NextVision Stabilized Systems Ltd. (“The Company”)
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 is pleased to announce that, on January 18, 2026, it received an order from a third party, which is not related to the Company and/or its interested parties (hereinafter: the “Customer”)2, for the purchase of cameras and additional products of the Company, for a total consideration of approximately USD 60 million (excluding VAT) (the “Order” and the “Consideration”, respectively).
According to the terms of the Order, if the Customer decides to halt the Order prior to the full delivery of all items, the unit price of each camera shall be adjusted as specified in the Order. If the Company is delayed in delivering the products for a period exceeding 7 days (the “Grace Period”), the Company shall compensate the Customer in accordance with the formula stipulated in the Order, provided that such compensation shall not exceed an aggregate amount of 15% of the value of the delayed products.
The Consideration shall be paid under payment terms of net + 85. In any event of late payment, a late-payment interest mechanism shall apply starting from the first day after the Grace Period, at the rate specified in the Order and up to 15% of the total value of the Order. The Company shall supply the products in accordance with the delivery schedule agreed with the Customer and no later than the end of 2029.
The Order is subject to the terms agreed between the parties in the agreement dated October 25, 2023, and the addendum dated January 15, 2026 (together, the “Agreement”), including, inter alia, with respect to the Company’s warranty for the products during the warranty period and the Company’s responsibility for shipment of the products. As stipulated in the Agreement, the Company shall indemnify the Customer for any damage incurred by the Customer that the Company is responsible for, subject to the terms of the Agreement, including the limitation that
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 an existing client of the Company who has previously placed orders with the Company.
the indemnification amount shall not exceed the amount actually paid by the Customer to the Company during the 12-month period preceding the occurrence of the damage giving rise to the indemnification right.
Respectfully,
Next Vision Stabilized Systems Ltd.
Signed by: Chen Golan, Chairman of the Board