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HAUPPAUGE, NY - Vicon Industries, a subsidiary of Cemtrex Inc. (NASDAQ:CETX), has secured a follow-on order exceeding $1.2 million to support a security upgrade project for a major Midwestern county government, the company announced Tuesday. The contract comes as Cemtrex, currently valued at $4.19 million, shows strong revenue growth of ~13% over the last twelve months, according to InvestingPro data.
The order, placed through a global systems integration partner, includes Vicon’s high-performance cameras, recording servers, and Valerus video management software licenses for deployment across multiple county facilities.
According to the company’s press release statement, the order builds upon previous deployments with the same client and is expected to be fulfilled over the coming months, contributing to Vicon’s fiscal 2025 results.
"This award reflects the strength of our execution and the trust we’ve earned with key public-sector stakeholders," said Saagar Govil, Chairman and CEO of Cemtrex.
The company described the contract as one of Vicon’s largest public-sector wins in recent quarters, noting it represents a pattern of repeat institutional orders, particularly in government and education sectors.
Vicon Industries provides video surveillance solutions as part of Cemtrex’s security segment. The parent company also operates an industrial segment through Advanced Industrial Services, offering rigging, millwrighting, and equipment installation services.
The names of the client and integration partner were not disclosed, which the company stated is consistent with the terms of the engagement.
This order comes as Vicon reports growing market interest in its next-generation offerings, including the NEXT Modular Sensor System, which has recently received recognition for innovation and design. For deeper insights into Cemtrex’s financial health and growth prospects, including 15+ additional ProTips and comprehensive analysis, investors can access the full Pro Research Report on InvestingPro.
In other recent news, Cemtrex Inc. reported significant financial results for the first half of fiscal 2025, with $41 million in revenue, marking a 20% increase year-over-year, and $2.3 million in operating income. The company, now profitable, is focusing on growth through acquisitions, evaluating potential targets that could boost annual operating income by $3 to $4 million. Cemtrex has also completed a $1.25 million public stock offering, with Aegis Capital Corp. managing the transaction, to support its strategic initiatives. Furthermore, Cemtrex has regained compliance with Nasdaq’s stockholders’ equity requirements, reporting $6,403,022 in equity, thus securing its listing on the Nasdaq Capital Market.
In addition to financial developments, Vicon Industries, a Cemtrex subsidiary, secured contracts worth approximately $0.8 million to supply surveillance systems to UK correctional facilities. These contracts highlight Vicon’s capability in meeting stringent security standards. Cemtrex’s recent achievements and strategic moves reflect its commitment to enhancing shareholder value and expanding its market presence. The company emphasizes that future acquisitions will be funded through internal capital, seller financing, and equity raises.
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