- VirTra Inc 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.
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