Cemtrex (CETX) Closes in on Key Acquisition

Company Overview - Cemtrex, Inc. (NASDAQ:CETX) operates in the SaaS industry, primarily through its security business, Vicon, which provides video management software [2] - The company is nearing the completion of an acquisition of a Texas aerospace and defense engineering company, while also terminating an acquisition of a robotics integration firm [2] - Cemtrex has signed a Letter of Intent (LOI) to acquire an industrial services business in Tennessee [2] Product Development - Cemtrex has begun shipping units of its NEXT product line, which consists of AI-powered modular cameras designed to reduce installation times and provide edge analytics capabilities [3] - The company is committed to Vicon's long-term transformation through software and AI-enabled offerings [3] Financial Activities - On December 11th, Cemtrex issued just under 4.8 million shares to meet certain debt requirements and raise capital [3] - The acquisition of Texas-based Invocon is expected to enhance Cemtrex's presence in the aerospace and defense industry [3]