A cooperation agreement between the Greek night vision and thermal imaging systems company THEON SENSORS SA and the Saudi Arabian company National Company for Mechanical Systems (NCMS) for the joint production of the Mikron night vision instrument was signed in the context of the official visit to our country by Crown Prince of Saudi Arabia, Mohammed Bin Salman.
The two companies have taken on 2 first orders, the amount of which is expected to reach €80 million with a time frame of the next 4 years and with the production of the glasses starting from the end of 2022.
The presence of THEON SENSORS in the region already counts for 2 years through the establishment of a new subsidiary company, THEON SAUDI ARABIA, based in Saudi Arabia, for the promotion, production and development of existing and new night vision products and thermal imaging systems, with an emphasis in the development of applications of larger electro-optical and thermal systems for platforms and vehicles.
“Today’s new agreement with the Saudi company NCMS, which is the only defense-related corporate agreement signed today between Greece and Saudi Arabia, confirms the strategic nature of the relations between the two countries, as well as the strong demand and increased needs for night vision and thermal imaging systems of the Armed Forces and Security Forces of Saudi Arabia.After 2 years of our presence in Saudi Arabia, the company is moving into the 2nd phase and through real transfer and exchange of know-how is strengthening and deepening its capabilities in the field of of optical-electronic science, creates advanced products, further strengthening its presence in the wider region”, said Christian Hatziminas, President of THEON SENSORS and EFA GROUP.
Source: Capital
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