Associated tags: Internet of things, AI, Virtual reality, Computer vision, Artificial intelligence, Kverneland Group, Security (finance)
Locations: FARMINGDALE, NY, US, HAUPPAUGE, NO, NEW YORK, AMERICAS, AR
AIS,
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Kverneland Group Hauppauge, NY, May 14, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its unaudited financial and operational results for the fiscal second quarter ended March 31, 2024.
Key Points:
- Hauppauge, NY, May 14, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its unaudited financial and operational results for the fiscal second quarter ended March 31, 2024.
- Cemtrex Chairman and CEO, Saagar Govil, commented on the results: “The second quarter was highlighted by new technology deployments and continued overall growth in our business.
- Operating loss for the second quarter of 2024 was $1.0 million as compared to an operating income of $0.4 million for the second quarter of 2023.
- Cemtrex Chief Executive Officer Saagar Govil and Chief Financial Officer Paul Wyckoff will host the conference call, followed by a question-and-answer period.
Hauppauge, NY, May 09, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will hold a conference call on Tuesday, May 14, 2024 at 5:00 p.m. Eastern time to discuss its results for the fiscal second quarter ended March 31, 2024.
Key Points:
- Hauppauge, NY, May 09, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will hold a conference call on Tuesday, May 14, 2024 at 5:00 p.m. Eastern time to discuss its results for the fiscal second quarter ended March 31, 2024.
- A press release detailing these results will be issued prior to the call.
- Cemtrex Chief Executive Officer Saagar Govil and Chief Financial Officer Paul Wyckoff will host the conference call, followed by a question-and-answer period.
- To access the call, please use the following information:
The offering was upsized from $9 million.
Key Points:
- The offering was upsized from $9 million.
- The purchase price of each Common Unit was $0.85, and the purchase price of each Pre-Funded Unit was $0.849 (which is equal to the public offering price per Common Unit minus $0.001).
- The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until all the Pre-Funded Warrants are exercised in full.
- The closing of the offering occurred on May 3, 2024, subject to the satisfaction of customary closing conditions.
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Video game Plus, Anavio’s remote monitoring and management capabilities allow security operations to be performed from anywhere, via any smart device.
Key Points:
- Plus, Anavio’s remote monitoring and management capabilities allow security operations to be performed from anywhere, via any smart device.
- This means customers can invest in the solution and the technology, not the burden of deploying and managing it.
- But you can also combine face and card credentials for that extra layer of security and flexibility.
- But we’re equally committed to our on-prem customer base, and as such, we continue to invest heavily in a solution that benefits them.
Hauppauge, NY, March 11, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received $2.1 million in new orders through its Advanced Industrial Services (“AIS”) subsidiary underscoring the Company’s strong market position and optimistic growth outlook.
Key Points:
- Hauppauge, NY, March 11, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received $2.1 million in new orders through its Advanced Industrial Services (“AIS”) subsidiary underscoring the Company’s strong market position and optimistic growth outlook.
- Scheduled for completion within this fiscal year, these projects will leverage AIS’s comprehensive suite of services, including mechanical, electrical, piping, and project management.
- This approach not only demonstrates AIS’s capability to handle complex industrial requirements but also reinforces its position as a preferred partner in the industry.
- Moreover, we continue to explore acquisition opportunities that can enhance the Company’s market reach and service capabilities, and further drive AIS’ growth.”
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Artificial intelligence The introduction of this AI feature, with full commercialization planned for the second half of 2024, is part of Vicon’s commitment to developing cutting-edge solutions that meet the dynamic needs of our customers.
Key Points:
- The introduction of this AI feature, with full commercialization planned for the second half of 2024, is part of Vicon’s commitment to developing cutting-edge solutions that meet the dynamic needs of our customers.
- "The early adoption and feedback through our beta release are vital in shaping a solution that truly meets societal needs.
- Vicon's AI gun detection technology aims to contribute significantly to efforts to reduce gun violence and its devastating impact on communities across the nation.
- The Company sees the market opportunity for this feature to be vast, ranging from schools, hospitals, government buildings, retail, to religious institutions.
Retrieved on:
Wednesday, February 28, 2024
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Corporation To the Shareholders of Cemtrex, Inc.,
Key Points:
- To the Shareholders of Cemtrex, Inc.,
I wanted to provide you with a detailed update on Cemtrex’s activities over the last several months.
- We cannot change the missteps we have taken, but we have certainly learned from them and learned how to avoid them in the future.
- Private companies have certain luxuries that public companies do not have when it comes to building startups, particularly in rising interest rate environments.
- Out of that purchase price, Cemtrex contributed $1,000,000 of equity, which was paid in the form of Cemtrex stock.
Retrieved on:
Monday, February 12, 2024
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Video game Brooklyn, NY, Feb. 12, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its unaudited financial and operational results for the first quarter ended December 31, 2023.
Key Points:
- Brooklyn, NY, Feb. 12, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, has reported its unaudited financial and operational results for the first quarter ended December 31, 2023.
- Cemtrex Chairman and CEO, Saagar Govil, commented on the results: “The first quarter continued our momentum with ongoing growth in our Security and Industrial segments.
- Operating loss for the first quarter of 2024 was $0.7 million as compared to an operating loss of $2.0 million for the first quarter of 2022.
- Cemtrex Chief Executive Officer Saagar Govil and Chief Financial Officer Paul Wyckoff will host the conference call, followed by a question-and-answer period.
Brooklyn, NY, Feb. 09, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will hold a conference call on Monday, February 12, 2024 at 5:00 p.m. Eastern time to discuss its results for the first quarter ended December 31, 2023.
Key Points:
- Brooklyn, NY, Feb. 09, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will hold a conference call on Monday, February 12, 2024 at 5:00 p.m. Eastern time to discuss its results for the first quarter ended December 31, 2023.
- A press release detailing these results will be issued prior to the call.
- Cemtrex Chief Executive Officer Saagar Govil and Chief Financial Officer Paul Wyckoff will host the conference call, followed by a question-and-answer period.
- To access the call, please use the following information:
Retrieved on:
Thursday, February 1, 2024
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Closed-circuit television Brooklyn, NY, Feb. 01, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received a $0.8 million second phase order through Vicon Industries from a current school district customer in New Jersey to develop its security technology system with new solutions, expanding on the customer’s previous order.
Key Points:
- Brooklyn, NY, Feb. 01, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received a $0.8 million second phase order through Vicon Industries from a current school district customer in New Jersey to develop its security technology system with new solutions, expanding on the customer’s previous order.
- The New Jersey School District project builds on the customer’s state-of-the-art video surveillance security capabilities with the addition of Valerus video management software solutions and award-winning Roughneck cameras and servers.
- The project is the second installment of this work, and the order is expected to be fulfilled in the first and second quarters of calendar 2024.
- “Taken together, this demand delivered a 46% increase in revenues for Vicon and our Security segment in FY’23 to $34.7 million.
