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0.0320512820512821 0.0320512820512821 0.0320512820512821 0.0320512820512821 0.0320512820512821 0.0349358974358974 -0.00320512820512814 0.00288461538461535
Stock impact report

Cemtrex Acquires Stake in Security & Video Surveillance Company, Vicon Industries

Cemtrex Inc. (CETX) 
Last cemtrex inc. earnings: 8/19 05:03 pm Check Earnings Report
US:NASDAQ Investor Relations: cemtrex.com/investor-relations
Company Research Source: GlobeNewswire
Farmingdale, NY, March 26, 2018 (GLOBE NEWSWIRE) -- Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading technology and manufacturing company, today announced that it has entered into an agreement to acquire ownership of approximately 46% of the outstanding common stock of Vicon Industries, Inc. (NYSE: VII), a New York based leading provider of mission critical security and video surveillance systems. Cemtrex’s CEO and Chairman, Saagar Govil, commented, “This transaction represents a strategic investment for the Company as we continue to expand our operations into long term growth markets. Vicon is a strong brand in the security & surveillance market, with a great new product, Valerus, in an expanding market that is ripe for continued innovation. We are looking forward to leading Vicon to long term success.” Since 1967, Vicon has been a leading manufacturer of mission-critical security surveillance systems. Vicon is focused on providing solutions that are engineered not jus Show less Read more
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