Articles from Cemtrex Inc.

Brooklyn, NY, Jan. 06, 2025 (GLOBE NEWSWIRE) -- – Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with the minimum stockholders’ equity requirement under Nasdaq Listing Rule 5550(b)(1). The Company’s security will continue to be listed and traded on The Nasdaq Stock Market.

Q4’24 Revenue Increased 9% to $18.1M, Fiscal Year 2024 Revenue Increased 13% to $66.9M

Largest Single Order in Vicon 57-year History Highlights Technology Strength and Growth Strategy

Brooklyn, NY, Dec. 13, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that it has received a notification letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with the minimum bid price requirement under Nadaq Listing Rule, 5550(a)(2). The Company’s security will continue to be listed and traded on The Nasdaq Stock Market.

Hauppauge, NY, Dec. 12, 2024 (GLOBE NEWSWIRE) -- – Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that its subsidiary, Vicon Industries, Inc., secured a partnership with Hailo, an AI chip manufacturer known for its high-performance edge AI processors. Together, Vicon and Hailo are raising the bar for video intelligence by integrating the groundbreaking Hailo-15 System-on-a-Chip (SoC) into Vicon’s NEXT Modular Camera System.

Project Supports Innovative Biosolids Management Program to Generate Sustainable Fertilizer

Disruptive AI Analytic for Detecting Armed Persons in Surveillance Footage to be Included in Vicon NEXT Cameras, Primed for Release in First Calendar Quarter of 2025

Brooklyn, NY, Dec. 04, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that it intends to acquire One Hundred percent (100%) ownership of the entity Vicon Industries, Inc. (VCON), a New York based leading provider of mission critical security and video surveillance systems. This plan, which is expected to close by year-end, will solidify Cemtrex's position as Vicon’s sole owner, increasing its current stake from approximately 93% to 100%.

Brooklyn, NY, Nov. 21, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that its Board of Directors authorized the stockholders approved 1-for-35 reverse stock split (the “Reverse Stock Split”) of its common stock, par value $0.001 per share (the “Common Stock”).

Next Generation Modular Camera Platform That Delivers: Rapid Installation, AI Processing Capabilities, Advanced Onboard Technologies and Integrations

Pennsylvania Department of Military and Veterans Affairs Project to be Completed in 2025

Two Phase Project be Completed in the Company’s Fiscal Year 2025

Q3’24 Industrial Services Segment Revenue Increased 49% to $8.5M; Management to Host Conference Call Today at 5:00 p.m. ET

Hauppauge, NY, Aug. 09, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will hold a conference call on Wednesday, August 14, 2024 at 5:00 p.m. Eastern time to discuss its results for the fiscal third quarter ended June 30, 2024. A press release detailing these results will be issued prior to the call.

Q2’24 Revenue Increased 7% to $17.2M; Management to Host Conference Call Today at 5:00 p.m. ET

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.

Hauppauge, NY, May 03, 2024 (GLOBE NEWSWIRE) --  – Cemtrex, Inc. (Nasdaq: CETX) (the “Company”), an advanced security technology and industrial services company, today announced the closing of a firm commitment underwritten public offering with gross proceeds to the Company of approximately $10 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $9 million. The base offering consisted of 11,764,705 Common Units or Pre-Funded Units, each consisting of one share of common stock (“Common Share”) or one Pre-Funded Warrant, one Series A Warrant to purchase one Common Share at an exercise price of $0.85 per share or pursuant to an alternative cashless exercise option, which warrant will expire two-and-a-half years from the closing date of this offering (the “Series A Warrant”) and one Series B Warrant to purchase one Common Share at an exercise price of $0.85 per share, which warrant will expire on the five-year anniversary of the closing date of this offering (the “Series B Warrants” and together with the Series A Warrants, the “Warrants”). 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.

Hauppauge, NY, May 01, 2024 (GLOBE NEWSWIRE) --  – Cemtrex, Inc. (Nasdaq: CETX) (the “Company”), an advanced security technology and industrial services company, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $10 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The offering was upsized from $9 million. The base offering consists of 11,764,705 Common Units or Pre-Funded Units, each consisting of one share of common stock (“Common Share”) or one Pre-Funded Warrant, one Series A Warrant to purchase one Common Share at an exercise price of $0.85 per share or pursuant to an alternative cashless exercise option, which warrant will expire two-and-a-half years from the closing date of this offering (the “Series A Warrant”) and one Series B Warrant to purchase one Common Share at an exercise price of $0.85 per share, which warrant will expire on the five-year anniversary of the closing date of this offering (the “Series B Warrants” and together with the Series A Warrants, the “Warrants”). The purchase price of each Common Unit is $0.85, and the purchase price of each Pre-Funded Unit is $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.

Vicon to Showcase New Unified Cloud Solution Anavio with Groundbreaking Face Authentication and Person of Interest Tracking

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. These orders, including a $1.6 million order for two relocation projects from a leading printing and graphics company, and a $0.5 million order to remove existing equipment for an engineering and construction company, affirm AIS’ commitment to delivering excellence across its service offerings.

Disruptive Artificial Intelligence (AI) Gun Detection Feature to Launch in the Second Calendar Quarter of 2024, Marking a Significant Milestone Achievement for Detecting Armed Persons in Surveillance Footage

Completed Restructuring in 2023 Now Positions AIS and Vicon Segments for Continued Revenue Growth and Expanded Operating Profitability

Q1’24 Revenue Increased 41% to $16.9M; Management to Host Conference Call Today at 5:00 p.m. ET

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.

New Jersey School District Order Adds New Suite of AI-based Analytics From Roughneck AI Camera Series & Valerus Video Management Software Solutions

Northeastern School District $2.2 Million Order for Geothermal System Update, $1.6 Million Order for Key Component for Motion Control Technologies Company

The Board of Directors recommends that you vote on the proxy card:“FOR” amending the Company’s Certificate of Designations, Preferences and Rights of Series 1 Preferred Stock to (i) effect a reverse stock split of all of the Company’s outstanding shares of Series 1 Preferred Stock, par value $0.001 per share (the “Series 1 Preferred Stock”), by a ratio of 1 for 2 and (ii) increase the liquidation value and voting rights of the Series 1 Preferred Stock by the same ratio;And “FOR” approving an adjournment of the Special Meeting, if necessary and appropriate, as determined by the Board in its sole discretion, to solicit additional proxies if there are insufficient votes at the time of the Special Meeting to approve Proposal 1 or to constitute a quorum.  

Q4’23 Revenue Increased 46% to $16.9M with 3rd Consecutive Quarter of Positive Operating Income of $0.2M

Brooklyn, NY, Dec. 07, 2023 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will hold a conference call on Thursday, December 21, 2023 at 5:00 p.m. Eastern time to discuss its results for the fourth quarter and full fiscal year ended September 30, 2023. A press release detailing these results will be issued prior to the call.

Brooklyn, NY , Oct. 10, 2023 (GLOBE NEWSWIRE) --  – Cemtrex Inc. (Nasdaq: CETX, CETXP), an advanced security technology and industrial services company, today announced that its Vicon Industries subsidiary has launched a new cloud security platform, called Anavio (www.anavio.ai), that integrates video, access, and intercom in one easy-to-use system, powered by AI and face-based authentication.

First Contract Under Recently Acquired Heisey Mechanical Ltd.

Brooklyn, NY, Sept. 20, 2023 (GLOBE NEWSWIRE) --  – Cemtrex Inc. (Nasdaq: CETX, CETXP), an advanced security technology and industrial services company, today announced it will participate at the LD Micro Main Event XVI Conference taking place October 3-4, 2023.

Corrections Market Segment Driving Increased Demand at Company

Brooklyn, NY, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Cemtrex Announces Share Repurchase Program for Series 1 Preferred

Q3’23 Revenue Increased 22% to $14.7M with 2nd Consecutive Quarter of Positive Operating Income of $0.1M

Brooklyn, NY, July 26, 2023 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will hold a conference call on Thursday, August 10, 2023 at 5:00 p.m. Eastern time to discuss its results for the third quarter ended June 30, 2023. A press release detailing these results will be issued prior to the call.

Highly Synergistic Acquisition Adds Approximately $11 Million in Revenue, Positive Cash Flow and Expands Capabilities and Customers into New Markets; Transaction Accretive in Fourth Quarter of Fiscal Year 2023

Highly Synergistic Acquisition Adds Approximately $11 Million in Revenue, Positive Cash Flow and Expands Capabilities and Customers into New Markets. Transaction Expected to Close in June 2023 and Be Accretive in Fourth Quarter of Fiscal Year 2023

Hauppauge, NY, May 23, 2023 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will present at the in-person LD Micro Invitational XIII Conference being held at the Luxe Sunset Boulevard Hotel in Los Angeles, CA June 6 - 8, 2023.

Q2’23 Revenue Increased 37% to $16.1M with Positive Operating Income of $0.4M

Hauppauge, NY, May 04, 2023 (GLOBE NEWSWIRE) --  Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has received a $1.1 million order through Vicon Industries from a current large border protection customer in Texas to develop its security technology system with new solutions, expanding on the customer’s $1.5 million order in January 2023.

Brooklyn, NY, April 27, 2023 (GLOBE NEWSWIRE) --  Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will hold a conference call on Thursday, May 11, 2023 at 5:00 p.m. Eastern time to discuss its results for the second quarter ended March 31, 2023. A press release detailing these results will be issued prior to the call.

$0.8 Million in Vicon Surveillance Equipment with Latest Smart Technologies to Better Protect Prisoners, Staff and Public

Novel Edge-based Analytics Provide More Efficient Searches and Real Time, Meaningful Alarms

Q1’23 Revenue Increased 27% to $12.0M, Security Segment Revenues Increased 61% to 7.0M in Q1’23

Brooklyn, NY, Feb. 09, 2023 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, announced today that it has received notice from the Nasdaq Stock Market LLC (Nasdaq) on February 8, 2023 informing the Company that it’s common stock has regained full compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.

Brooklyn, NY, Feb. 07, 2023 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, will hold a conference call on Tuesday, February 14, 2023 at 5:00 p.m. Eastern time to discuss its results for the first quarter ended December 31, 2022. A press release detailing these results will be issued prior to the call.

Brooklyn, NY , Jan. 23, 2023 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that the planned split of its outstanding common stock that was to be effective on January 23, 2023 has been postponed until January 25th 2023.

Brooklyn, NY, Jan. 20, 2023 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that effective at 12:01 a.m., EDT, on January 23, 2023, the Company will effect a thirty five-for-one (35 to 1) reverse stock split of its outstanding common stock.

Existing Border Protection Customer in Texas to Install New Surveillance Equipment

Fiscal Full Year 2022 Revenue Increased 17% to a $50.3M

20 Year Operations Veteran to Lead Operational Growth, Oversee Sales and Engineering, and Spearhead Efficiency Initiatives

Transformative Business Restructuring to Result in Cost Savings of $2.5-$3 Million Per Year

Brooklyn, NY, Oct. 05, 2022 (GLOBE NEWSWIRE) --  - Cemtrex Inc. (NASDAQ: CETX, CETXP), a technology company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, will present at the Dawson James Small Cap Growth Conference being held at the Wyndham Grand Hotel in Jupiter, FL on October 12, 2022.