Cemtrex's Vicon Industries Gets $10.4 Million Order to Expand Surveillance System at State Corrections Facility

MT Newswires Live

2024/12/16

Cemtrex (CETX) said Monday its Vicon Industries unit received a $10.4 million order from a state government correction facility to expand the Valerus surveillance security system with additional hardware, including storage infrastructure.

The contract is expected to be fulfilled in fiscal Q2, according to the company.

Details of the customer were not disclosed as they remain confidential due to non-disclosure agreements, Cemtrex added.

Shares of Cemtrex were down 3.4% in recent trading.

Price: 3.27, Change: -0.12, Percent Change: -3.40

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