Vicon Industries Receives $500,000 Purchase Order for NEXT Modular Sensor System.

Vicon Industries, a subsidiary of Cemtrex Inc., has received a purchase order exceeding $500,000 for its NEXT Modular Sensor System from a major school district in Kentucky. This win validates the NEXT platform, which began shipping last quarter and is ramping in the current fiscal fourth quarter. The NEXT platform is a complete, cloud-managed surveillance solution that is both smarter and more cost-effective than legacy systems.

Vicon Industries, a subsidiary of Cemtrex Inc. (NASDAQ: CETX), has received a significant purchase order exceeding $500,000 for its NEXT Modular Sensor System from a major school district in Kentucky. This win validates the NEXT platform, which began shipping last quarter and is ramping in the current fiscal fourth quarter.

The NEXT Modular Sensor System is a complete, cloud-managed surveillance solution that is both smarter and more cost-effective than legacy systems. The system features over 550 NEXT camera sensors with PTRZ lenses and on-device analytics, integrated with Vicon's Anavio cloud platform. The platform's competitive advantages include simplified installation with a 3-step mounting process and flexible sensor configurations [1].

Vicon Industries has demonstrated strong growth, increasing revenue from $21 million in FY2021 to a projected $36 million in FY2025, representing a 14% compound annual growth rate (CAGR) [1]. The order will be fulfilled in Cemtrex's fiscal fourth quarter, potentially helping the company meet or exceed its projected FY2025 revenue for the Vicon subsidiary.

The NEXT platform's innovative design, faster installs, and platform value helped Vicon win this competitive public-sector opportunity. The cloud-based Anavio platform integration creates a recurring revenue opportunity through the SaaS model, though the release indicates that NEXT customers receive this without additional licensing fees. This suggests that Cemtrex is prioritizing hardware adoption over immediate software monetization, likely building an installed base that could yield future revenue opportunities through upgrades or additional services [1].

The order is expected to be fulfilled in Cemtrex’s fiscal fourth quarter. The customer's name is being withheld due to confidentiality agreements.

References:
[1] https://www.stocktitan.net/news/CETX/cemtrex-wins-500k-order-for-next-modular-camera-system-from-major-n9rpfgnxmq1v.html