Cemtrex Receives New Orders Totaling Over $7 Million
FARMINGDALE, N.Y., July 17, 2014 /PRNewswire/ -- Cemtrex, Inc. (OTC: CTEI) today announced that the company has recently received new orders in excess of $7,000,000 across its business divisions: Environmental monitoring and systems & Electronic manufacturing services.
The Company received approximately $3 Million in environmental systems sales and deliveries are expected to ship in the next six to nine months. The Company received approximately $4 Million in new electronics manufacturing services orders and deliveries of these orders will take place primarily during fiscal year 2015. The environmental related orders were from new customers while the latest electronics manufacturing related orders were primarily from existing customers in the medical device industry.
Cemtrex's CEO, Saagar Govil, said, "Cemtrex's various sales and marketing teams are executing at a high level and continue to find opportunities in the market. We are excited to see such strong demand for our products and services as we look to build on this recent momentum."
About Cemtrex, Inc.
Cemtrex, Inc. (CTEI) is a diversified technology company that provides solutions to meet today's industrial challenges. The Company operates through two (2) business divisions consisting of: (1) electronic manufacturing services of printed circuit board assemblies, (2) environmental monitoring and control systems for industrial processes.
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.
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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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SOURCE Cemtrex Inc.