Cemtrex's subsidiary Vicon partners with Hailo to enhance security cameras with advanced AI technology for proactive threat detection.
Quiver AI Summary
Cemtrex Inc. announced that its subsidiary, Vicon Industries, has partnered with AI chip manufacturer Hailo to integrate the Hailo-15 System-on-a-Chip into Vicon's NEXT Modular Camera System, enhancing video intelligence capabilities. This collaboration will provide advanced surveillance features, including AI-driven video enhancement, real-time analytics for threat detection, and smart object classification, all processed at the edge to ensure data privacy and reduce latency. Vicon aims to redefine security technology by enabling proactive deterrence and communication through features like onboard microphones, speakers, and programmable lightbars. The NEXT camera will be showcased at CES in January 2025, with orders currently being taken for shipment in Q1 2025.
Potential Positives
- Vicon Industries formed a significant partnership with Hailo, a leading AI chip manufacturer, to enhance their NEXT Modular Camera System with advanced AI technology.
- The integration of the Hailo-15 System-on-a-Chip provides increased edge-based AI processing capabilities, improving image quality and enabling advanced analytics directly on the camera.
- The NEXT camera is positioned as a proactive security solution, capable of real-time threat detection and enhanced communication features, which sets it apart from traditional systems.
- Vicon is one of the first companies to bring the Hailo-15 to market, showcasing their commitment to innovation in the security technology industry.
Potential Negatives
- Vicon Industries’ partnership with Hailo, while positioning them as a tech leader, may raise concerns about reliance on third-party technology for core offerings, potentially exposing the company to risks associated with Hailo's performance and market stability.
- The integration of advanced AI technology may lead to challenges in customer adaptation and training, which could affect the immediate market acceptance and operational efficiency of the new NEXT camera system.
- The press release does not address potential regulatory or privacy concerns regarding AI surveillance technology, which could pose risks to company reputation and customer trust.
FAQ
What is the partnership between Vicon and Hailo about?
The partnership integrates Hailo's AI technology into Vicon's NEXT Modular Camera System, enhancing video intelligence and security solutions.
What features does the Vicon NEXT camera offer?
The NEXT camera includes AI vision, smart object classification, real-time analytics, and advanced audio capabilities to deter potential threats.
When will the Vicon NEXT camera start shipping?
The Vicon NEXT solution is expected to start shipping in Q1 2025.
What sets the Hailo-15 SoC apart from traditional cameras?
The Hailo-15 offers edge-based AI processing with lower latency, reduced bandwidth, and enhanced image quality for advanced video analytics.
Where can customers learn more about the NEXT camera?
More information about the NEXT camera can be found on Vicon's official website at https://vicon-security.com/introducing-next.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
Hauppauge, NY, Dec. 12, 2024 (GLOBE NEWSWIRE) -- – Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced that its subsidiary, Vicon Industries, Inc., secured a partnership with Hailo, an AI chip manufacturer known for its high-performance edge AI processors. Together, Vicon and Hailo are raising the bar for video intelligence by integrating the groundbreaking Hailo-15 System-on-a-Chip (SoC) into Vicon’s NEXT Modular Camera System.
"Our partnership with Hailo reaffirms our commitment to being a pioneer in the security industry," said Saagar Govil, CEO of Vicon Industries. "By embedding Hailo’s powerful AI technology into NEXT, we are empowering customers with a proactive solution that not only detects but also deters potential threats. This is a camera built for the complex challenges of today and tomorrow.”
Vicon is among the first to bring Hailo-15 to market, unlocking edge-based AI processing capabilities far exceeding traditional cameras. The Hailo-15 combines patented AI inferencing with advanced computer vision engines, delivering unparalleled image quality and enabling complex deep learning applications directly on the camera. Overall, this increased AI processing power unlocks significantly lower latency, reduced bandwidth usage, and improved reliability—all without the need for server-based processing.
NEXT brings this intelligence to the forefront with features like:
- AI Vision: Advanced AI video enhancement ensures crisp, color-rich images day and night.
- Color forensics: The ability to pinpoint specific clothing or vehicle colors provides unmatched prevision in tracking suspects or vehicles.
- Smart object classification: Instantly distinguish between people, vehicles, and animals, reducing false alarms and allowing teams to focus on real threats.
- Real-time analytics: Detects potential threats like loitering or intrusions as they happen, enabling security teams to intervene before incidents escalate.
“With the groundbreaking Hailo-15, we’re setting a new standard for edge AI performance,” said Orr Danon, CEO of Hailo. “Its unparalleled compute power enables advanced video analytics—like object detection, behavioral analysis, and forensic searches—while also delivering AI video enhancement, including low-light denoising, improved colors, and improved image quality. By processing everything on the edge, we ensure increased data privacy and safety as there is no longer a need to transmit personally identifiable information to the cloud. We’re excited to partner with Vicon, one of the first manufacturers to embrace this technology, as they lead the way in unlocking the full potential of AI on the edge.”
As a further complement to its AI capabilities, NEXT also features several onboard technologies, including high-powered microphones with a 50-foot range and 360° commercial-grade speakers for real-time audio warnings and communications. Additionally, the dome contains programmable signal lightbars to communicate situational awareness status to indicate threats, warnings or other operational conditions.
“By combining next-generation intelligence with the onboard technology, the camera transforms from a reactive device into a proactive deterrent, helping to prevent potential threats instead of simply documenting and reporting on them,” said Haim Shain, Sr. Vice President of Product Management at Vicon Industrie. “It improves communications and daily operations by projecting audible instructions and warnings, and issuing visual cues to folks in the area. For example, you can pair these communication features with our AI analytics, so if the camera detects an intruder at night, the lightbars can flash red and an automated message can alert the intruder that they’ve been detected. The lightbars can also signal operational states, like blue to indicate a shift change or amber to notify that someone is waiting in the lobby. The opportunities to integrate them into daily operations are limitless.”
"By embedding Hailo's high-performance AI processors into our NEXT cameras, we are equipping our customers with powerful, future-proof solutions that transform how they monitor and protect their environments. The incredible processing power that Hailo provides ensures customers who invest in NEXT today can take advantage of frequent updates and enhancements in the near future. This includes increasingly sophisticated intelligence that was previously limited to cost-prohibitive, server-based analytics platforms,” concluded Govil.
The Vicon NEXT camera will be presented at the Hailo hospitality suite at CES, January 7-10 in Las Vegas. To schedule a demo tour, click here .
Vicon is taking orders now, and the NEXT solution will start shipping in Q1 2025. More information about NEXT is available here https://vicon-security.com/introducing-next and more information about Hailo-15 is available here https://hailo.ai/ .
About Cemtrex
Cemtrex Inc. (CETX) is a company that owns two operating subsidiaries: Vicon Industries Inc and Advanced Industrial Services Inc.
Vicon Industries , a subsidiary of Cemtrex Inc., is a global leader in advanced security and surveillance technology to safeguard businesses, schools, municipalities, hospitals and cities. Since 1967, Vicon delivers mission-critical security surveillance systems, specializing in engineering complete security solutions that simplify deployment, operation and ongoing maintenance. Vicon provides security solutions for some of the largest municipalities and businesses in the U.S. and around the world, offering a wide range of cutting-edge and compliant security technologies, from AI-driven video analytics to fully integrated access control solutions. For more information visit www.vicon-security.com .
AIS – Advanced Industrial Services , a subsidiary of Cemtrex, Inc., is a premier provider of industrial contracting services including millwrighting, rigging, piping, electrical, welding. AIS Installs high precision equipment in a wide variety of industrial markets including automotive, printing & graphics, industrial automation, packaging, and chemicals. AIS owns and operates a modern fleet of custom designed specialty equipment to assure safe and quick installation of your production equipment. Our talented staff participates in recurring instructional training, provided to ensure that the most current industry methods are being utilized to provide an efficient and safe working environment. For more information visit www.ais-york.com .
For more information visit www.cemtrex.com .
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 Securities and Exchange Commission. All information in this press release is as of the date of the release and we undertake no duty to update this information unless required by law.
Investor Relations
Chris Tyson
Executive Vice President – MZ North America
Direct: 949-491-8235
CETX@mzgroup.us
www.mzgroup.us