NextVision Receives a $24M Purchase Order
(“The Company”)
- Israeli Securities Authority – www.isa.gov.il
- Tel-Aviv Stock Exchange Ltd – www.tase.co.il
The Company hereby announces that, on October 6th, 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 the Company’s cameras and accessories, for a total consideration of approximately USD 24 million (excluding VAT) (hereinafter: the “Order” and the “Consideration,” respectively).
The Consideration shall be paid within 30 days from the date on which the products are shipped to the Customer, in accordance with delivery schedules agreed upon between the parties. The Company is expected to supply the Order beginning in January 2027 and through the end of the second quarter of 2027.
The parties have agreed that they will negotiate and enter into an agreement governing the terms applicable to the Order. Until such agreement is executed, the Company’s standard terms and conditions shall apply. In addition, the Customer shall have the right to cancel the Order if the parties do not reach agreement on the form of such agreement within 60 days from the date the Order was confirmed.
The Order is subject to receipt of a regulatory approval, which has not yet been obtained.
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 an existing client of the Company who has previously placed orders with the Company.