Benzinga | Jan 11, 2022 11:27AM EST

VirTra Teams With Action Target To Provide Live Fire, Virtual Training Solutions

* VirTra Inc (NASDAQ:VTSI) has agreed to team with Action Target Inc. to provide all-inclusive turnkey solutions for simulation training systems and live-fire shooting ranges. Deal terms were not disclosed.

* The companies see this teaming agreement as a mutually beneficial cross-selling opportunity for both companies' sales teams.

* Meanwhile, VirTra and Action Target will continue to market and sell the standard products and services individually.

* "We believe that clients needing live fire and virtual training will especially benefit from the close collaboration that this teaming agreement represents," said VirTra CEO and Chairman Bob Ferris.

* Future projects will be implemented and managed by both parties along with co-branding to effectively execute the teaming agreement.

* Price Action: VTSI shares are trading higher by 0.71% at $6.71 on the last check Tuesday.