THEON receives new orders in January 2025, totaling €53 million, with embedded new options of an additional €95.5 million and participates in the German Future Soldier Program

07 Feb 2025 09:09 CET

THEON receives new orders in January 2025, totaling €53 million, with embedded new options of an  additional €95.5 million and participates in the German Future Soldier Program

                                                                                                                                                                                                          Bloomberg (THEON:NA) / Reuters (THEON.AS)

•  THEON is included in the German Future Soldier Program (IdZ), offering its newly launched  Heads-Up Display system to the German Armed Forces
•  New order intake of €53 million from various countries added to the soft backlog, including the  IdZ order
•  New options of an additional €95.5 million added to the existing options

Nicosia, 7 February 2025 – Theon International Plc (THEON) announces new order intake totalling €53  million so far in 2025, coming from 12 countries in total. These orders further add to THEON’s  already increased soft backlog of c. €650 million as of 31 December 2024.

The main part of these new orders (including the sizeable option) comes from the German Future  Soldier Program (IdZ), further strengthening THEON presence in one of its core markets, Germany.  Importantly, these new orders were for THEON’S newly launched Heads-Up Display system, part of its  new A.R.M.E.D. products offering, demonstrating good commercial traction and underscoring the potential for material new sales in this area.

On 29 January 2025, the German Parliament passed procurement of IdZ, with Rheinmetall Electronics  GmbH being the prime contractor. Subsequently, BAAIN and Rheinmetall have signed the contract on 6  February 2025. Theon Sensors S.A., subsidiary of Theon International Plc is the largest supplier of  the program. This program is anticipated to serve as a prime reference for similar programs being  organized in various countries worldwide. At the same time, THEON is currently making positive  progress, engaged in additional tenders with its new products, and anticipates making further  announcements soon, thereby enhancing the sales mix in the coming years. THEON expects options to  be fully exercised once first deliveries start occurring primarily in 2026.

Philippe Mennicken, Business Development Director of THEON, stated: "We have started the new year  with significant order intake, continuing the momentum from the end of last year. Notably, our  participation in the German Future Soldier Program (IdZ) with our Heads-Up Display, THEA, demonstrates that our newly launched A.R.M.E.D. products have the  potential to further enhance our future sales beyond our traditional Night Vision business, where  we continue to hold a market leading position.”

THEON will announce Preliminary Results in respect of FY 2024 on 14 February 2025, after the market  close.
 

For inquiries, please contact:
Investor Relations
Nikos Malesiotis
E-Mail: ir@theon.com 

Tel: +30 210 6772290
 

Media Contact
Elli Michou
E-Mail: press@theon.com 

Tel: +30 210 6728610
 

About THEON GROUP
THEON GROUP of companies develops and manufactures cutting-edge night vision and thermal Imaging  systems for Defense and Security applications with a global footprint. THEON GROUP started its  operations in 1997 from Greece and today occupies a leading role in the sector thanks to its  international presence through subsidiaries and production facilities in Greece, Cyprus, Germany,  the Baltics, the United States, the Gulf States, Switzerland, Denmark, Belgium, Singapore and South  Korea. THEON GROUP 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 has been listed 
on Euronext Amsterdam (AMS: THEON) since February 2024.
www.theon.com
 

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