FARMINGDALE, N.Y., Dec. 30, 2016 /PRNewswire/ -- Cemtrex Inc. (Nasdaq: CETX), a world leading industrial and manufacturing solutions company, announced today that it will show case its IS-2500 In-situ monitor as a Special Sponsor in the upcoming EUEC 2017 (Energy, Utility and Environment Conference) from Feb 8-10th in San Diego, CA.
The IS-2500 provides direct in-situ measurements with real time online process measurements designed to avoid the extensive gas sample extraction and conditioning associated with conventional monitors which add to the cost, maintenance and cause delay in process controls. Industrial facilities are now able to balance between 'product give away' and 'off-spec' products which results in enormous savings that pays back the cost of the IS-2500 system within a very short time. IS-2500 incorporates advanced Electro-optics and NDIR Technology, and therefore has very low CAPEX and OPEX compared to other available technologies in the market today.
"The global market for environmental monitoring & process automation has been growing steadily at a CAGR of 3.34% from 2014 and is expected to reach $19 billion by 2020; thus we are looking forward to double digit growth for IS-2500 due to need for automation, productivity improvements and process optimization in Industries such as: chemicals, oil & gas, water treatment, pharmaceutical, cement, energy and utilities," said Saagar Govil, Chairman & CEO of Cemtrex. "We are also in dialog with multi-national companies like ABB, Rosemount and Siemens for possible OEM partnerships to expand our markets globally," continued Mr. Govil.
Cemtrex, Inc. (NASDAQ: CETX) is a global, diversified industrial and manufacturing company that provides a wide array of solutions to meet today's technology challenges and is rapidly growing through acquisitions. Cemtrex provides: manufacturing services of advanced custom engineered electronics, industrial contracting services, monitoring instruments for industrial processes and environmental compliance, and equipment for controlling particulates, hazardous pollutants, and Greenhouse gases used in carbon 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. This release may contain Non-GAAP financial information and is not calculated or presented in accordance with US GAAP. The Company believes that the presentation of non-GAAP financial measures provides useful information to management and investors regarding underlying trends in its consolidated financial condition and results of operations. The Company's management regularly uses these supplemental non-GAAP financial measures internally to understand, manage, and evaluate the Company's business and make operating decisions.
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SOURCE Cemtrex Inc.