Xenonics Announces Exclusive Agreement with Saudi International Military Services
15 Mayo 2014 - 7:00AM
Business Wire
XENONICS HOLDINGS, INC. (OTCQB:XNNH) announced today that
it signed an exclusive international agreement with Saudi
International Military Services, Ltd. ("SIMS"). This Agreement
established SIMS as an international exclusive agent of Xenonics
Holdings, Inc.
SIMS will pay Xenonics a fee for the exclusivity. The term of
this agreement is for three (3) years and is automatically renewed
for successive three year periods, unless either party gives notice
of non-renewal. Xenonics will pay SIMS fees based on volume of
sales generated.
"We look forward to developing a strong relationship with SIMS
and we believe we found the right international partner. This is a
significant relationship for Xenonics," said Chairman Alan
Magerman.
About Xenonics
Xenonics Holdings, Inc. develops and produces advanced,
lightweight and compact ultra-high-intensity illumination and
low-light vision products for military, law enforcement, public
safety, and commercial and private sector applications. Xenonics'
NightHunter line of illumination products is used by every branch
of the U.S. Armed Forces as well as law enforcement and security
agencies. Its SuperVision high-definition night vision is designed
for commercial and military applications. Employing patented
technologies, Xenonics provides innovative solutions for customers
who must see farther so they can do their jobs better and safer.
Xenonics' products represent the next generation in small, high
intensity, high efficiency illumination and low-light vision
systems. Visit Xenonics on the web at www.xenonics.com.
Forward-Looking Statements
Except for the historical statements, statements in this release
may constitute forward-looking statements within the meaning of
section 21E of the Securities Exchange Act of 1934. When used, the
words "anticipates," "believes," "expects," "intends," "future,"
and other similar expressions identify forward-looking statements.
These forward-looking statements reflect management's current views
with respect to future events and financial performance and are
subject to risks and uncertainties, and actual results may differ
materially from the outcomes contained in any forward-looking
statement. Factors that could cause these forward-looking
statements to differ from actual results include delays in
development, marketing or sales of new products, and other risks
and uncertainties discussed in the company's periodic reports on
Form 10-K and 10-Q and other filings with the Securities and
Exchange Commission. Xenonics Holdings undertakes no obligation to
update or revise any forward-looking statements.
Investor Contact:Berkman Associates(310)
477-3118info@BerkmanAssociates.comorCompany
Contact:Xenonics Holdings, Inc.Alan Magerman, Chairman(760)
477-8900xenonics@xenonics.com
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