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 order
Further to the Company’s immediate report dated March 13, 20252, regarding an order received from an existing customer of the Company in the total amount of approximately USD 30 million (the “Total Consideration”), the Company hereby announces that on November 19, 2025, the condition precedent was fulfilled, whereby regulatory approval was obtained for the transaction in respect of USD 2.7 million out of the Total Consideration (the “Current Consideration” and the “Current Order,” respectively).
In addition, and contrary to what was stated in the previous immediate report, 50% of the Current Consideration will be paid to the Company as an advance prior to delivery. The remaining balance of the Current Consideration will be paid within 30 days from the date on which the Company issues an invoice for each shipment of products, in accordance with the agreed delivery schedule between the parties. The Company will deliver the Current Order by the end of the first quarter of 2026.
Except as stated above, there has been no change in the terms of the agreement as defined in the previous immediate report. It is clarified that the condition precedent regarding the remainder of the order has not yet been fulfilled.
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 Reference No.: 2025-01-016909, the contents of which are hereby incorporated by reference into this immediate report (the “Previous Immediate Report”).