Tony Grist
MÉRIGNAC, FRANCE – DECEMBER, 18th, 2024
– Germany confirms the exercise of the 3rd option of its OCCAR night vision contract with the Consortium Hensoldt Optronics / THEON providing enhanced night combat capability to the German Armed Forces
– In this framework, Exosens will provide the Consortium with Photonis 16mm image intensifier tubes, recognized as the European standard, widely used by European Armed Forces
– This contract, together with increased demand on its markets, strengthens Exosens’ visibility over the mid-term
– This OCCAR option 3 will be delivered mainly in 2025 and 2026. Therefore, Exosens will communicate early January its resulting 2025 guidance
The Defence Committee of the German parliament has approved a new addendum to the OCCAR contract today, exercising the 3rd consecutive option, ordering 25 000 binoculars equipped with Photonis image intensifier tubes, with an additional option of a similar size still available. The consortium of HENSOLDT Optronics GmBH and THEON SENSORS SA has been invited by OCCAR to sign the amendment on 20 December 2024 in Bonn, Germany.
The original contract for the production and in-service support of Binocular Night Vision Goggles (BNVG) with OCCAR was signed in July 2021. To date, 49 550 devices using Photonis 16 mm image intensifier tubes have already been contracted for supplying to the German and Belgian Armed Forces (note: 2 tubes per device). This additional addendum will include 25 000 binoculars to be delivered to Germany by 2026.
Photonis 4G and 4G+ image intensifiers have been selected by the armies of major European countries and NATO forces, who recognize the unique product performance of these products on the battlefield.
The Group will communicate early January 2025 its guidance for the 2025 fiscal year, which will incorporate the impact of this new contract.
The Group further confirms that it is fully on track to deliver its guidance for the 2024 fiscal year communicated as part of its IPO.
“We’re very proud to have earned the trust of the German government by once again receiving an order of a new batch of night vision goggles featuring Photonis image intensifier tubes. The performance and quality of our night vision products are key differentiators for our end users and allow us to be the undisputed world leader of image intensifier tubes. While we remain focused on meeting customer requirements by delivering volume on time with the right level of quality, we will continue to invest in capacity expansion and operational excellence required by a stronger market. This contract will also contribute to strengthen our mid-term perspectives.” commented Jérôme Cerisier, CEO of Exosens.
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