VirTra Awarded New International Contract
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VirTra Inc. has received an award from an undisclosed international customer in the Middle East for approximately $0.6 million. VirTra will supply, install and maintain simulator systems at the customer's locations. These installations will be the latest in a total of thirteen V-300™ systems that have been deployed over several years in this particular Middle Eastern country.
Including this award, the Company is on track for a record number of orders for a first quarter, which is normally a seasonally slow quarter for the industry. The total amount of signed contracts received during the first quarter of 2017 is approximately $4.9 million. Included in the $4.9 million, is the $2.1 million contract from the Arizona Department of Public Safety that was previously announced on December 19, 2016, but was not fully executed by the customer until 2017.
Bob Ferris, chairman and chief executive officer of VirTra, commented: "We are very pleased with our level of new sales orders for the first quarter of 2017. Even when excluding the large order from the State of Arizona, we booked approximately $2.8 million in orders, which in itself would have been a record for a first quarter. We are encouraged by the traction that we continue to receive in both the domestic and international markets and we look forward to serving these customers for years to come."
