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| [February 27, 2013] |
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Vicon Chairman and CEO Announces Retirement
HAUPPAUGE, N.Y. --(Business Wire)--
Vicon Industries (News - Alert), Inc. (VII: NYSE-AMEX), a designer and producer of
enterprise class video security and surveillance systems, today
announced that Kenneth M. Darby has informed the Board of Directors of
his decision to retire as Chief Executive Officer and President no later
than December 31, 2013. Mr. Darby, 67, will continue to serve in his
current capacity, until a successor is named and the CEO transition is
complete.
The Board has formed a search committee and has retained The Onstott
Group, an executive recruiting firm, to assist in the CEO selection
process of both internal and external candidates. "For 35 years Ken has
provided a unique and extraordinary contribution to Vicon's growth and
success. As CEO and President over the past 22 years, is leadership,
integrity and dedication to the Company, shareholders, customers and
staff has served as an inspiration to many. We are fortunate that Ken
has agreed to stay on after December to serve as Chairman of the Board
of Directors. His guidance during this coming transition period will be
invaluable," said Bernard F. Reynolds, Search Committee Chairman, on
behalf of the Board of Directors.
Vicon develops video management software and also designs, assembles,
and markets cameras, network video servers/recorders, encoders and
storage medium. Vicon products are used in video system applications
principally for security, surveillance, safety and communication
purposes by a broad group of end users worldwide.
This news release contains forward-looking statements that involve
risks and uncertainties. Statements that are not
historical facts, including statements about the adequacy of reserves,
estimated costs, Company intentions, probabilities, beliefs, prospects
and strategies and its expectations about expansion into new markets,
growth in existing markets, enhanced operating margins or growth in its
business, are forward-looking statements that involve risks and
uncertainties. Actual results and events may differ
significantly from those discussed in the forward-looking statements and
the Company undertakes no obligation to publicly update or revise any
forward-looking statements.

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