. All statements, other than statements of historical fact, included herein, including statements about VirTra's beliefs and expectations, are forward-looking statements. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Although VirTra believes that such statements are reasonable, it can give no assurance that such forward-looking information will prove to be accurate. VirTra cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors. Accordingly, due to the risks, uncertainties and assumptions inherent in forward-looking information, readers and prospective investors in the Company's securities should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof, is based upon the opinions and estimates of management and information available to management as at the date hereof and is subject to change. The Company assumes no obligation to revise or update forward-looking information to reflect new circumstances, whether as a result of new information, future events or otherwise, except as required by law.
Investor Relations Counsel Larry Clark Financial Profiles, Inc. (310) 478-2700 firstname.lastname@example.org
Source:VirTra Systems, Inc.