2014

Cemtrex Expanding into Energy Efficiency Carbon Credits Market

    FARMINGDALE, N.Y., Oct. 26 /PRNewswire-FirstCall/ -- Cemtrex, Inc.
 (OTC: CTEX) announced today that the Company is expanding its scope of
 activities in the carbon credits market to include energy efficiency
 projects. Energy efficiency projects characterized by reduction in energy
 inputs and emissions include: refurbishment of power plants, combined cycle
 turbines, improvements of heating plants, process heat recovery, and
 facility space heating and lighting.
     "More than ever, companies are facing increased competitive pressures
 to produce high-quality products at lower cost and where energy is a
 significant cost component, companies will need to bring energy costs in
 line with best practice standards," said Mr. Aron Govil, CEO & President of
 Cemtrex. "If assessed and implemented properly, the returns from energy
 efficiency investments can be high and the technical risks relatively low
 and these energy efficiency projects once implemented will bring an average
 5-20% overall reduction in energy consumption, thus providing subsequent
 CO2 emission reductions."
     Carbon credits are emission offsets, per the Kyoto Protocol, that are
 generated from energy efficiency projects which displace carbon emissions
 from traditional fossil fuel sources like coal, oil or gas with the
 subsequent reduction in greenhouse gas emissions. Companies, agencies and
 governments buy, sell, bank and trade carbon credits called Certified
 Emission Reductions or CERs. The Kyoto Protocol, adopted in 1997, went into
 effect on February 16, 2005. The agreement legally binds participating
 industrialized countries to reduce their emissions of greenhouse gases
 during the five-year commitment period of calendar years 2008-2012 as
 compared to baseline emissions in the year 1990. The Protocol does not set
 limits on the greenhouse gas emissions of developing nations. So far, the
 agreement has been ratified by 141 countries, representing over 61% of
 global emissions. The U.S. has not ratified the agreement. However, even
 though companies in the U.S. are not subject to Kyoto's emission caps, U.S.
 companies that operate in nations complying with the Kyoto Protocol do have
 to meet those countries' caps.
     Cemtrex is engaged in manufacturing and selling the most advanced and
 custom-engineered instruments for emission monitoring. The Company offers a
 complete range of Process and Air Emissions monitoring instruments and
 software for all pollutants regulated by the EPA, including dust, opacity,
 CO2, O2, SO2, NOx, CO, flow, moisture, ammonia, mercury and hydrocarbons.
 Cemtrex also provides turnkey services for carbon creation projects from
 abatement of greenhouse gases pursuant to the Kyoto Protocol. 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.
     For further information please contact:
 
     Cemtrex, Inc.
     URL: http://www.cemtrex.com
     Email: agovil@cemtrex.com
     Aron Govil, CEO @ (516) 816-1400
     This release was issued through eReleases(TM). For more information,
 visit http://www.ereleases.com.
 
 

SOURCE Cemtrex, Inc.

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