Vicon Industries, Inc., incorporated in 1967, develops video management software
and also designs and markets a wide range of video system components, comprised
principally of cameras, network video servers/recorders, encoders and mass storage
units, used in security, surveillance, safety and control applications by a
broad group of end users. A video system is typically a private (or hybrid public/private)
network that can transmit and receive video, audio and data signals in accordance
with the operational needs of the user. The Companys primary business focus
is the design of network video systems that it produces and sells worldwide,
primarily to authorized dealers, system integrators, government entities and
security products distributors.
The Company operates within the electronic protection segment of the security
industry. The U.S. security industry consists of thousands of individuals and
businesses (exclusive of public sector law enforcement) that provide products
and services for the protection and monitoring of people, property and information.
The security industry includes fire and detection systems, access control, video
surveillance, asset protection, guard services and equipment, locks, safes,
armored vehicles, perimeter protection, private investigations, biometric systems,
software and network security, among others. The Company’s products are
typically used for crime deterrence, visual documentation, observation of inaccessible
or hazardous areas, enhancing safety, mitigating liability, obtaining cost savings
(such as lower insurance premiums), accumulating command and control data, managing
control systems and improving the efficiency and effectiveness of personnel.
The Company’s products are used in, among others, office buildings, manufacturing
plants, apartment complexes, retail stores, government facilities, airports,
highways, transportation operations, prisons, casinos, hotels, sports arenas,
health care facilities and financial institutions.
Products
The Company’s product line consists of various elements of a video system,
including cameras for image capture, stand-alone network video management system
(VMS) software and various video recording, storage, management and output devices
and peripherals. The Company’s VMS software is sold either separately
or configured in a Network Video Recording (“NVR”) or Digital Video
Recording (“DVR”) device. Video capture offerings include a range
of analog, digital and high definition (HD) megapixel cameras for both fixed
and robotic positioning applications, along with associated housing options
to perform in a broad range of climatic and operating environments. The Company
also sells and/or produces other video system components such as video encoders
decoders and monitors, camera lenses, housings and mounts, matrix video switchers
and controls and various video transmission devices.
The Company’s products range from a simple camera mounting bracket to
a large IP based video camera control, transmission, recording, storage and
virtual matrix switching system. The Company’s sales are concentrated
principally among its network video products and cameras