Kverneland Group

Cemtrex Announces Beta Release of Pioneering AI Gun Detection Feature

Retrieved on: 
Wednesday, March 6, 2024

The introduction of this AI feature, with full commercialization planned for the second half of 2024, is part of Vicon’s commitment to developing cutting-edge solutions that meet the dynamic needs of our customers.

Key Points: 
  • The introduction of this AI feature, with full commercialization planned for the second half of 2024, is part of Vicon’s commitment to developing cutting-edge solutions that meet the dynamic needs of our customers.
  • "The early adoption and feedback through our beta release are vital in shaping a solution that truly meets societal needs.
  • Vicon's AI gun detection technology aims to contribute significantly to efforts to reduce gun violence and its devastating impact on communities across the nation.
  • The Company sees the market opportunity for this feature to be vast, ranging from schools, hospitals, government buildings, retail, to religious institutions.

Cemtrex Receives $0.8 Million Additional Vicon Industries Order from School District Customer

Retrieved on: 
Thursday, February 1, 2024

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.

Key Points: 
  • 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.
  • “Taken together, this demand delivered a 46% increase in revenues for Vicon and our Security segment in FY’23 to $34.7 million.

Cemtrex Reports Unaudited Fourth Quarter and Full Fiscal Year 2023 Financial Results

Retrieved on: 
Thursday, December 21, 2023

Brooklyn, NY , Dec. 21, 2023 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its unaudited financial and operational results for the fourth quarter and fiscal year ended September 30, 2023.

Key Points: 
  • ET
    Brooklyn, NY , Dec. 21, 2023 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its unaudited financial and operational results for the fourth quarter and fiscal year ended September 30, 2023.
  • Revenues for the fourth quarter of 2023 were $16.9 million, compared to $11.8 million in the fourth quarter of 2022, an increase of 44%.
  • Total operating expenses for the fourth quarter of 2023 were $6.9 compared to $7.6 in the fourth quarter of 2022.
  • Comprehensive Net loss in the fourth quarter of 2023 totaled $0.5 million compared to a net loss of $0.5 million in the fourth quarter of 2022.

Global ISOBUS Component Market Insights Report 2023-2028: Focus on Product & Application, Supply Chain Analysis, and Country Analysis

Retrieved on: 
Thursday, December 21, 2023

The global ISOBUS component market encompasses a comprehensive suite of precision agriculture solutions, including ISOBUS displays, universal terminals (UTs), section control modules (SCMs), electronic control units (ECUs), and ISOBUS software.

Key Points: 
  • The global ISOBUS component market encompasses a comprehensive suite of precision agriculture solutions, including ISOBUS displays, universal terminals (UTs), section control modules (SCMs), electronic control units (ECUs), and ISOBUS software.
  • Middle East and Africa - South Africa, Israel, and Rest-of-Middle East and Africa
    The ISOBUS component industry in Europe is propelled by several key factors.
  • The global ISOBUS component industry has the capacity to address distinct agricultural niches through the development of bespoke solutions.
  • The featured companies have been meticulously chosen, drawing insights from primary experts and thorough evaluations of company coverage, product offerings, and market presence.

Cemtrex Subsidiary, Vicon Industries, Launches Anavio, A New Cloud Based, Security Software-as-a-Service Platform For Safer, Smarter Schools

Retrieved on: 
Tuesday, October 10, 2023

This new platform is designed specifically with schools in mind to deliver a safer and smarter campus.

Key Points: 
  • This new platform is designed specifically with schools in mind to deliver a safer and smarter campus.
  • Schools in the US face on-going security challenges with violence from school shootings to theft, vandalism, bullying, among other challenges.
  • This new cloud platform allows us to create more value in our business by evolving Vicon into a recurring revenue business model.
  • As a cloud platform, with AI technology at its core, Anavio is the ideal next generation solution to solve the security challenges of today’s schools.

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

Retrieved on: 
Tuesday, August 29, 2023

Brooklyn, 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.

Key Points: 
  • Brooklyn, 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.
  • Vicon offers customers a complete solution with the ability to monitor license plates (LPR), access control and video management, all from Valerus.
  • With Vicon’s 55 years of experience and best-in-class offering, we expect additional Vicon orders ahead, driving revenue and momentum,” concluded Govil.

Cemtrex Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 10, 2023

Brooklyn, NY, Aug. 10, 2023 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the third quarter ended June 30, 2023.

Key Points: 
  • ET
    Brooklyn, NY, Aug. 10, 2023 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the third quarter ended June 30, 2023.
  • Total operating expenses for three months ended June 30, 2023, were $6.4 million, compared to $6.6 million in the prior year’s quarter.
  • Operating income for the third quarter of 2023 was $0.1 million as compared to an operating loss of $1.5 million for the third quarter of 2022.
  • Cemtrex Chief Executive Officer Saagar Govil and Chief Financial Officer Paul Wyckoff will host the conference call, followed by a question-and-answer period.

IPVideo Announces Integration of HALO Smart Sensor with Vicon VMS to Stop Vaping and Provide Security in Privacy Areas

Retrieved on: 
Tuesday, August 1, 2023

BAY SHORE, N.Y., Aug. 1, 2023 /PRNewswire-PRWeb/ -- Valerus VMS Now Offers Built-In Monitoring of HALOs Vaping, Security, and Health Alerts-

Key Points: 
  • This collaboration enables dealers and clients to monitor HALO alerts directly from their Valerus VMS, while providing an added layer of protection within facility privacy areas.
  • "Be it vaping prevention, security, or identifying healthy spaces for occupants, this integration is a value proposition that allows Vicon clients worldwide to provide security for privacy areas across markets."
  • "The integration between HALO Smart Sensor and Valerus VMS empowers schools, hospitals and other facilities worldwide to further unify their physical security and air quality devices," said Haim Shain, SVP of Product Management at Vicon Industries.
  • For more information on the HALO Smart Sensor and Vicon's Valerus VMS, visit: https://HALOdetect.com/ and https://www.vicon-security.com/products/valerus-vms/

A New Era For Motion Capture: Vicon Enters Markerless Market with Unparalleled Accuracy

Retrieved on: 
Tuesday, August 1, 2023

Commenting on the news, Imogen Moorhouse, Vicon CEO, said: "Today marks the beginning of a new era for motion capture.

Key Points: 
  • Commenting on the news, Imogen Moorhouse, Vicon CEO, said: "Today marks the beginning of a new era for motion capture.
  • The ability to capture motion without markers, while maintaining industry leading accuracy and precision, is an incredibly complex feat.
  • It is our first step towards future product launches which will culminate in a first-of-its-kind platform for markerless motion capture."
  • Vicon is aiming to enhance the potential for markerless motion capture, for the benefit of all.

Cemtrex Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, May 11, 2023

Brooklyn, NY, May 11, 2023 (GLOBE NEWSWIRE) --  Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the second quarter ended March 31, 2023.

Key Points: 
  • ET
    Brooklyn, NY, May 11, 2023 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its financial and operational results for the second quarter ended March 31, 2023.
  • Cemtrex Chairman and CEO, Saagar Govil, commented on the results: “The second quarter of fiscal year 2023 was highlighted by a return to operating profit driven by the sweeping efforts we have taken throughout the business.
  • Operating income for the second quarter of 2023 was $0.4 million as compared to an operating loss of $2.9 million for the second quarter of 2022.
  • Cemtrex Chief Executive Officer Saagar Govil and Chief Financial Officer Paul Wyckoff will host the conference call, followed by a question-and-answer period.