Latest news with #ViconIndustries
Globe and Mail
02-06-2025
- 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.
Associated Press
15-05-2025
- Business
- Associated Press
Cemtrex Reports Second Quarter Fiscal Year 2025 Financial Results
Brooklyn, NY, May 15, 2025 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the fiscal second quarter ended March 31, 2024. Key Highlights for Second Fiscal Quarter 2025 Management Commentary Cemtrex Chairman and CEO, Saagar Govil, commented on the results: 'We are extremely pleased with our strong second quarter performance, which reflects our team's sharp focus on execution and margin improvement. Both operating segments contributed to robust revenue growth, and we delivered a return to profitability on both an operating and net income basis. The improvement in gross margins, combined with disciplined expense management, enabled us to post over $8 million in net income this quarter. We believe this result marks an inflection point for Cemtrex. 'At Vicon, our Security segment, we benefited from the initial shipments of a record $10.4 million order and from the ramp-up of our new NEXT Modular Sensor System, which is now in full production. Our efforts to expand our presence in international markets are also beginning to show progress, with recent STQC certification in India positioning us for long-term growth in that region. Meanwhile, our Industrial Services segment, AIS, delivered solid 13% year-over-year growth and continues to execute well on large infrastructure and industrial projects.' 'We remain laser-focused on delivering shareholder value through improved profitability, strategic innovation, and operational discipline. With a strengthening balance sheet and a growing backlog, we believe we are positioned to sustain momentum through the second half of the fiscal year, and remain optimistic that fiscal 2025 financial performance will surpass fiscal 2024.' Segment Highlights: Vicon Industries: Advanced Industrial Services: As of March 31, 2025, cash and cash equivalents were $4.5 million, and total assets were $46.2 million. Inventories decreased to $6.1 million at March 31, 2025, from $7.0 million at September 30, 2024. Stockholders' equity improved to $6.4 million, exceeding Nasdaq's minimum continued listing standards. 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. Cemtrex, Inc. and Subsidiaries Condensed Consolidated Balance Sheets Cemtrex, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited) Cemtrex, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Unaudited) Cemtrex, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows (Continued) (Unaudited) Investor Relations [email protected]
Globe and Mail
12-05-2025
- Business
- Globe and Mail
Cemtrex's Vicon Secures Prestigious STQC Certification, Strengthening its Position in High-Growth Indian Market
Hauppauge, NY, May 12, 2025 (GLOBE NEWSWIRE) -- – Vicon Industries, a subsidiary of Cemtrex Inc. (Nasdaq: CETX) and a leading provider of advanced security and surveillance solutions, today announced that it has officially received the STQC certification from India's Ministry of Electronics and Information Technology (MeitY), marking a major milestone in the company's global expansion strategy. With this certification, Vicon becomes one of the select few surveillance manufacturers to meet the stringent cybersecurity and quality standards under India's IoT Security Compliance for Surveillance Cameras Scheme (IoTSCS-ER). The designation enables Vicon to market and sell its certified products into India's regulated government, infrastructure, and smart city segments, sectors that are otherwise closed to non-certified providers. 'This certification gives us a powerful entry point into one of the fastest-growing surveillance markets in the world,' said Saagar Govil, Chairman and CEO of Cemtrex. 'Most global manufacturers lack this certification and are therefore excluded from bidding on government or regulated projects in India. We now have a distinct first-mover advantage as the only premium brand certified for these opportunities.' India's video surveillance market is projected to exceed $3 billion by 2027, driven by nationwide security upgrades, urban development, and the expansion of smart cities. However, regulatory barriers have limited foreign participation, creating pent-up demand for high-quality, compliant solutions from trusted global brands. Vicon's certification removes this barrier and positions the company to capitalize on untapped demand in both the public and private sectors. As part of its STQC-certified offering, Vicon's Valerus Video Management System (VMS) is fully compliant and built to support complex, large-scale deployments across critical infrastructure, education, transportation, and public sector environments. With its intuitive interface, centralized control, and advanced cybersecurity architecture, Valerus delivers a comprehensive, enterprise-grade solution that meets India's strictest technical and regulatory requirements. 'India is modernizing rapidly, and safety, security, and quality are now top priorities,' said Gaurav Taywade, Managing Director of Vicon India. 'Earning STQC certification is more than just a regulatory milestone, it's a strategic gateway into one of the most dynamic infrastructure build-outs happening anywhere in the world. India is constructing vast amounts of critical infrastructure including new train stations, airports, seaports, power plants, university campuses, research centers, and highways, all requiring advanced, reliable security solutions. As a certified premium global brand, Vicon is uniquely positioned to support this growth with secure, AI-powered surveillance systems that are easy to install, built to last, and designed to meet the evolving demands of modern infrastructure. We're excited to partner with Indian organizations to help build a safer, smarter, and more connected future.' 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.
