Brooklyn, New York, Aug. 09, 2022 (GLOBE NEWSWIRE) — – Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW), a technology company at the forefront of innovation in the fields of Internet of Things (IoT), security, machine vision and artificial intelligence , and augmented and virtual reality, today announced that its subsidiary, Vicon Industries, has appointed Haim Shain as senior vice president of product management.
In this new role, Shain will oversee the strategy and implementation of Vicon’s expanding product line, from its award-winning Roughneck® surveillance cameras and VAX access control system to its video management platform. centralized, Valerus™ VMS. Under his leadership, Vicon’s product teams will continue to drive innovation, including cloud-based video management and AI-powered video analytics solutions.
A dynamic and accomplished leader in the surveillance industry, Shain has 17 years of experience leading product management at leading companies including LenelS2, FLIR Systems and DVTEL. During his tenure at these companies, he oversaw the development of IoT platforms, next-generation surveillance cameras, and innovative access control solutions.
“My mission is to help scale the business and continue to maintain and grow Vicon’s leadership position for the decade to come,” Shain said. “My plan is to create a focused strategy that will allow us to holistically leverage our key differentiators and chart the course for breakthrough innovation,” Shain continued. “Fostering a new way of thinking will help facilitate a faster response to customer needs and market conditions.”
The surveillance industry continues to evolve rapidly. According to Allied Market Research, the global video surveillance as a service (VSaaS) and video surveillance market is expected to reach over $83 billion by 2030 with a CAGR of 10.9% between 2021 and 2030.
“Haim’s strategic leadership and experience will help Vicon accelerate the implementation of VSaaS and AI-powered video analytics for our global customer base,” said Saagar Govil, CEO and President of Cemtrex. “The addition of Haim reflects our priority to take Vicon further into these rapidly growing markets through a combination of experience and innovation. With Haim leading our product management, we are working to position Vicon as a leader in these emerging markets for years to come.
To learn more about Vicon or the availability of its technologies, contact the company by emailing [email protected]
About Vicon Industries
Vicon is proud to be a Cemtrex company, a leading technology partner to the world’s most influential brands dedicated to empowering them with innovative technology that drives their business and products. Since 1967, Vicon has been a leading provider of critical safety monitoring systems. The innovative company provides security solutions to some of the largest municipalities and enterprises in the United States and around the world and offers a wide range of industry-leading and compliant security technologies, ranging from AI-based video analytics fully integrated access control solutions.
Cemtrex, Inc. (CETX) is a leading multi-industry technology company driving innovation in markets such as the Internet of Things (IoT), Augmented and Virtual Reality (AR and VR), Artificial Intelligence and computer vision (AI and CV) in a wide range of industries, including consumer products, industrial manufacturing, digital applications, and intelligent security and surveillance systems. www.cemtrex.com.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the closing of an offering, gross proceeds of an offering, our new product offerings , the intended use of the proceeds or any proposed fundraising activity. These forward-looking statements are based on management’s current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Statements made herein are as of the date of this press release and should not be relied upon at any later date. These risks and uncertainties are discussed under the heading “Risk Factors” contained in our Form 10-K filed with the Securities and Exchange Commission. All information in this press release is as of the date of publication and we undertake no obligation to update this information except as required by law.