Cemtrex Sees Business Opportunities in Ventilation Air Methane Market
FARMINGDALE, N.Y., May 2, 2012 /PRNewswire/ -- Cemtrex, Inc. (OTC: CTEI) is optimistic about business opportunities resulting from increased proposal activity in the Ventilation Air Methane market for its MCDR technology.
Cemtrex had developed breakthrough technology for the destruction of Ventilation Air Methane (VAM) and currently markets its MCDR (Methane Catalytic Destruction Reactor) technology, whereby low-concentration methane gas from coal mines is catalytically oxidized and heat is recovered to reheat the incoming ambient mine air. The destruction of methane, a greenhouse gas, generates carbon credits as per the Kyoto protocol. Cemtrex's MCDR unit is the only technology that utilizes a Cemtrex proprietary catalyst to destroy methane at a much lower temperature than its normal oxidation temperature, thus reducing the energy requirement. Most other units in the market do not utilize any catalyst. Cemtrex's MCDR unit can operate in a thermally stable operation without any external heat input at very low-level methane concentrations.
"Our single unit that destroys 5000 tons of VAM sells for $3million and we are currently involved in negotiations with Asian coal mines to sell over 20 MCDR units," said Mr. Saagar Govil, CEO of Cemtrex. "There is potential to sell over 200 MCDR units in India, South America and Far East countries during the next 5 years," continued Mr. Govil.
Cemtrex, Inc. is a worldwide market leader in manufacturing and selling the most advanced instruments for emission monitoring and equipment for environmental control and filtration systems for the industry. Cemtrex also markets Green DCV, an innovative energy efficiency solution for high-quality green building applications, and technologies for 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.
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SOURCE Cemtrex, Inc.
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