Shares of Cemtrex Inc. (NASDAQ:CETX) rose 2.3% after the company reported that its subsidiary, Vicon Industries, secured a follow-on contract worth over $1.2 million from a large county government in the U.S. Midwest.
The order, placed through a global systems integration partner, is part of a broader security modernization effort. It includes Vicon’s advanced camera systems, recording servers, and Valerus video management software to bolster surveillance across multiple municipal facilities. Cemtrex said the project is expected to be completed over the next several months and will be reflected in Vicon’s fiscal 2025 performance.
“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. “As municipalities invest in more advanced and unified security platforms, Vicon is increasingly the partner of choice.”
Cemtrex noted that the new order highlights a trend of repeat business from institutional clients, particularly in the government and education sectors. The deal also comes as interest grows in Vicon’s latest product innovations, including the award-winning NEXT Modular Sensor System.
The company sees this development as further validation of its strategy to reposition Vicon from a traditional camera provider to a next-generation security technology platform, emphasizing modular architecture, AI-powered analytics, and readiness for large-scale public deployments.
Looking ahead, Cemtrex expects Vicon to achieve strong year-over-year growth in fiscal 2025, supported by expanding demand, increased sales momentum, and a robust project pipeline in the institutional space.