Cemtrex Sees Increased Activity in its CEMS Business
October 16, 2014
FARMINGDALE, N.Y., Oct. 16, 2014 — Cemtrex, Inc. (CTEI) today announced that it is experiencing greater proposal activity in its Continuous Emission Monitoring Systems (CEMS) business.
Ravi Narayan, Vice President of Cemtrex cited several reasons for increased activity including, (i) U.S. cement plants will need to upgrade their CEMS over the next two years to measure mercury, hydrocarbons, HCl and particulate, (ii) Coal-fired power plants also have to measure mercury, HCl and organics due to pending air toxic rules,(iii) and expanding CEMS market to measure greenhouse gases including Carbon dioxide and methane due to global warming.
According to the latest forecasts in the McIlvaine Company, the world market for CEMS for ambient as well as stack applications will exceed $1 billion/yr. This includes the analyzers, software and accompanying service revenues. Cemtrex with its “IntelliPRO” and “IntelliCEM” range of CEMS packages that have been already installed at hundreds of industrial and utility facilities is well positioned to meet this expected demand in the next two years. “IntelliPRO” and “IntelliCEM” represent state of the art technology and are capable of multiplexing several stacks or Economizer outlets and presents a huge cost savings for the facilities.
About Cemtrex, Inc.
Cemtrex (CTEI) is a diversified international company offering a range of products, systems and solutions in a wide variety of industries around the world to meet today’s technological challenges. Cemtrex, through its wholly owned subsidiaries provides electronic manufacturing services of custom engineered printed circuit board assemblies, emission monitors & instruments for industrial processes, and environmental control & air filtration systems for industries & utilities.
Cemtrex through its wholly owned subsidiary ROB Cemtrex GmbH (www.robcemtrex.com) provides electronic manufacturing services, which includes printed circuit board assemblies and completely assembled electronic products. The Company sells a complete line of air filtration and environmental control products through its subsidiary Griffin Filters, LLC (www.griffinfilters.com) to a wide variety of industrial and manufacturing industries worldwide. The Company through its Monitoring Instruments and Products (MIP) (www.cemtrex.com) division manufactures sells, and services instruments, software and systems for monitoring emissions of Greenhouse gases, hazardous gases, particulate 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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