$800K Contract Awarded for Cutting-Edge, AI Based Security Surveillance Package in New UK Prison; Latest Annual Revenues of 50 Million 7 Times $CETX Market Cap: Cemtrex Inc. (NASDAQ: CETX)
By: Get News
April 13, 2023 at 16:02 PM EDT
Vicon Industries, a subsidiary of CETX, is a global leader in advanced security and surveillance technology to safeguard businesses, schools, municipalities, hospitals, and cities. Since 1967, Vicon delivers mission-critical security surveillance systems, specializing in engineering complete security solutions that simplify deployment, operation, and ongoing maintenance. Vicon provides security solutions for some of the largest municipalities and businesses in the U.S. and around the world, offering a wide range of cutting-edge and compliant security technologies, from AI-driven video analytics to fully integrated access control solutions. For more information visit www.vicon-security.com
On March 22nd CETX announced it has received a $0.8 million order through Vicon Industries for a new prison being built in the United Kingdom to install a full end-to-end system of Vicon's surveillance products including hardware and software.
The new Category C prison, with cell space for 1,400 prisoners, has been designed to incorporate the latest smart technologies to better protect prisoners, staff, and the public. It will also be the first new prison in the U.K. set to operate as zero-carbon in the future, with an all-electric design, solar panels, heat pumps, and energy-efficient lighting systems.
The new system from CETX Vicon will include state-of-the-art video surveillance security capabilities utilizing the Valerus Video Management System (VMS) and award-winning Roughneck cameras and servers. The Roughneck is a powerfully advanced, NDAA-compliant, camera lineup designed for effortless remote configuration, eliminating tedious and frustrating installations. This extensive line of vandal-resistant cameras provides models for every application, ranging from corner-mounted cameras for in-cell use and super-high resolution, hemispheric models that can capture every detail in larger spaces like mess halls and exercise yards. The order is expected to be shipped partially in the current quarter and into the following quarter.
"We are delighted to garner another major enterprise, a mission-critical project with this full system order for Vicon's surveillance solutions. From penitentiaries in the U.S. to the U.K., our internationally recognized brand Vicon keeps operations safe for prisoners, workers, and visitors," said Saagar Govil, Chairman and CEO of CETX. "The order also reaffirms our expectation for driving 16% revenue growth to $28 million this year for Vicon. In the U.S. and internationally, corrections facilities are increasingly focusing on deploying the latest and greatest technologies and our Valerus system is an example of that. Vicon's full-featured video management systems are engineered to streamline every aspect of the security operation. We expect to see increasing demand as the corrections industry continues to invest in their operations in newer and more efficient technology.”
CETX Vicon's enhanced lineup of Roughneck AI Cameras and latest VMS release -- Valerus 23.1 -- combine to deliver powerful object classification, tracking, recording, and forensic searching. Vicon's Roughneck AI Cameras, with impressive features including advanced analytics, smart/adaptive IR, Starlight low-light technology, and -40° operating temps, now include built-in AI-based analytics. CETX AI-based analytics intelligently identify people and vehicles to help customers perform more meaningful searches in Valerus and diminish nuisance alarms triggered by irrelevant motion. This tight integration between its enhanced cameras and Valerus further improves Vicon's established position as an end-to-end solutions provider.
CETX Benefits Include:
More efficient searches. Filtering out the non-relevant video in post-incident searches so users can find needed info faster and easier.
Real-time, meaningful alarms. Users are instantaneously notified about events that are important, such as people or vehicles in a restricted area, without being distracted by meaningless nuisance alarms.
Edge-based analytics. Analytics reside on the camera, which allows users to be more efficient with server resources, ultimately saving money.
Object-based recording. Valerus can perform object-based recording, meaning motion-triggered events will be recorded only when they involve a person and/or vehicle, allowing for reduced storage costs.
Plug-and-play. The cameras will detect people and vehicles out of the box, allowing users to immediately take advantage of object-based recording and intelligent searches. For customers who deploy dozens or even hundreds of cameras, this feature can save several hours--if not days--of installation and setup time.
For more information on CETX visit: www.cemtrex.com
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