Core Insights - Theon International Plc has extended its commercial agreement with Exosens for the supply of Image Intensifier Tubes (IITs) by an additional three years, now covering deliveries through to the end of 2030 [2][3] - This extension is expected to secure a higher annual supply of IITs to meet the increasing demand for Night Vision systems across Europe, MENA, and APAC regions [3][4] - The global availability of IITs is projected to remain tight, with supply falling short of demand despite capacity increases from Exosens and Harder Digital, in which Theon holds a 60% stake [4] Supply Agreement Details - Theon anticipates procuring over 400,000 IITs in the next five years through this supply agreement, reinforcing its position in the global Night Vision market [6] - The agreement allows Theon to exercise options for 2027 and 2028 into firm orders, enhancing its competitive advantage [3][5] Strategic Developments - Theon recently acquired a 9.8% stake in Exosens, becoming its largest strategic investor, which strengthens coordination in production and delivery schedules [5] - The CEO of Theon emphasized that this partnership extension is a strategic milestone that will help meet the accelerating global demand for Night Vision systems [7] Company Background - Theon Group develops and manufactures advanced night vision and thermal imaging systems for defense and security applications, with a global presence [8] - The company has over 240,000 systems in service with armed and special forces in 71 countries, including 26 NATO countries [8]