Exosens and Theon extend long-term commercial agreement through 2030 to secure image intensifier tube capacity in a market constrained by growing demand

Core Points - Exosens and Theon International have extended their long-term commercial agreement for the supply of Image Intensifier Tubes through 2030, originally set to expire in 2027, to address the growing demand in the market [1][7] - The extension solidifies Exosens' role as a preferred supplier to European Armed Forces and global markets, ensuring an increased annual supply of image intensifier tubes to meet rising demand in Europe, MENA, and APAC regions [3][4] - Theon will convert its options for 2027 and 2028 into firm orders, providing early volume visibility and absorbing a significant portion of Exosens' production capacity increase expected in 2027 [3][7] Company Positioning - Exosens and Theon are positioned as key players in addressing supply constraints in the image intensifier tube market, which remains structurally below demand despite recent capacity expansions [4][7] - The agreement allows Theon to procure over 400,000 tubes over the next five years, reinforcing Exosens' global leadership in the market and enabling capacity expansion [5][6] - Exosens is committed to delivering cutting-edge night vision solutions and contributing to Europe's technological sovereignty and security for armed forces and strategic industries [6][8]