Cemtrex Announces Beta Release Of Pioneering AI Gun Detection Feature
Portfolio Pulse from Benzinga Newsdesk
Cemtrex Inc. (NASDAQ:CETX) announced its subsidiary, Vicon, will begin the beta release of an AI gun detection feature in Q2 2024, aiming for full commercialization in the second half of 2024. This edge-based solution is designed to enhance public safety by detecting armed individuals in surveillance footage, offering a cost-effective alternative to server-based systems. The technology, developed in collaboration with partners, aims to provide real-time alerts and rapid response to potential threats, addressing the urgent need for innovative solutions to gun violence in the U.S.
March 06, 2024 | 1:48 pm
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Cemtrex Inc. announced the beta release of Vicon's AI gun detection technology, aiming for a significant impact on public safety and security markets. This innovative, edge-based solution could position Cemtrex as a leader in security technology, potentially boosting investor confidence and stock performance.
The announcement of Vicon's AI gun detection technology represents a significant advancement in security and public safety solutions, potentially opening new markets and revenue streams for Cemtrex. Given the urgent need for innovative solutions to gun violence, as highlighted by recent statistics, this technology could see rapid adoption, positively impacting Cemtrex's stock in the short term. The focus on a cost-effective, edge-based solution over more expensive server-based systems could further enhance Cemtrex's competitive position in the market.
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