• Total new orders in 2024 (including this
  3rd option) already exceeding €510 m,
  well above the expected deliveries for
  the year (exceeding €340 million),
  resulting to an increased year-end soft
  backlog of more than €650 million
• This new order substantially enhances
  visibility for 2025 and 2026, with
  projected double-digit growth
• THEON triggers additional tube orders
  from Exosens, as part of the long-term
  frame agreement for 2025-2027
• Guidance for FY 2025 will be announced
  before year-end

Theon International Plc (THEON) announced that the
Defence and Budget Committees of the German
Parliament recently approved a new addendum of the
OCCAR contract, exercising the 3rd consecutive option,
with an additional option of similar size still available.
The Consortium of HENSOLDT Optronics GmbH and
THEON SENSORS SA has been invited by OCCAR to
sign the said amendment on 20 December 2024 in
Bonn, Germany.
The original contract for the Production and In-Service
Support of Binocular Night Vision Goggles (BNVG) with
the international organization OCCAR was signed in July
2021. As of today, 49,550 Mikron BNVG (powered by
Exosens 16 mm tubes) have already been contracted for
supply to the German and Belgian Armed Forces.
According to this contract addendum, the Consortium will
continue offering THEON’s Mikron BNVG to deliver
several thousand additional goggles to Germany.
Christian Hadjiminas, Founder and CEO of THEON,
stated: “The recent exercise of the option, earlier than
expected, reaffirms the successful collaboration among
the partners involved in this contract and highlights the
vital role of night vision capabilities for military forces.
Furthermore, we observe a sustainably high demand
globally, as military forces more and more recognize the
importance of maintaining operational capabilities during
day and night. Thus, access to tubes becomes critical.
This fully justifies a) the acquisition of Harder Digital
earlier this year along with investment to increase
capacity, b) the long-term contracts it has started signing
with tube providers and notably Exosens.
As a result, THEON has triggered the respective options
to increase further the tube orders from Exosens for
2026 onwards, as part of our long-term frame agreement
of 2025-2027. New order intake is expected to continue
in the new year.”
THEON INTERNATIONAL PLC is the parent company of
THEON SENSORS S.A., a leading manufacturer of
Night Vision and Thermal Imaging systems for defense
and security applications with a global footprint. THEON
SENSORS S.A. started its operations in 1997 from
Greece and today plays a leading role in the industry
with international presence, including offices in Greece,
Cyprus, USA, UAE, Switzerland and Singapore, as well
as 3 production facilities in Athens, Wetzlar (Germany)
and Plymouth (USA). Through this network of
companies, offices and facilities around the world,
THEON SENSORS S.A. has more than 180,000
systems in service with Armed and Special Forces in 71
countries around the world, 26 of which are NATO
countries. ΤΗΕΟΝ ΙΝΤΕRNATIONAL PLC listed its
shares on Euronext Amsterdam in February 2024.