Cemtrex Receives $1.5 Million Upgrade Order for Vicon Valerus System from Correctional Facility in Maryland

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[{"type":"text","content":"Corrections Market Segment Driving Increased Demand at Company\nBrooklyn, NY, Aug. 29, 2023 (GLOBE NEWSWIRE) -- Cemtrex Inc. (Nasdaq: CETX, CETXP), an advanced security technology and industrial services company, has received a $1.5 million order through its Vicon Industries subsidiary for a large correctional facility, and current end-customer, in Maryland to upgrade its security technology system with new Valerus software and hardware. The enterprise-class system installation includes Vicon’s state-of-the-art end-to-end Valerus video surveillance security system and Roughneck AI cameras, as well as servers to support a large increase in storage hardware. The order is expected to be fulfilled in the third quarter of the calendar year. Details of the customer were not provided due to confidentiality agreements in place. “Vicon continues to expand rapidly on strong demand and sales execution, leveraging its advanced surveillance technology to attract customers,” said Saagar Govil, Chairman and CEO of Cemtrex. “Multiple large orders are demonstrating Vicon’s ability to address escalating demand as end-users seek a reliable source of video surveillance and access control technologies fit for today’s highly dynamic environment. Vicon offers customers a complete solution with the ability to monitor license plates (LPR), access control and video management, all from Valerus. Its sophisticated – yet simple and flexible – interface helps users monitor and investigate video, audio, alarms, access control, license plate recognition and system health — all without changing windows or systems. “The escalating need for technology solutions within correctional facilities has become evident in recent years, transforming the way these institutions operate and interact with their environments. With older systems needing replacement, technology systems like Valerus offer innovative tools for enhancing security, communication, and operations. Our correctional customers are increasingly recognizing the urgency of embracing technology to address complex issues and create safer, more effective environments within their facilities. With Vicon’s 55 years of experience and best-in-class offering, we expect additional Vicon orders ahead, driving revenue and momentum,” concluded Govil. About Cemtrex Cemtrex Inc. (CETX) is a company that owns two operating...

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