- Cemtrex (CETX, Financial) secures $500,000+ order for NEXT Modular Sensor System from a Kentucky school district.
- Vicon Industries expects revenue growth from $21 million in FY2021 to over $36 million in FY2025, realizing a 14% CAGR.
- Order includes over 550 NEXT camera sensors, expected to fulfill in Cemtrex's fiscal Q4 2025.
Cemtrex Inc. (CETX), through its subsidiary Vicon Industries, has received a substantial purchase order exceeding $500,000 from a major school district in Kentucky for its NEXT Modular Sensor System. This order includes more than 550 NEXT camera sensors equipped with PTRZ lenses and integrated on-device analytics, which will be integrated with Vicon's Anavio cloud platform.
The NEXT platform is recognized for its competitive advantages, such as simplified installation using a 3-step mounting process and flexible sensor configurations, which contribute to a lower total deployment cost. These features have been instrumental in positioning the platform as a cost-effective solution in price-sensitive sectors like education and government.
Vicon Industries has demonstrated robust growth, increasing its revenue from $21 million in FY2021 to a projected $36 million in FY2025, representing a compound annual growth rate (CAGR) of 14%. The order from the Kentucky school district is a strategic win for Cemtrex and will be fulfilled in the company's fiscal fourth quarter of 2025.
Through the integration with the Anavio platform, customers benefit from a comprehensive, cloud-managed surveillance solution without incurring additional licensing fees. This order highlights the potential of Cemtrex's NEXT platform and supports Vicon's impressive growth trajectory in the security and surveillance market.
