Xenonics Holdings, Inc. announced 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 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.