CETXW - Cemtrex Receives $0.8 Million Additional Vicon Industries Order from School District Customer | Benzinga
Brooklyn, NY, Feb. 01, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ:CETX, CETXP)), an advanced security technology and industrial services company, today announced it has received a $0.8 million second phase order through Vicon Industries from a current school district customer in New Jersey to develop its security technology system with new solutions, expanding on the customer's previous order.
The New Jersey School District project builds on the customer's state-of-the-art video surveillance security capabilities with the addition of Valerus video management software solutions and award-winning Roughneck cameras and servers. The project is the second installment of this work, and the order is expected to be fulfilled in the first and second quarters of calendar 2024. Details of the customer were not provided due to confidentiality agreements in place.
"Vicon continues to expand revenues with orders from a diverse set of new and existing customers in government and private industry, including border protection, prison systems and schools," said Saagar Govil, Chairman and CEO of Cemtrex. "Growing demand for Vicon's products is being driven by unique challenges in each of these locations that require an advanced solution of technologies to monitor people and protected areas. From the new suite of AI-based analytics with our Roughneck AI Camera Series, to Anavio, a new cloud based, security Software-as-a-Service Platform for safer, smarter schools, we continue to push the edge of technology and security solutions. Layering in these new capabilities and ...