THEON receives a new order from a Northern European country for the thermal clip-on IRIS -C and swiftly converts soft backlog to hard backlog
PRESS RELEASE
Bloomberg (THEON:NA) / Reuters (THEON.AS)New order for several THEON IRIS-C thermal clip-on units, intended to equip the Special Forces of a Northern European country
IRIS-C is gaining strong traction amongst customers globally and is expected to become the new reference product for upgrading NVGs
c.€66 million of already announced orders have moved to hard backlog in the last 15 days, involving mainly THEON's new digital A.R.M.E.D. products3 July 2025 – Theon International Plc (THEON) announces that one of its long-standing customers, has placed an order for several thermal clip-ons IRIS-C for their Special Forces, after rigorous testing. This strong start in Q3 is another conviction that THEON'sA.R.M.E.D. ecosystem of products enhances situational awareness of armies that use new generation digital products.
This latest order follows THEON's announcement of IdZ (German Future Soldier) earlier in the year and demonstrates THEON's ability to successfully diversify its product portfolio through leading in-house innovation. These new digital products are expected to become the new reference products for advanced armies initially in Europe and then globally.
Philippe Mennicken, Deputy CEO & Business Development Director of THEON, stated: "This is the first meaningful order for our new thermal clip-on, a good testament to the capabilities of our in-house design team. We expect to announce large tender awards for this product soon and thus significantly diversify further our revenues starting from next year, complementing the high growth in our market leading night vision products.'
Picture: IRIS-C thermal clip-onFor inquiries, please contact:
Investor RelationsNikos MalesiotisE-Mail: ir@theon.comTel: +30 210 6772290
Media ContactElli MichouE-Mail: press@theon.com Tel: +30 210 6728610About THEON GROUPTHEON 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 200,000 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
Attachments
Press-Release_Trading-Update-Q3-03-07-2025
IRIS-C Thermal Clip-On
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Intel (INTC) Stock Trades Down, Here Is Why
What Happened? Shares of computer processor maker Intel (NASDAQ:INTC) fell 9.6% in the afternoon session after the company reported an unexpected second-quarter loss and announced significant restructuring plans, including major job cuts. While the chipmaker's revenue of roughly $12.8 billion beat forecasts, it posted an adjusted loss of $0.10 per share, which missed Wall Street's expectations for a small profit. In response to the results, Intel announced major cost-cutting measures, including plans that involved a 15% reduction of its global workforce and the cancellation of chip factory projects in Germany and Poland. New CEO Lip-Bu Tan stated the company had "invested too much, too soon—without adequate demand." The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Intel? Access our full analysis report here, it's free. What Is The Market Telling Us Intel's shares are extremely volatile and have had 35 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 4 days ago when the stock gained 3.2% on the news that Stifel raised its price target on the company, adding to investor optimism ahead of its quarterly earnings report this week. Stifel lifted its price target on Intel to $24.50 from $21.00, while maintaining a "Hold" rating on the shares. The move comes as investors and analysts keenly await the company's second-quarter results. According to the analyst note, investor focus will likely be on the company's long-term strategy, including updates on its advanced 18A and 14A chip production processes and efforts to restructure its portfolio. Intel is up 1.8% since the beginning of the year, but at $20.58 per share, it is still trading 34.4% below its 52-week high of $31.35 from July 2024. Investors who bought $1,000 worth of Intel's shares 5 years ago would now be looking at an investment worth $415.17. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Yahoo
3 hours ago
- Yahoo
Bayern Munich's Adam Aznou scheduled for Everton medical this weekend
Everton should be able to wrap up a purchase of Bayern Munich fullback Adam Aznou soon. Sport Bild reports that the 19-year-old has indeed lodged a transfer request with his Bundesliga club. Earlier this week, Kicker confirmed that Bayern's previous negotiations with Getafe CF had produced nothing but a busted deal, Fabrizio Romano now reports that the German and English club have reached full agreement on the transfer. Romano confirms numbers originating in a report from The Athletic earlier today. Bayern shall receive a base-transfer-fee for their young talent. An additional €3m in bonuses have beeb tacked on. Aznou, per Romano, will undergo his Everton medical this weekend. Aznou was recalled by Bayern Munich early from his recent loan stint with Real Valladolid in order to participate in the recent club World Cup. The teenager nevertheless wasn't able to take advantage of the opportunity accorded to him. Aznou logged only eight minutes as a substitute in Bayern's opening group stage fixture. GGFN |
Bloomberg
4 hours ago
- Bloomberg
BlackRock's Rick Rieder: I Think Rates Can Come Down
BlackRock CIO of Global Fixed Income Rick Rieder sees a resilient US economy driven by a strong service sector, robust equity market techniclas, and moderating inflation. He warns, however, that the long end of the yield curve faces headwinds from rising debt issuance. Still, Rieder is bullish on transformative innovation, particularly AI, automation, and data-driven business models, which he believes mark the most exciting investment period in decades. (Source: Bloomberg)
