This new platform is designed specifically with schools in mind to deliver a safer and smarter campus. Anavio allows for managing door access in more advanced ways such as dual authentication and face-based authentication with anti-spoofing technology. Additionally, you can respond to events in real time by sharing live footage and receiving mobile alerts. With full campus awareness in a single platform, users have everything needed to protect their campus at their fingertips.
The enterprise security market is only now starting to shift away from on-premises security solutions towards cloud-based platforms. The launch of Anavio coincides with this transition in the market to take advantage of new capabilities that cloud solutions offer, including being easier to deploy, scale, and maintain. Additionally, this marks a shift in Vicon’s business strategy as Anavio will be sold as a software-as-a-service platform and presents an opportunity for the Company to build a recurring revenue stream.
Vicon intends to initially focus the Anavio platform in the education market in
Cemtrex’s Chairman and CEO, Saagar Govil, commented, “We are delighted to make this announcement today, as it marks a new chapter in Vicon’s illustrious history. This new cloud platform allows us to create more value in our business by evolving Vicon into a recurring revenue business model. Additionally with AI at the core of our roadmap in Anavio, we’re excited to layer in new capabilities and benefits for our customers to deliver the most cutting-edge security solutions over the months and years to come.”
“More than 90% of schools have some kind of access control or CCTV solution and yet they are still plagued by violence, theft, and vandalism. As a cloud platform, with AI technology at its core, Anavio is the ideal next generation solution to solve the security challenges of today’s schools. With novel features like instantly sharing live video with law enforcement and AI enabled face-based authentication, Anavio provides better tools to schools keep our kids safe,”
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Forward-Looking Statements
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 the offering, gross proceeds from the offering, our new product offerings, expected use of proceeds, or any proposed fundraising activities. 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 set forth in 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 as of any subsequent date. These risks and uncertainties are discussed under the heading “Risk Factors” contained in our Form 10-K filed with the
Investor RelationsChris Tyson Executive Vice President –MZ North America Direct: 949-491-8235 CETX@mzgroup.us www.mzgroup.us
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