FARMINGDALE, N.Y., April 19, 2011 — Cemtrex Inc. (OTC: CTEI) announced today that it is opening a new software and technology division within the company. Cemtrex’s newly formed software and technology division will create innovative mobile and Web-based applications that aim to add synergies across its existing businesses as well as expand into new developing markets.
Cemtrex, through its India offices, has retained a software team to develop new mobile applications for environmental, industrial, and commercial applications. These applications will serve to enhance customer productivity, reduce operating costs, and provide remote access of both Cemtrex and third party’s technologies in the market today. Additionally, Cemtrex aims to combine the latest wireless and mobile hardware with proprietary software for its existing products, such as continuous emissions monitors and energy efficiency systems.
“Due to the rampant increase in use of smartphones and tablets in the workplace, we see a wide array of opportunities that would allow our customers to access critical information in a very convenient way. The mobile software industry is already a billion dollar industry and we plan to develop new products to capitalize on this growing trend,” said Saagar Govil, Cemtrex Vice President. “We see here a tremendous market opportunity to meet the growing demand of users in our marketplace. With this new division, Cemtrex hopes to deliver unprecedented levels of mobile access and communications to our existing and new customers,” Mr. Govil continued.
Cemtrex Inc. is a worldwide market leader in manufacturing and selling the most advanced instruments for emission monitoring products for the industry. Cemtrex also markets Green DCV, an innovative energy efficiency solution for high-quality green commercial buildings, through optimizing HVAC control systems. The company’s products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies.
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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Contact: Saagar Govil