Spanish Railway Operator Extends Four-year Contract worth over €800,000 for their Railway Infrastructure Training Simulator powered by VIROO platform
Bilbao, March 9, 2026.- ADIF, the Spanish public entity responsible for managing the national railway network, has extended its contract with Virtualware (EPA: ALVIR) for over €800,000. The four-year agreement covers the continued operation and enhancement of its Railway Infrastructure Training Simulator (RITS).
Based on the enterprise XR platform VIROO, RITS leverages Virtual Reality to train professionals in the operation and maintenance of railway infrastructures safely and efficiently. The system allows multiple users to train simultaneously in various railway tasks, ranging from basic operations to more specialized procedures.
RITS has been deployed at the Valencia Technology Training Centre and additional remote sites across Spain, providing training to approximately 1,000 new workers per year.
The solution has received international recognition, earning a Bronze award at the 2024 Brandon Hall Group Awards for Best Advancement in VR, and was presented at the UIC World Congress on Railway Training in China in 2025.
"This renewal confirms the value that immersive training delivers in a critical infrastructure sector. ADIF continues to set the standard for how railway operators prepare their workforce, and we are committed to advancing the RITS with new capabilities over the coming years," said Unai Extremo, CEO of Virtualware.
The extension builds on a partnership that began in 2021, when ADIF first selected Virtualware to develop a new generation of VR training simulators.
The contract reinforces Virtualware's position in the public sector. The company closed 2025 with record bookings exceeding €8 million, derived primarily from government and nuclear projects.
ADIF's continued commitment to VR-based training follows a broader industry trend. Rail operators are adopting simulation technology to address workforce turnover and accelerate knowledge transfer without disrupting live operations.
Founded in 2004, Virtualware is one of the leading companies in enterprise software based on immersive and 3D technologies for industry and education.
Virtualware serves global organizations and institutions, including GE Vernova, Volvo, Gestamp, Alstom, ADIF, Bosch, Biogen, Kessler Foundation, Invest Windsor Essex, McMaster University, the University of El Salvador, Ohio University, the Spanish Ministry of Defense or the Basque Government.
The company's headquarters are in Bilbao, Spain, with offices in Orlando, US, Toronto, Canada, and Skövde, Sweden.
Safe Harbor
This document is only provided for information purposes and does not constitute, nor should it be interpreted as, an offer to sell or exchange or acquire, or an invitation for offers to buy securities issued by any of the aforementioned companies. Any decision to buy or invest in securities in relation to a specific issue must be made solely and exclusively on the basis of the information set out in the pertinent prospectus filed by the company in relation to such specific issue. No one who becomes aware of the information contained in this report should regard it as definitive, because it is subject to changes and modifications.
This document contains or may contain forward looking statements regarding intentions, expectations or projections of Virtualware 2007, S.A. ("Virtualware" or the "Company") or of its management on the date thereof, that refer to or incorporate various assumptions and projections, including projections about the future earnings of the business. The statements contained herein are based on our current projections, but the actual results may be substantially modified in the future by various risks and other factors that may cause the results or final decisions to differ from such intentions, projections or estimates. These factors include, without limitation, (1) the market situation, macroeconomic factors, regulatory, political or government guidelines, (2) domestic and international stock market movements, exchange rates and interest rates, (3) competitive pressures, (4) technological changes, (5) alterations in the financial situation, creditworthiness or solvency of our customers, debtors or counterparts. These factors could cause or result in actual events differing from the information and intentions stated, projected or forecast in this document or in other past or future documents. Virtualware does not undertake to publicly revise the contents of this or any other document, either if the events are not as described herein, or if such events lead to changes in the information contained in this document. This disclaimer needs to be taken into account by those persons which may take a decision over the base of this document or to elaborate or disseminate opinions based hereof. This document may contain summarised information or information that has not been audited. This document is confidential and it cannot be revealed or disclosed to third parties different from the original recipients, even partially, without Virtualware's prior consent.
