FARMINGDALE, N.Y., Sept. 4, 2014 /PRNewswire/ -- Cemtrex
Inc.(OTCBB: CTEI) announced today that the company will be a
featured presenter at the 4th Opportunity Crudes
Conference on Monday, September 15,
2014 in Westin Oaks Hotel, Houston, TX.
Logo - http://photos.prnewswire.com/prnh/20140903/142630
Gregory Shahnovsky, President of MODCON in partnership with
Cemtrex will be giving a presentation on multi-variable crude oil
blending using the NMR-LP enhanced technology. Cemtrex offers NMR
and NIR online process analyzers to monitor a wide variety of
parameters for refinery applications, which are instrumental in
managing yield of products like gasoline, jet fuel, and naphtha
unique value proposition and control oil refinery process to
maximize profits for the facility owners.
Cemtrex's CEO, Saagar Govil said, "This conference is a great
opportunity for us to showcase our innovative products for crude
oil blending and analysis. Due to the rapid growth in the domestic
oil & gas market we believe there is a strong demand for our
products as they can help these companies reduce their operational
costs and provide a high return on investment."
According to the EIA, U.S. total crude oil production averaged
an estimated 8.5 million barrels per day (bbl/d) in July, the
highest monthly level of production since April 1987. U.S. total crude oil production,
which averaged 7.5 million bbl/d in 2013, is expected to average
8.5 million bbl/d in 2014 and 9.3 million bbl/d in 2015. The 2015
forecast represents the highest annual average level of oil
production since 1972.
The 4th Opportunity Crudes Conference is a signature
showcase for superior quality, under-followed public companies with
less than $500 million in market capitalization. A diverse
team of over 30 international technology experts and business
strategists to share their experiences, present solutions, and
reveal insights into the latest technologies and strategies in
processing unconventional, price-advantaged crudes.
About Cemtrex, Inc.
Cemtrex, Inc. (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 & instruments for
industrial processes, and environmental control & air
filtration systems for industries & utilities.
www.cemtrex.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.
For further information, please contact:
Saagar Govil
Cemtrex, Inc.
Phone: 631-756-9116
SOURCE Cemtrex