Vicon Industries, Inc. (OTCQB: VCON) has announced that the company is implementing a restructuring plan to improve the overall operating efficiency and performance of its business, the company said.
These efforts are aimed to position the company for long term growth and profitability.
The company is taking several steps including reducing overhead expenses, consolidating operations, and restructuring personnel to put the company on a path toward profitability over the next several quarters. The company plans to provide specific details about these changes in its next quarterly report.
Vicon is a global producer of video management systems and system components for use in security, surveillance, safety and communication applications by a broad range of end users. Vicon´s product line consists of various elements of a video system, including video management software, recorders and storage devices and capture devices (cameras). Headquartered in Hauppauge, New York, the company also has offices in Yavne, Israel and the United Kingdom. More information about Vicon, its products and services is available at www.vicon-security.com.