Jun 10, 2015, 08:55 ET
FARMINGDALE, N.Y. and ST. LOUIS, June 10, 2015 /PRNewswire/ -- Cemtrex, Inc. (OTC: CTEI) announced today that the company has signed a distribution partner agreement with Prozess Technologie, an emerging leader in real-time, in-line process measurement solutions, to sell the Reveal™ process analyzer product lines.
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"This partnership with Prozess Technologie enables us to immediately deploy some of the most advanced measurement solutions available in the market to our customers. Our goal is to utilize our expertise in monitoring and instrumentation and leverage our already strong relationships with these Fortune 500 companies to offer more products and services they need and that can help improve process efficiency or yield. We see a $500M+ worldwide market potential for these solutions presently and believe it can be a multi-million dollar revenue stream for Cemtrex over the next few years," said Saagar Govil, CEO of Cemtrex Inc.
Ravi Narayan, Vice President of Business Development for Cemtrex commented, "The Reveal is complementary and expands our current product lines in monitoring and instrumentation. It is a revolutionary new platform to help manufacturers solve their toughest process measurement challenges and can displace many products presently in place at many manufacturing facilities."
"Today, it is no longer affordable or efficient for manufacturers to use laboratory approaches for process measurement and quality control," said Stefan Beck, vice president, worldwide sales for Prozess Technologie. "Our Reveal technology reduces cycle time, improves yield and increases profitability of manufacturing processes due to the implementation of real-time measurement."
The Reveal platform uses spectroscopy with built-in chemometrics to measure solids, liquids and gases "in-line" for batch and continuous manufacturing. The Reveal can be customized for even the harshest environments, including certified enclosures for hazardous areas.
"Because of their history and unique position in the market, Cemtrex is an ideal partner," added Beck. "Cemtrex has the right experience, talent and relationships to help us bring the Reveal solution to U.S. manufacturing."
For more information about Cemtrex, please visit http://www.cemtrex.com. To learn more about Reveal, please visit www.prozesstech.com.
About Cemtrex, Inc.
Cemtrex, Inc. (OTC: CTEI) is a diversified technology company that provides a wide array of solutions to meet today's industrial challenges. Cemtrex, through its wholly owned subsidiaries provides electronic manufacturing services of custom engineered printed circuit board assemblies, emission monitors and instruments for industrial processes, and environmental control and air filtration systems for industries and utilities.
About Prozess Technologie, Inc.
Prozess Technologie is a technology company that designs, builds, and implements spectroscopic solutions for process measurement and control in multiple manufacturing sectors. The company uses precision light technologies to measure, enabling customers to understand and control manufacturing chemical processes in real time. The company's integrated hardware and software solutions are in use by leading global manufacturers in the pharmaceutical, food and beverage, and petrochemical industries. Prozess Technologie is a privately held company based in St. Louis, Missouri. For more information, visit prozesstech.com.
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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