Cemtrex Receives $1.5M Upgrade Order For Vicon Valerus System From Correctional Facility In Maryland
Portfolio Pulse from Happy Mohamed
Cemtrex Inc. (NASDAQ:CETX) has received a $1.5 million order to upgrade the security technology system of a large correctional facility in Maryland. The upgrade includes Vicon's Valerus video surveillance security system and Roughneck AI cameras. The order is expected to be fulfilled in the third quarter of the calendar year.
August 29, 2023 | 12:31 pm
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Cemtrex's receipt of a $1.5 million order for a security system upgrade could potentially boost its revenues in the short term.
The $1.5 million order received by Cemtrex for a security system upgrade is a significant business win for the company. This could potentially increase its revenues in the short term, especially if the order is fulfilled as expected in the third quarter of the calendar year. This news is highly relevant to Cemtrex as it directly pertains to its business operations and potential revenue growth.
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