Vicon Industries announced that it is working closely with the State of Sinaloa, Mexico to create a statewide surveillance network that unifies the systems of all of its metropolitan areas, including the cities of Culiacan, Mazatlan, Los Mochis and others. The new statewide initiative, built upon Valerus VMS software, will allow for greater coordination between all municipalities and their law enforcement agencies in their efforts to combat the influence of powerful drug cartels entrenched within the region.
Vicon Industries, Inc. (VII: NYSE-MKT), trusted designer and producer of video security systems and high-performance IP-cameras, announced that its new Valerus video management solution now includes integrated connectivity with VAX, Vicon’s highly regarded Access Control solution. The integration, which enables the display of live and recorded Valerus video from inside the VAX interface, is simple to program and free with the purchase of either system, regardless of the number of cameras or card readers in use. Current Valerus and VAX customers can benefit from this connected solution immediately by updating to the latest version of Valerus software, which is available for download, without additional licensing, from Vicon’s website.
Revenues for the first quarter of fiscal 2017 decreased 39% to $6.6 million as compared to $10.9 million in the first quarter of fiscal 2016. The $4.3 million decrease in the current quarter included a $3.0 million, or 35%, decrease in sales in the Americas market and a $1.3 million, or 56%, decrease in EMEA market sales. Revenues weakened across all market segments due principally to a continuing reliance on legacy product offerings and the continuing market effects of previously reported camera line issues. Order intake for the current quarter decreased $5.9 million to $5.8 million as compared to $11.7 million in the first quarter of fiscal 2016.