Latest news with #Cemtrex
Globe and Mail
a day ago
- Business
- Globe and Mail
Cemtrex's Vicon Expands Leadership in UK Prison Security Market with New Wave of System Orders
Hauppauge, NY, June 02, 2025 (GLOBE NEWSWIRE) -- Vicon Industries, a subsidiary of Cemtrex Inc. (Nasdaq: CETX) and a leading provider of advanced security and surveillance solutions, today announced it has secured a new set of significant orders from correctional facilities in the United Kingdom. The contracts, valued at approximately $.8 million, further Vicon's position as a trusted provider in one of the world's most regulated and demanding surveillance environments. The orders came through a long-term integration partner of Vicon and include advanced surveillance hardware and software for multiple prisons and an immigration center. Each deployment features a tailored mix of Vicon's advanced outdoor dome and bullet cameras, Valerus enterprise video management licenses, and high-performance recording servers, all optimized for 24/7 operation in secure facilities. 'These repeat orders from within the UK's custodial sector underscore the critical role our technology plays in protecting secure facilities,' said Saagar Govil, Chairman and CEO of Cemtrex. 'They are a direct reflection of the value we bring including reliable performance, seamless integration, and a product roadmap aligned with the evolving needs of public infrastructure clients.' The UK correctional market is known for its stringent standards and rigorous procurement processes. Vicon's ability to consistently meet those demands is a testament to its deep engineering capabilities and commitment to long-term customer partnerships. 'Our continued traction in this sector isn't just about strong products, it's about trust earned over years of consistent delivery,' added Govil. 'As infrastructure modernization accelerates, we are proud to be a partner of choice for institutions focused on resilience, safety, and operational excellence.' These latest orders build on a multi-year track record of success in the UK market and reinforce Vicon's position as a preferred provider for critical government applications. The systems are scheduled to begin deployment this quarter and are expected to be fully delivered before the end of the fiscal year. The client, which requested confidentiality, has also indicated the potential for future orders tied to ongoing infrastructure upgrades. About Cemtrex Cemtrex, Inc. (Nasdaq: CETX) is a diversified technology company operating in the Security and Industrial sectors. Its Security segment, led by Vicon Industries, provides advanced video management software, high-performance security cameras, and integrated surveillance solutions for enterprise, government, and critical infrastructure. The Industrial segment, through Advanced Industrial Services (AIS), delivers expert rigging, millwrighting, process piping, and equipment installation services to manufacturers nationwide. With a focus on innovation, execution, and strategic growth, Cemtrex is committed to enhancing safety, efficiency, and value for its customers and shareholders. For more information, visit Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the closing of the offering, gross proceeds from the offering, our new product offerings, expected use of proceeds, or any proposed fundraising activities. These forward-looking statements are based on management's current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward looking statements. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. These risks and uncertainties are discussed under the heading 'Risk Factors' contained in our Form 10-K filed with the Securities and Exchange Commission. All information in this press release is as of the date of the release and we undertake no duty to update this information unless required by law.
Yahoo
5 days ago
- Business
- Yahoo
Cemtrex, Inc. Announces Closing of $1.25 Million Underwritten Public Offering
Hauppauge, NY, May 29, 2025 (GLOBE NEWSWIRE) -- Cemtrex, Inc. (NASDAQ: CETX) (the 'Company'), an advanced security technology and industrial services company, today announced the closing of its previously announced firm commitment underwritten public offering. Gross proceeds to the Company were approximately $1.25 million, before deducting underwriting fees and other offering expenses payable by the Company. The offering closed on May 29, 2025. The offering consisted of 1,250,000 shares of common stock ('Common Stock'). The public offering price per share of Common Stock was $1.00. In addition, the Company has granted Aegis Capital Corp. ('Aegis') a 45-day option to purchase additional shares of Common Stock of up to 15.0% of the number of shares of Common Stock sold in the offering solely to cover over-allotments, if any. Aegis Capital Corp. acted as the sole book-running manager for the offering. The Doney Law Firm acted as counsel to the Company. Kaufman & Canoles, P.C. acted as counsel to Aegis Capital Corp. The offering was made pursuant to an effective shelf registration statement on Form S-3 (No. 333-283995) previously filed with the U.S. Securities and Exchange Commission (SEC) and declared effective by the SEC on February 3, 2025. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@ or by telephone at +1 (212) 813-1010. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Cemtrex, Inc. Cemtrex, Inc. (Nasdaq: CETX) is a diversified technology company operating in the Security and Industrial sectors. Its Security segment, led by Vicon Industries, provides advanced video management software, high-performance security cameras, and integrated surveillance solutions for enterprise, government, and critical infrastructure. The Industrial segment, through Advanced Industrial Services (AIS), delivers expert rigging, millwrighting, process piping, and equipment installation services to manufacturers nationwide. With a focus on innovation, execution, and strategic growth, Cemtrex is committed to enhancing safety, efficiency, and value for its customers and shareholders. For more information visit Forward-Looking Statements The foregoing material may contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company's product development and business prospects, and can be identified by the use of words such as 'may,' 'will,' 'expect,' 'project,' 'estimate,' 'anticipate,' 'plan,' 'believe,' 'potential,' 'should,' 'continue' or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the security laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. CONTACT: Investor Relations investors@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Cemtrex's AIS secures $1.8M contract for wastewater treatment plant upgrade
Advanced Industrial Services was awarded a $1.84M contract by the City of Lancaster to upgrade critical infrastructure at its Advanced Wastewater Treatment Plant. This win adds to AIS's growing track record of delivering high-impact projects across the municipal and industrial sectors. Under Contract No. 2023-33-01, titled Advanced Wastewater Treatment Plant South Primary Clarifier Upgrades Project, AIS will replace process mechanical and electrical systems, rehabilitate clarifier structures, and modernize control systems for four primary clarifiers in the South Train of the City's AWWTP. The project is scheduled to be completed within one year of commencement during the City's 2025-2026 fiscal year. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on CETX: Disclaimer & DisclosureReport an Issue Cemtrex Holds Annual Shareholders Meeting, Elects Board Cemtrex reports Q2 EPS $4.10 vs. ($3,054.05) last year Cemtrex's Vicon secures STQC certification Cemtrex secures $1M security technology order Sign in to access your portfolio
Business Insider
7 days ago
- Business
- Business Insider
Cemtrex announces launch of proposed public offering
Cemtrex (CETX) 'announced that it has commenced a public offering to offer and sell shares of Common Stock. Aegis Capital Corp. is acting as the sole book-running manager for the offering on a firm commitment basis.' Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Globe and Mail
7 days ago
- Business
- Globe and Mail
Cemtrex, Inc. Announces Launch of Proposed Public Offering
Hauppauge, NY, May 27, 2025 (GLOBE NEWSWIRE) -- Cemtrex, Inc. (NASDAQ: CETX) (the 'Company'), an advanced security technology and industrial services company, today announced that it has commenced a public offering to offer and sell shares of Common Stock (or pre-funded warrants in lieu thereof). All of the share of Common Stock and pre-funded warrants are being offered by the Company (the 'Offering'). The Company intends to use the net proceeds from this offering for general corporate purposes, paying down indebtedness, and working capital needs. The Company's Common Stock is trading on the Nasdaq Capital Market under the symbol 'CETX'. The Offering is subject to market conditions, and there can be no assurance as to whether or when the Offering may be completed, or as to the actual size or terms of the Offering. Aegis Capital Corp. is acting as the sole book-running manager for the offering on a firm commitment basis. The offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-283995) previously filed with the U.S. Securities and Exchange Commission (SEC) and declared effective by the SEC on February 3, 2025. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@ or by telephone at +1 (212) 813-1010. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Cemtrex, Inc. Cemtrex, Inc. (Nasdaq: CETX) is a diversified technology company operating in the Security and Industrial sectors. Its Security segment, led by Vicon Industries, provides advanced video management software, high-performance security cameras, and integrated surveillance solutions for enterprise, government, and critical infrastructure. The Industrial segment, through Advanced Industrial Services (AIS), delivers expert rigging, millwrighting, process piping, and equipment installation services to manufacturers nationwide. With a focus on innovation, execution, and strategic growth, Cemtrex is committed to enhancing safety, efficiency, and value for its customers and shareholders. For more information visit Forward-Looking Statements The foregoing material may contain 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company's product development and business prospects, and can be identified by the use of words such as 'may,' 'will,' 'expect,' 'project,' 'estimate,' 'anticipate,' 'plan,' 'believe,' 'potential,' 'should,' 'continue' or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the security laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
