Cemtrex Receives New Orders Totaling over $3 Million
October 29, 2015
FARMINGDALE, N.Y., Oct. 28, 2015 — Cemtrex Inc. (CETX), a diversified industrial and manufacturing leader, announced today it has secured new orders totaling over $3 million in recent weeks. The orders consisted of primarily new orders from existing customers between the two groups: Environmental Products & Systems and Electronics Manufacturing Services.
The company received approximately $1.8M in new environmental products sales with deliveries expected over the next twelve months for new projects in South and East Asia. The company also received approximately $1.2M in new electronics products orders for a diverse set of existing European customers in wearable, medical, and industrial markets with deliveries expected over the next twelve months.
Cemtrex’s CEO, Saagar Govil, commented, “I am pleased to see our team obtaining new orders despite recent uncertainty in financial markets. Our existing businesses are seeing continued demand with new orders feeding into a healthy backlog. This combined with our previously announced pending acquisition gives us confidence that our fiscal 2016 will be another positive year for Cemtrex.”
Cemtrex, Inc. (CETX) is a world leading diversified industrial and manufacturing company that provides a wide array of solutions to meet today’s technology challenges. Cemtrex provides manufacturing services of advanced custom engineered electronics, monitoring instruments for industrial processes and environmental compliance, and systems for controlling particulates, hazardous gases, emissions of Greenhouse gases, and other regulated pollutants used in emissions trading globally.
Safe Harbor Statement
This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date.
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