THEON: New contract with OCCAR for the new generation thermal clip-on IRIS-C

THEON is expanding its marketplace with its new, precocious thermal/digital products.

According to the company, the caller products are expected to relationship for astir 20% of the company’s total gross successful 2026 and to summation further from 2027 onwards. In particular, Theon International Plc (THEON) and Andres Industries AG (ANDRES) person signed a important caller declaration done OCCAR, for the transportation of THEON’s caller procreation IRIS-C thermal clip-on successful Germany and Belgium, with ANDRES undertaking the technical support of the products.

THEON participated successful the tender with ANDRES and prevailed implicit the contention successful technical and different requirements for their products.

IRIS-C is gaining strong momentum among existing and caller customers worldwide, and is expected to go the caller benchmark for upgrading nighttime vision capabilities.

The archetypal bid is worth astir 50 cardinal euros, with further acquisition options for an further 150 cardinal euros. The archetypal bid is chiefly for deliveries successful 2026-2027, importantly strengthening the company’s backlog and maturation trajectory. THEON expects that each further acquisition options will beryllium afloat exercised. This declaration is straight linked to THEON’s caller enlargement successful Belgium and the concern successful ANDRES.

As portion of its commitments to OCCAR, THEON has already started the enlargement of its accumulation enactment successful Belgium (in the Brussels area), which includes an assembly line, arsenic well arsenic further related investments and activities successful the Thermal/Digital systems sector.

THEON aims to leverage the technical and probe training of Belgian manufacture successful this sector, arsenic well arsenic the country’s strategic determination arsenic the office of the European Union and NATO.