THEON receives first order for multi-sensor gimbals from a European Defense Prime, and announces acquisition of 30% of ShockEOS with an option to reach majority shareholding

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[{"type":"image","alt":"Theon International PLC","displaySize":"","headline":null,"caption":"Theon International PLC","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":212,"url":"https://media.zenfs.com/en/globenewswire.com/f6805ab7eb56bfd98ca676a9b6355b0f"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.3zcFeWxh5Lu_MCsxAM_yw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI5NztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/f6805ab7eb56bfd98ca676a9b6355b0f","width":300,"height":212}},"lazy":false},{"type":"text","content":"PRESS RELEASE","length":13,"tagName":"p"},{"type":"text","content":"Bloomberg (THEON:NA) / Reuters (THEON.AS)","length":41,"tagName":"p"},{"type":"text","content":"","length":0,"tagName":"p","attribs":{}},{"type":"text","content":"5 November 2025 – Theon International Plc (THEON) is pleased to announce the evolution of the €10 million investment announced in October 2024 for developing new platform-based products. As a result of a joint engineering collaboration between THEON and Shock EO Systems Ltd (ShockEOS) R&D teams over the past 12 months, THEON has received an initial order for several sample units of its newly developed stabilized multi-sensor platform optronics system from a European Defense Prime. These samples will be used for the full qualification of the system on a remote weapon system over the coming months, at the end of which an extensively large order for serial production is expected to be placed.","length":702,"tagName":"p"},{"type":"text","content":"Theon was selected by the Defense Prime based on its established Design and Development capabilities, as well as production readiness and price competitiveness. This first success of THEON in the stabilized multi-sensor platform optronics segment comes much earlier than internally expected, with first orders originally anticipated towards the end of 2026. This is the result of THEON’s investments in accelerating its entry into the segment by enlarging its own R&D team over the past 18 months, collaborating closely with ShockEOS, as well as its recent acquisition of Kappa (pending final regulatory approvals).","length":619,"tagName":"p"},{"type":"text","content":"Following this demonstrated success with ShockEOS, and to support further acceleration into the segment, THEON is now acquiring 30% of ShockEOS, subject to cu...

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