Vicon Fails to Comply With NYSE American Continuing Listing Standard

On June 14, 2018, Vicon Industries, Inc. received a letter from NYSE American LLC stating that the company is not in compliance with the stockholders’ equity continued listing standards set forth in Section 1003(a)(ii) of the NYSE American Company Guide.

In order to maintain its listing, the company must submit a plan of compliance by July 16, 2018 addressing how it intends to regain compliance with Section 1003(a)(ii) of the Company Guide by December 16, 2019. The company’s management is pursuing options to address the deficiency and intends to submit a compliance plan on or before the deadline set by the Exchange.

Vicon is a producer of video management systems and system components for use in security, surveillance, safety and communication applications by a range of end users. Its 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, NY, the company also has offices in Yavne, Israel and the UK.