The_Gman
4 days ago
The M17/M18 (SIG pistol), M320 (Grenade launcher), M2A1 (50 cal machine gun) and MK19 (grenade launcher) drop-ins were not listed on the VirTra GSA price list. LaserShit has them, but they're replica weapons, not drop-ins. Maybe those were the some of the prototypes requested? This sounds like another no-brainer since VirTra has all the patents.
https://lasershot.com/weapons-and-accessories-military/
The 2021 Request for Information (RFI) For Synthetic Training Environment Soldier Virtual Trainer (STE-SVT) calls for:
108The Government is interested in instrumented weapon/device technology approaches and
109 solutions, for both marksmanship and qualification training capabilities for WSD and UoF. The
110 intent of using Instrumented weapons in SVT is so Soldiers can train with their assigned
111 weapons, associated optics and accessories. The Government will assess the tradeoffs associated
112 with each technology approach to meeting requirements.
Definition of an Instrumented Weapon
305 Instrumented weapon (or Training Weapon). An instrumented weapon is a real organic live
306 fire service weapon that has been temporarily modified to be used in training. While being used
307 in training, the instrumented weapon is not capable of live ammunition fire. The modification
308 may consist of installing (attaching) a drop-in kit (sensors, actuators, and instruments) to the real
309 organic live weapon to include its lower receiver. Removal of weapon components shall be
310 minimized as much as possible. The temporary modification designs should easily apply as
311 needed for training, and not cause excessive wear and tear on the weapons. Modifications and
312 the weapon use in training should not cause detrimental effects to the weapon’s life cycle. After
313 the modifications are removed, the weapon must return to normal service (live fire). Special tools
314 and equipment shall not be required, so Soldiers are able to implement the temporary
315 modifications. The Government considers the lower receiver as the legal assembly of the weapon
316 and it should not to be removed for instrumented weapons.
https://imlive.s3.amazonaws.com/Federal%20Government/ID199537995173327778885704830044325099278/Soldier%20Virtual%20Trainer%20Request%20for%20Information.pdf
Timeline on Page 36
https://imlive.s3.amazonaws.com/Federal%20Government/ID199537995173327778885704830044325099278/SVT%20Industry%20Day%20PM%20Overview%202021%2010%2021.pdf
The_Gman
1 week ago
Single source lease for the Air Force. Single source awards and DOD and 2024 funding availability is a good combination!
This document is a Single Source Justification for a simplified acquisition to lease a Virtual Reality Training System from VirTra, Inc. The system is required to provide real-life training scenarios, including taser and V-Threat capabilities, for the 99th Security Forces Squadron at Nellis AFB. The justification states that the V-Threat capability is essential and proprietary to VirTra, and that neither of the vendors who responded to the sources sought could fulfill this specific requirement.
NOTICE OF INTENT TO AWARD SINGLE SOURCE: The NAICS Code is 541511 - Custom Computer Programming Services. The 99th Contracting Squadron, Nellis AFB, NV intends to award a single source, firm fixed price contract as authorized by FAR 13.106-1(b)(1) to VIRTRA, INC. This requirement is for a Virtual Reality Training System that is able to provide all necessary operator training, equipment and accessories required to lease a Virtual Reality Training System that is fully functional, ready to operate upon delivery, and includes taser and V-Threat capabilities.
The contract action is for a Virtual Reality Training System for which the Government intends to award on a sole source basis. Interested parties may identify their interest and capability to respond to this requirement. This notice of intent is not a request for competitive proposals. However, all responses received electronically by 2:00PM PST, 8 May 2024 will be consid
https://www.rfpmart.com/718171-us-fed-99-sfs-virtual-training-simulator-lease.html
utahstock12
2 weeks ago
The technology to do that even a few years ago would have been tough, but now it's everywhere and it wouldn't even be that expensive to implement so presumably they're doing it on some level already as you suggest. Just need speech recognition on top of some sort of LLM optimized for distressed/agitated/unwell person. You could let it loose to say literally anything as the tech exists to make believable mouth movements for generated speech. Then, whatever the latest psych studies show as de-escalatory language is more likely to generate best outcome (maybe even with scores for volume/tone etc), but with some randomization element since sometimes you can say all the right things and the person still shoots.
Also, in some of the demos I had watched before there is a lag between the person in the scenario acting and the sim responding. Presumably this is because the operator of the sim has to figure out which branch on the tree to select next. Now, the sim itself can understand and progress down the tree so the situation will feel more real time.
ztect
2 weeks ago
Rereading the CC transcript, Givens did mention the healthcare market. I just didn't remember this below comment.
"...Our platform focuses on training soft skills, including managing mental health crises, recognizing key indicators, and identifying decision points. This approach directly engages our core market and also expands our reach into adjacent markets, such as hospitals and care facilities, just to name a few..."
What I did remember from the CC was Givens mentioning AI as follows:
"...Military small arms training is shifting towards a more realistic and mission-specific scenario integrated with AI-assisted training and evaluation..."
That mention of AI stuck in my head. Why? Because when I discussed Virtra's training scenarios with a police officer friend, after reviewing some of the videos I sent him, my friend said he felt if the decision making was more interactive directly with vocal cues, then the training would be of more interest and value to him.
So, I'm sort of curious as to what Virta is doing with integrating AI into its content. Anyone know?
ztect
2 weeks ago
Interesting PR this morning in that it points out quick penetration into a security market that I wasn't even aware Virtra was pursuing. This headset application of their content opened the door to this security market opportunity. This will also give them other opportunities in other sectors requiring better trained security personnel like, for example, the education sector at K-12 schools, colleges and universities. A better line of trained defense before better trained police arrive.
Because of the screens, belts, etc everyone thinks of Virtra as a hardware company, but they're really a content production company that can use that content across its various hardware platforms with additional accessories to heighten the realism of their scenarios.
The_Gman
2 weeks ago
VirTra to Introduce V-XR Training Solution at IAHSS Exhibition, Signaling Increased Commitment to Healthcare Security Training
CHANDLER, Ariz. — April 29, 2024 — 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, announced its participation at the International Association for Healthcare Security & Safety (IAHSS) Conference and Exhibition in Orlando from April 29 to May 1, 2024. As a first-time vendor, VirTra will introduce its new V-XR headset training solution at the event, highlighting its advanced functionality and ability to meet diverse training demands, particularly in healthcare settings.
The IAHSS Annual Conference and Exhibition is a key event for healthcare’s top security, safety, and emergency management leaders to network, meet with vendors, and find solutions for their challenges. This year, VirTra joins the expo to demonstrate the effectiveness of its new V-XR training solution, a compact, lightweight headset training simulator with a focus on de-escalation scenarios. The headset features hyper-realistic characters created using volumetric video capture and pass-through to reduce motion sickness for the user.
VirTra’s recent entry into the healthcare market began last month when it partnered with Ascension St. John Hospital (“Ascension”) to equip its team with advanced training simulators. VirTra’s V-180 was a practical application of Ascension’s grant funds.
Darrel Long, Director of Security for Ascension Oklahoma, noted the impact, stating, “We can implement frequent training in scenarios representing our environment. The V-180 is a tremendous asset and allows all security officers within the Ascension St. John Health System to ensure patient and associate safety.”
Ascension also reported the system’s success in a recent case study, available to download on VirTra’s website. The study highlights the simulator’s wide range of training scenarios and how it allows the entire staff, not just the security team, to practice skills that keep them safe.
As VirTra’s role in healthcare security expands, multiple other healthcare organizations have already adopted its technologies. Ohio Healthcare PD, TriHealth Cincinnati, Marion Hospital in Indiana, Indiana University Hospital, Health First Security in Florida, and several VA locations have begun training their teams using VirTra simulators.
John Givens, CEO of VirTra, stated, “Every day, medical providers around the country go beyond the call of duty for their patients. VirTra supports every initiative within our capabilities to ensure the security of hospital staff while on the job. With our V-XR training solution, we are not only enhancing safety in healthcare environments but also demonstrating its cross-market functionality, allowing us to begin expansion beyond our core law enforcement and military markets. I’m confident that the training provided by our simulators will instill a renewed sense of safety among hospital staff, patients, and their visitors.”
VirTra’s entry into healthcare security coincides with an increase in unruly and sometimes violent behavior directed at healthcare providers. A 2022 report from the American College of Emergency Physicians revealed a significant increase in healthcare violence, with 55% of physicians surveyed saying they had been physically assaulted while at work. With the increased demand for hospital security, VirTra is stepping up to provide advanced use-of-force, de-escalation, and other forms of simulator-based training to its healthcare partners.
The_Gman
3 weeks ago
The Top Manufacturing Stocks to Buy in April 2024
Strong buy industrials that offer great returns
22h ago · By Noah Bolton, InvestorPlace Contributor
These are a number of manufacturing companies that investors should keep an eye on.
-Limbach Holdings (LMB): Recently beat analyst expectations for earnings and is still trading at a fair valuation.
-VirTra (VTSI): A small-cap company that has experienced impressive growth.
-General Electric (GE): A robust business model that has seen growth within its aerospace and defense segment.
VirTra (NASDAQ:VTSI) is a simulation equipment manufacturer that provides training technology primarily for the military, law enforcement, and other commercial customers. It offers virtual simulation equipment with varying degrees of wrap-around screens and virtual reality headsets.
On April 1, VTSI reported earnings for the fourth quarter full year 2023, in which it stated that total revenue increased by 34% and net income more than quadrupled to over $8 million.
Following this earnings report, the increase in overall revenue, gross profit, and net income sent shares of VTSI skyrocketing by over 40%. Its management also stated that the overall growth in profits was led by operational changes like streamlining its manufacturing facility.
On April 18, VirTra announced that it received a prototype contract to create an augmented reality program for the U.S. Army, for which Microsoft (NASDAQ:MSFT) was the primary contractor.
VTSI is a rapidly growing small-cap company that offers investors increased upside potential due to its strong earnings growth and share price appreciation.
https://investorplace.com/2024/04/the-top-manufacturing-stocks-to-buy-in-april-2024/
Any little bit helps!
The_Gman
3 weeks ago
VBS4 and VR/XR related industry news
Crowd Simulation Training Integrated with VBS4
https://www.halldale.com/articles/22669-mst-crowd-simulation-training-integrated-with-vbs4
Roland Geraerts, CEO of uCrowds, said “This is our first product integration with a military training simulation, and we are very happy with the results”.
uCrowds offers VBS4 users the ability to quickly generate crowds and control their behavior, either through the SimCrowds application or directly in VBS4. For training, this means that tactical simulations can incorporate massive numbers of civilians that will behave in a believable manner, such as queuing, fleeing, and stadium evacuations, depending on the type of scenario.
VR/XR To The Fore At Immersive Tech Summit
https://www.halldale.com/articles/22655-cat-vr-xr-to-the-fore-at-immersive-tech-summit
"Anything difficult or dangerous to perform on real equipment, whether for operators or potential clients, necessitates simulation and training, hence the integration of VR and AR," Andy explained to The Orlando Life publication.
Adrnaln
4 weeks ago
Given’s wording seems very careful around today’s contract being part of a [IVAS/MS] “series of contracts”. It’s hard to know if the $3M downpayment contract is of the same “Series,” or not….
John Givens, CEO of VirTra, stated, “This additional prototype contract award, in support of the IVAS program, is a testament to the reliability and performance of our technology. This series of awards has implemented new features and tuned our design to meet the rigorous requirements of the program. Our enhanced production capabilities and investment in new technologies have solidified our contract execution by improving quality and capacity.”
It is safe to say the $3M downpayment is for a large contract, perhaps to front purchasing funds and resources/capacity for a large volume order. Capacity of what though - could be IVAS related or something else. And is the downpayment 1%, 5%, 10% or 20% of the total contract value?
Regardless, the answers are all positive for us all.