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Cemtrex Inc. (NASDAQ:CETX), a diversified industrial and technology company, today announced it has signed non-binding letters of intent to acquire two profitable U.S.-based businesses — one in industrial robotics
08-25 21:13
Cemtrex Inc. has signed non-binding letters of intent to acquire two U.S. businesses in industrial robotics and aerospace/defense, expected to add $15–18M annual revenue and $2.5–3M operating profit. These acquisitions align with Cemtrex’s strategy to expand into high-growth markets and position the company to reach $100M in total annual revenue. The deals are in due diligence and expected to close by Q4 2025.
08-25 13:10
Cemtrex (NASDAQ:CETX) reported quarterly losses of $(0.18) per share. This is a 99.97 percent increase over losses of $(609.00) per share from the same period last year. The company reported $16.96 million in sales this
08-15 04:26
Cemtrex Inc. recently announced $1.3 million in new contracts across its Vicon Industries and Advanced Industrial Services businesses. AIS secured a $466,000 project to modernize a school's HVAC system in Pennsylvania, while Vicon received two orders totaling $871,000 for border security and prison facility upgrades. CEO Saagar Govil expressed optimism for achieving 15–20% growth in FY26.
08-13 12:00
Cemtrex Inc. shareholders update highlights company progress across Vicon intelligent security division, strong fiscal year 2025 revenue projections, launch of advanced NEXT camera platform, and expansion in global markets. AIS industrial services continue to grow, with plans to acquire a robotics integrator to enhance automation capabilities. The company invested $1 million in blockchain infrastructure via Solana, positioning for future growth i...
08-01 12:00
Cemtrex Inc. has acquired approximately $1 million worth of Solana (SOL) as part of a new digital asset treasury strategy, aiming to expand its crypto reserves to $10 million. The company purchased 5,500 SOL tokens at an average cost of $181 each and plans to stake its position for on-chain yield, eventually operating its own validator node. Cemtrex believes Solana, which processed over 1,000 transactions per second and handled more than 90 billi...
07-31 20:05
Vicon Industries, a subsidiary of Cemtrex Inc., is developing a blockchain-based framework to secure video surveillance metadata, addressing concerns about AI-generated deepfakes and evidence tampering. The platform, integrating Solana blockchain, anchors immutable data like timestamps and integrity logs, ensuring video authenticity. Use cases include law enforcement, school safety, transit surveillance, and critical infrastructure protection, ai...
07-29 13:00
Vicon Industries, a subsidiary of Cemtrex Inc., has secured a $500,000+ order for its NEXT Modular Sensor System from a Kentucky school district, marking a significant milestone for the platform. The win highlights NEXT's advantages in fast installation, flexible deployment, and cost-effectiveness. The deployment includes over 550 cameras with cloud-connected storage via Vicon's Anavio platform. Cemtrex expects NEXT to drive further growth in key...
07-10 13:05
Vicon Industries, a subsidiary of Cemtrex Inc. (NASDAQ:CETX, CETXP))) and a leading provider of advanced security and surveillance solutions, today announced that it has secured a follow-on order exceeding $1.2 million
07-08 21:07
Vicon Industries, a subsidiary of Cemtrex Inc., secured a $1.2 million follow-on order to support a Midwestern county government security upgrade project. The order includes Vicon’s high-performance cameras, recording servers, and Valerus video management software licenses, enhancing security across multiple county facilities. This reflects continued customer confidence in Vicon’s reliability and performance. The order is expected to contribute t...
07-08 13:05