Vicon Industries Inc. announced with great sorrow the sudden passing of Clifton H.W. Maloney, a Director of the company since May 2004. During his tenure on the Vicon Board of Directors, Mr. Maloney served on the Audit, Compensation and Nominating Committees. Mr. Clifton was an active member of the board whose advice and perspective on Board matters will be sorely missed.

Vicon Industries Inc. reported unaudited earnings results for the third quarter and nine months ended June 30, 2009. Net sales for the third fiscal quarter were $14.8 million, a decrease of 8%, compared with $16.0 million in the third quarter of the prior fiscal year. If foreign currency denominated sales were converted at the same exchange rate as the prior year period, sales for the current quarter would have been $15.5 million. Net income totaled $473,000 or $0.10 per diluted share, compared with net income of $528,000 or $0.11 per diluted share in the prior year quarter. The third quarter sales were $7.8 million, down slightly from $8.0 million in the year ago quarter, while foreign sales totaled $7.0 million, compared with $8.0 million for the similar year ago period. Over $700,000 of the foreign revenue decline was attributable to the negative translation effect on sales denominated in foreign currencies (principally British pounds and Euros) as a result of the recent strength of the U.S. dollar. Overall, Company revenues remained steady from the previous quarter, which was satisfying in the face of a tough business climate. For the quarter, the company reported operating income of $726,000 and income before tax of $753,000 compared with operating income of $783,000 and income before tax of $826,000 for the same period a year ago. For the nine months, net sales were $45.2 million, a decrease of 4%, compared with $47.0 million in the first nine months of the prior fiscal year. If foreign currency denominated sales were converted at the same exchange as the prior year period, sales for the current nine months would have been $47.6 million. Net income totaled $1,371,000 or $0.29 per diluted share compared with net income of $1,079,000 or $0.22 per diluted share in the prior year nine month period. Vicon generated $5.5 million in cash from operations for the year to date period, of which $943,000 was used to repurchase 185,315 shares of the company's stock in open market transactions. For the nine months, the company reported operating income of $2,161,000 and income before tax of $2,181,000 compared with operating income of $1,625,000 and income before tax of $1,774,000 for the same period a year ago.

Vicon Industries Inc. introduced the 'NVR Shadow,' a powerful NVR pre-loaded with ViconNet video management software and including up to 6.5 TB of usable, internal storage space in RAID 5 configuration. In addition to serving as the 'hub' of a ViconNet video network, the NVR Shadow provides extended storage through eight hot-swappable drives for video database storage that are accessible from the front of the unit. The operating system drive, as well as a slim CD/DVD, are not part of the RAID array and are located internally. The NVR Shadow is offered with three levels of usable storage space: 1.6 TB, 3.3 TB or 6.5 TB. The number of cameras it can simultaneously record varies from 50 to 95, depending on the cameras' frame rate, recording quality and resolution. It is available only within a 2RU rackmount chassis. A professional rail kit is provided with the unit to ensure that its weight is adequately supported with installed in a 19' rack. Orders are being accepted immediately for delivery within a few weeks.