2005 annual report vicon industries inc to our shareholders fiscal which ended on september 30 was a year of progress notwithstanding disappointment in an operating performance below expectations nevertheless throughout the company remained focused its key strategic goal developing comprehensive digital video product line and related sales channel that will be platform s future built while security industry is growing worldwide demographics marketplace have changed dramatically recent years after terrorist attacks 11 th many large multinational corporations entered through acquisitions varying equipment manufacturers software providers installation companies at same time global middle technology shift from analog based systems or hybrid both combination these factors has presented with significant challenges aside sizable investment development methodology channels also required realignment modification considerable effort spent areas seeking partners leverage revenue growth
