ROSH HA'AYIN, Israel, October 23, 2008 -- BVR Systems (1998) Ltd. (OTC Bulletin Board: BVRSF), announced today it was awarded a program with a leading aircraft integrator for the integration of its advanced Hybrid Datalink solution. The contract is valued at approximately $US 2.4 million.
The awarded Hybrid Datalink solution allows for both live participants, such as real aircraft, and virtual participants, such as Computer Generated Forces (CGF), to be shared on the same network, thus allowing for both operational and training platforms to train on the same network with full interoperability. The awarded program includes the adaptation phase with an initial serial quantity.
"This award is an additional important milestone in strengthening our leading position in the airborne live training market," Said BVR's CEO Ilan Gillies.
Mr. Aviv Tzidon, Founder and Chairman of BVR added: "Our capabilities to provide field-proven Datalink solutions with connectivity to our live training products enables us to deliver to our customers the most mature and integrated airborne live training solutions in the market today."
About BVR Systems
BVR Systems (1998) Ltd. is a world leader in advanced defense training and simulation systems. The Company offers highly efficient, cost-effective solutions for the simulation, training and debriefing needs of modern air, sea and ground forces.
For more information visit the Company's web site at http://www.bvrsystems.com
Contact:
Ilan Gillies - CEO
BVR Systems (1998) Ltd.
Tel +972-3-900-8000
This press release may contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the current expectations of the management of BVR only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: changes in technology and market requirements; decline in demand for BVR's products; inability to timely develop and introduce new technologies, products and applications; loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of BVR to differ materially from those contemplated in such forward-looking statements. BVR undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For a more detailed description of the risk and uncertainties affecting BVR, reference is made to BVR's reports filed from time to time with the Securities and Exchange Commission.
