NextVision Stabilized Systems Ltd. (“The Company”)
01/06/2026
To:
- Tel Aviv Stock Exchange Ltd. (TASE) – www.tase.co.il
- Israel Securities Authority (ISA) – www.isa.gov.il
Subject: Receipt of purchase order1
The Company hereby respectfully announces that, on May 31, 2026, it received orders from a third party, which is not related to the Company and/or its interested parties (the “Customer”)2, for the purchase of the Company’s cameras and additional products, for an aggregate consideration of approximately USD 9.6 million (excluding VAT) (the “Order” and the “Consideration,” respectively).
An amount equal to 15% of the Consideration has been paid as an advance. In addition, a further 45% of the Consideration will be paid prior to the shipment of each order in accordance with milestones agreed between the parties, and the remaining balance will be paid within 45 days from the final shipment. The Company is expected to deliver the products by the end of the third quarter of 2026.
The Order is subject to the Company’s standard terms, including, inter alia, provisions concerning product warranty. It is noted that, on May 28, 2026, the Company entered into an agreement with the Customer (the “Agreement”) governing the relationship between the parties. The Agreement includes customary provisions for agreements of this nature, including provisions regarding the payment of default interest by the Customer in the event of any non-payment, compensation payable by the Company in the event of shipment delays caused by the Company, provisions regulating the Company’s rights in cases where the Customer fails to pay for the Order, as well as provisions relating to the intellectual property of the products. As stated in the Agreement, the Customer is not entitled to cancel the Order and shall be obligated to pay the full Consideration, unless otherwise agreed by the Company.
Respectfully,
Next Vision Stabilized Systems Ltd.
Signed by: Chen Golan, Chairman of the Board
1 The Company’s policy regarding the publishing of an English translation is that the Company will publish an English translation of its financial statements, presentations, and any immediate report that the Company is required to publish pursuant to Section 36(a) of the Securities Regulations (Periodic and Immediate Reports), 1970. Also, it should be clarified that this is an English translation of the information included in the immediate report. In the event of any discrepancy between the original Hebrew and the translation to English, the Hebrew version alone will prevail.
2 The Customer is a new customer of the Company.