VirTra Opens Orlando, Florida Facility to Support Military End-Market Growth Opportunities
Open House on October 20, 2022 to showcase the new facility and offer immersive training demonstrations of VirTra’s world-class training solutions to interested parties
CHANDLER, Ariz., Oct. 04, 2022 (GLOBE NEWSWIRE) -- VirTra, Inc. (NASDAQ: VTSI) (“VirTra”), a global provider of judgmental use of force training simulators, and firearms training simulators for the law enforcement and military markets, has leased a facility in Orlando, Florida to support the Company’s strategy of capturing military end-market growth opportunities. The facility, which VirTra has a lease-option-to-buy, features offices, a warehouse, conference rooms and simulation demonstration rooms.
The new facility continues VirTra’s expansion efforts, building on its 2021 purchase of an industrial building in Chandler, Arizona that serves as the Company’s new headquarters. The 9,000 square foot facility will serve as an extension of research and development, and as a demonstration site for employees and future customers visiting the Orlando area. The site currently houses V-300® 4K and V-ST PRO® simulators as well as multiple offices and conference rooms.
VirTra will hold an open house and technology demonstrations at the new facility located at 12301 Challenger Parkway, Orlando, Florida 32826 on Thursday, October 20, 2022 from 1:00 p.m. to 7:00 p.m. Eastern time.
“Orlando is the epicenter of military simulation training, so having a presence a minute down the street will allow us to work alongside the decision-makers in the industry and better connect with current and future military customers,” said John Givens, Co-CEO of VirTra. “Our open house not only celebrates the opening of the building in the simulation capital of the world, but also reinforces our goal to help improve and advance training technology for military servicemembers.”
About VirTra
VirTra (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 company’s patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship, and related training that mimics real-world situations. VirTra’s 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 Statements
The 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, CFA
Gateway Group, Inc.
VTSI@gatewayir.com
949-574-3860
