Cemtrex Inc

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NASDAQ
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CETX
company headquarters
USA
ISSUES

A US-based producer of surveillance tools that provides video management systems for monitoring prisons, jails, and the US-Mexico border.

Cemtrex Inc, headquartered in York, PA, is an engineering and manufacturing company that specializes in virtual and augmented reality as well as artificial intelligence. In 2020, Cemtrex had 295 employees and generated $44 million in revenue.

Cemtrex’ subsidiary, Vicon Industries, makes video management software, access control systems, cameras, sensors, and other hardware used for surveillance in large facilities such as prisons and hospitals. In 2018, Cemtrex acquired 46% of Vicon Industries. In 2019, Vicon became a majority-owned subsidiary when Cemtrex increased its ownership to 72%.

U.S. Customs and Border Protection (CBP) uses Vicon products for surveillance of the U.S.-Mexico border and other ports of entry. From 2008 to 2019, CBP spent more than $200,000 on Vicon video recorders and cameras; some of this equipment was used by border patrol agents in California and other units were installed at other ports of entry. Immigration and Customs Enforcement (ICE) has bought Vicon equipment and training on three occasions between 2008 and 2018, including three Digital Video Recorder “machines for surveillance.”

In addition, Vicon also provides video surveillance systems in federal, state, and local prison and jail facilities. From 2007 to 2018, the Federal Bureau of Prisons purchased more than $4.2 million worth of security system equipment from Vicon. Vicon’s systems have also been used by the Departments of Corrections of South Carolina, Texas, Tennessee, and Oregon, county prisons and jails in New York, Washington, Arizona, Virginia, Georgia, Illinois, Maryland, and Pennsylvania, as well as China, France, Croatia, Mexico, Canada, and Puerto Rico, as of 2018. 

Valerus is Vicon’s most advanced video management software. The software works with cameras specially designed for use in prisons and jails and can be paired with Vax Access Control, a Vicon system that monitors and manages access to doors and protected spaces throughout a facility. The cameras are equipped with speakers and microphones and can be used either for surveillance purposes or to facilitate video hearings between incarcerated people and judges. Some of Vicon’s surveillance cameras are also equipped with infrared sensors from Teledyne subsidiary FLIR Systems.

Unless specified otherwise, the information in this page is valid as of
4 February 2022