Following 60% Annual Growth: Next Vision Secures Major Deal
The company Next Vision announced the receipt of an order from an existing client for the supply of cameras and other products. The deal, worth approximately $5.6 million, will be fully supplied by the end of 2026.
Today, Friday, Next Vision Stabilized Systems Ltd officially reported to the Tel Aviv Stock Exchange regarding the receipt of a new order. The report reveals that the company received a significant order from an existing client.
It was clarified that this client is not related to the company or its stakeholders in any way. The engagement involves the purchase of cameras and other products manufactured by the company. The value of the order is estimated at approximately $5.6 million, excluding value-added tax.
Regarding payment terms, an advance payment of 30% of the total consideration has already been received. The balance will be transferred by the client prior to product delivery, based on predefined dates agreed upon by both parties.
The company has committed to supplying all products by the end of the fourth quarter of 2026. The report is signed by Chen Golan, Chairman of the Board of Directors. It was further clarified that these orders are subject to the company's standard terms, including warranty provisions for the supplied equipment.
