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VirTra Awarded Standing Offer from Government of Canada for


GlobeNewswire Inc | Dec 17, 2021 08:00AM EST

December 17, 2021

TEMPE, Ariz., Dec. 17, 2021 (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ:VTSI), a global provider of judgmental use of force training simulators, and firearms training simulators for the law enforcement and military markets, has received a standing offer from the Government of Canada to supply marksmanship and judgmental use of force simulation technology to various law enforcement, border protection and corrections facilities throughout Canada. The standing offer allows the Government of Canada to repeatedly purchase goods and/or services, or a combination of goods and services at prearranged prices from VirTra, under set terms and conditions, when required.

The award is part of a countrywide effort to enhance and standardize training from the Royal Canadian Mounted Police down to each individual agency. The award could include the delivery of multiple V-ST PRO single-screen simulators, authoring software, Threat-Fire consequence devices, weapon recoil kits, Conducted Electrical Weapons (CEW) training cartridges and other tools designed for simulator training.

We are honored the Government of Canada entrusted us to provide them with the latest in life-saving, judgmental use of force and de-escalation training, said VirTra CEO and Chairman Bob Ferris. Together, we plan to take simulation training to even higher levels of preparedness for those who may face split second decisions.

Jason Mulcahy, General Manager of VirTra, commented: VirTra has established a proven track record deploying effective training systems throughout 40 countries worldwide. We look forward to expanding our presence in Canada as we execute this expected large-scale rollout with multiple Canadian agencies.

About VirTraVirTra (NASDAQ: VTSI) is a global provider of judgmental use of force training simulators, and firearms training simulators for the law enforcement, military, educational and commercial markets. The companys patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship, and related training that mimics real-world situations. VirTras mission is to save and improve lives worldwide through practical and highly effective virtual reality and simulator technology. Learn more about the company at www.VirTra.com.

Forward-Looking StatementsThe information in this discussion contains forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the safe harbor created by those sections. The words anticipates, believes, estimates, expects, intends, may, plans, projects, will, should, could, predicts, potential, continue, would and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. The forward-looking statements are applicable only as of the date on which they are made, and we do not assume any obligation to update any forward-looking statements. All forward-looking statements in this document are made based on our current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. In evaluating these statements, you should specifically consider various factors, uncertainties and risks that could affect our future results or operations. These factors, uncertainties and risks may cause our actual results to differ materially from any forward-looking statement set forth in the reports we file with or furnish to the Securities and Exchange Commission (the SEC). You should carefully consider these risk and uncertainties described and other information contained in the reports we file with or furnish to the SEC before making any investment decision with respect to our securities. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this cautionary statement.

Investor Relations Contact:Matt Glover and Jeff Grampp, CFAGateway Group, Inc. VTSI@gatewayir.com949-574-3860







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