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THEON signs a sizeable new contract with OCCAR for its new generation thermal clip-on IRIS-C
Globenewswire· 2025-09-24 17:20
1. Christian Hadjiminas, Joachim Sucker and Dr. Björn Andres 1. Christian Hadjiminas, Joachim Sucker and Dr. Björn Andres 2. From the signing ceremony in Bonn 2. From the signing ceremony in Bonn IRIS-C Thermal clip-on IRIS-C Thermal clip-on PRESS RELEASE Bloomberg (THEON:NA) / Reuters (THEON.AS) Initial order through OCCAR of c.€50 million, with embedded option of €150 million IRIS-C gaining strong traction among existing and new customers globally, expected to become the new reference product ...
THEON INTERNATIONAL launched in DSEI London 2025 the Production-Ready NYX-BiNOD, a U.S. Army Specification-Compliant Night Vision Binocular
Globenewswire· 2025-09-12 11:40
THEON booth in DSEI_1 THEON booth in DSEI_1 THEON booth in DSEI_2 THEON booth in DSEI_2 THEON booth in DSEI_3 THEON booth in DSEI_3 ΤΗΕΟΝ NYX BiNOD launched in DSEI ΤΗΕΟΝ NYX BiNOD launched in DSEI PRESS RELEASE Bloomberg (THEON:NA) / Reuters (THEON.AS) London, 12 September 2025 - Theon International Plc (THEON) (AMS: THEON) a global leader in the design and manufacturing of cutting-edge night vision and thermal imaging systems for defense and security applications, announced at the DSEI L ...
THEON expands global footprint by establishing Theon Belgium and investing in ANDRES
Globenewswire· 2025-07-29 19:10
Core Viewpoint - Theon International Plc is expanding its operations by establishing a wholly owned subsidiary, Theon Belgium, to enhance its production capabilities and support its growing A.R.M.E.D. product line, aiming for significant revenue growth in the coming years [2][5][10]. Group 1: Establishment of Theon Belgium - Theon International Plc has formed a 100% owned subsidiary, Theon Belgium, to capitalize on the global traction of its A.R.M.E.D. product series [2]. - A new production facility is being established in Zaventem, Belgium, along with a liaison office in Brussels to support European Union and NATO programs [2][3]. - The facility will cover 420 square meters and is strategically located within the Ikaros Business Park, which is home to several high-tech companies [3]. Group 2: Operational Plans and Workforce - Theon Belgium has appointed a Belgian citizen as the Plant Manager, who will oversee the facility setup and recruit up to 12 employees in the initial phase [3]. - Production is expected to commence in the fourth quarter of 2025, with plans for future R&D integration as part of the company's long-term expansion strategy [3]. Group 3: Strategic Partnerships and Agreements - Theon Belgium has signed local cooperation agreements with major electro-optic manufacturers and local subcomponent producers to leverage Belgium's capabilities in thermal and digital technologies [4]. - This investment aims to create an export-oriented hub that will serve both local and global customer needs [4]. Group 4: Revenue Growth Strategy - The company plans to increase the proportion of A.R.M.E.D. products in its annual revenue from below 10% in 2025 to approximately 20% in 2026 [5]. - Theon aims for 50% of its revenues to come from products outside of Night Vision in the medium term, supported by organic growth and strategic acquisitions [5]. Group 5: Acquisition of Stake in Andres Industries - Theon has acquired a 10% strategic equity stake in Andres Industries AG for €1.1 million, with options to increase this stake to 24.99% within two years for a total consideration of €4.5 million [6]. - This acquisition is part of Theon's strategy to expand its presence in Germany and enhance its digital and thermal capabilities [6][8]. Group 6: Commitment to European Defense Integration - The establishment of Theon Belgium and the investment in Andres Industries reflect the company's commitment to the European Defense Industry Integration (EDII) [10]. - Theon aims to be a catalyst for EDII, aligning its strategic moves with the integration efforts pursued by European Union member states [10].
THEON presents its Q1 2025 Trading Update
Globenewswire· 2025-04-28 16:23
THEON 's integrated fused night vision binocular ORION THEON 's integrated fused night vision binocular ORION Press Release Bloomberg (THEON:NA) / Reuters (THEON.AS) 28 April 2025 – Theon International Plc (THEON) today publishes its Q1 2025 Trading Update, achieving excellent performance and continued strong growth, in line with guidance. Financial Summary Q1 2025Q1 2024ChangeOrder intake€117.9 m€39.0 m+202.3%<td style="width:245.4px;;border-top: solid black 1pt ; b ...