STOCK TITAN

VirTra to Introduce V-XR Training Solution at IAHSS Exhibition, Signaling Increased Commitment to Healthcare Security Training

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

VirTra, Inc. (Nasdaq: VTSI) will introduce V-XR training solution at IAHSS Exhibition to enhance healthcare security training. The company expands into the healthcare market with advanced training simulators and partners with various healthcare organizations. The V-XR headset features hyper-realistic characters and volumetric video capture technology, focusing on de-escalation scenarios.

Positive
  • VirTra's entry into the healthcare market signifies growth and diversification beyond law enforcement and military markets.

  • The partnership with Ascension St. John Hospital and other healthcare organizations demonstrates the effectiveness of VirTra's training simulators in enhancing security and safety measures.

  • The introduction of the V-XR training solution with advanced technology reflects VirTra's commitment to innovation and meeting diverse training demands.

Negative
  • The increasing cases of unruly and violent behavior towards healthcare providers highlight the urgent need for enhanced security measures, which may indicate a challenging environment in the healthcare industry.

  • The 2022 report revealing a rise in healthcare violence raises concerns about the safety of healthcare professionals, emphasizing the importance of advanced training solutions like VirTra's simulators.

CHANDLER, Ariz., April 29, 2024 (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, 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.

About VirTra, Inc.
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 risks 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 Alec Wilson
Gateway Group, Inc.
VTSI@gateway-grp.com
949-574-3860


FAQ

What is VirTra introducing at the IAHSS Exhibition?

VirTra will introduce its new V-XR headset training solution at the IAHSS Exhibition.

What technology is used in VirTra's V-XR headset?

The V-XR headset features hyper-realistic characters created using volumetric video capture technology.

Which healthcare organization partnered with VirTra recently?

VirTra partnered with Ascension St. John Hospital to equip its team with advanced training simulators.

Why is VirTra expanding into the healthcare market?

VirTra is expanding into the healthcare market to enhance security and safety measures in healthcare environments.

VirTra, Inc.

NASDAQ:VTSI

VTSI Rankings

VTSI Latest News

VTSI Stock Data

127.87M
10.46M
6.62%
16.86%
0.78%
Other Electronic Component Manufacturing
Manufacturing
Link
United States of America
CHANDLER

About VTSI

about develops, manufactures, sells, and support the finest simulators, accessories, and training scenarios in the world. the high quality of our products will only be surpassed by the quality of our customer support. mission to develop, manufacture, sell, and support the finest simulators, accessories, and training scenarios in the world. the high quality of our products will only be surpassed by the quality of our customer support. to operate the company on a sustainable financial basis. to generate profitable growth, increasing value for our shareholders and ever-expanding opportunities for career growth for our employees. our company will represent the highest standard within our markets, from product quality to moral ethics. to uniquely meet the needs of customers within our industry and to always seek innovative and better solutions to add value to our customers. to consistently consider other markets where we can substantially improve the quality and value provided to