$500,000 Order Represents First of its Kind to Assist in the Detection & Mitigation of COVID-19 Risk
Brooklyn, NY – September 10, 2020 — Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW), a technology company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, today announced that its subsidiary Vicon has been awarded a $500,000 contract from a major Pacific Northwest school district for its V1110 series Thermal Body Temperature Measurement Camera.
Vicon is a designer and manufacturer of video surveillance software, access control software and hardware and cameras. Vicon’s Thermal Body Temperature Measurement Camera is designed to detect elevated skin temperature to accurately screen access points in buildings and public areas. The thermal camera provides contactless body temperature detection for individuals or multiple people with an accuracy of ±0.54° F.
The dual-spectrum cameras will be installed in several of the districts’ schools to alert operators to critical events, such as a high temperature detection or individuals without a mask, and provide a snapshot so operators can quickly and easily identify the individual for further screening and verification. The details of the customer were not provided due to confidentiality agreements in place. The Company expects to fulfill this order in the current quarter.
“As businesses, schools and offices begin to reopen after the COVID-19 crisis, it’s critical to safeguard employees, students and businesses,” said Saagar Govil, Chairman and CEO of Cemtrex. “We are privileged to be partnering with a technology-forward school district and awarded this first of its kind contract for our thermal cameras in the fight against the coronavirus pandemic. The cameras will help the schools identify at-risk individuals before they interact with students, teachers and staff. We believe this use of our technology will be a crucial factor in the ongoing detection and mitigation efforts for the coronavirus and future epidemics, and be a strong growth driver to our core business.”
Vicon’s Thermal Body Temperature Measurement Camera is designed for a wide range of applications including offices and multi-tenant buildings, schools and universities, hospitals and extended care facilities, airports and transportation depots, correctional facilities and retail establishments. To learn more about the Thermal Sensor model series cameras visit www.vicon-security.com/lp/thermal-body-cam or view a video demonstration of the camera on YouTube.
About Vicon Industries, Inc.
Vicon…Simple Solutions for a Complex World
Since 1967, Vicon has been a leading provider of mission-critical security surveillance systems. Today we are focused on providing solutions that have been engineered not just for performance and features, but for simplicity in deployment, operation and maintenance. Our goal is to serve as a valued security technology partner to our customers by reducing security solution complexity, ensuring a superior experience and future proofing our solutions. Vicon and its leading-edge systems are trusted by a customer base that spans the globe, representing every type of industry.
Cemtrex, Inc. (CETX) is a leading multi-industry technology company that is driving innovation in markets such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV) in a wide range of sectors, including consumer products, industrial manufacturing, digital applications, and intelligent security & surveillance systems.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the closing of the offering, gross proceeds from the offering, our new product offerings, expected use of proceeds, or any proposed fundraising activities. These forward-looking statements are based on management’s current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward looking statements. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. These risks and uncertainties are discussed under the heading “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission. All information in this press release is as of the date of the release and we undertake no duty to update this information unless required by law.