Vicon CEO Announces Restructuring Plan

Vicon Industries, Inc. (OTCQB: VCON) today announced that the company is
implementing a restructuring plan to improve the overall operating
efficiency and performance of its business. 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’s Chairman and CEO, Saagar Govil, commented, “We have now taken a
number of steps to put Vicon on a path for long term success. We believe
that Vicon has a bright future and with the changes we are making the
company will be more competitive and valuable over the long term. Our
immediate goal is to get the company to a cashflow positive situation
and we hope to accomplish this by the end of the next fiscal year.”

About Vicon

Vicon Industries, Inc. (OTCQB: VCON) 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

Special Note Regarding Forward-looking Statements

This press release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements relating to our new product offerings and our
proposed fundraising activities. These forward-looking statements are
based on management’s current expectations and are subject to certain
risks and uncertainties that could cause actual results to differ
materially from those set forth in or implied by such forward looking
statements. These risks and uncertainties include, but are not limited
to: our history of losses and negative cash flows; our need for
additional financing; market acceptance of our products; our ability to
manufacture and develop effective products and solutions; indebtedness
to our secured lender; current and future economic conditions that may
adversely affect our business and customers; potential fluctuation of
our revenues and profitability from period to period which could result
in our failure to meet expectations; our ability to maintain adequate
levels of working capital; our ability to incentivize and retain our
current senior management team and continue to attract and retain
qualified scientific, technical and business personnel; our ability to
expand our product offerings or to develop other new products and
services; our ability to generate sales and profits from current product
offerings; rapid technological changes and new technologies that could
render certain of our products and services to be obsolete; competitors
with significantly greater financial resources; introduction of new
products and services by competitors; challenges associated with
expansion into new markets;; and, other factors discussed under the
heading “Risk Factors” contained in our Registration Statement on Form
S-3 filed with the Securities and Exchange Commission on January 5,
2018. All information in this press release is as of the date of the
release and we undertake no duty to update this information unless
required by law.

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