FARMINGDALE, N.Y., Oct. 16, 2014 /PRNewswire/ -- Cemtrex, Inc.
(OTC: CTEI) today announced that it is experiencing greater
proposal activity in its Continuous Emission Monitoring Systems
(CEMS) business.
Ravi Narayan, Vice President of
Cemtrex cited several reasons for increased activity including, (i)
U.S. cement plants will need to upgrade their CEMS over the next
two years to measure mercury, hydrocarbons, HCl and particulate,
(ii) Coal-fired power plants also have to measure mercury, HCl and
organics due to pending air toxic rules,(iii) and expanding CEMS
market to measure greenhouse gases including Carbon dioxide
and methane due to global warming.
According to the latest forecasts in the McIlvaine Company, the
world market for CEMS for ambient as well as stack applications
will exceed $1 billion/yr. This
includes the analyzers, software and accompanying service revenues.
Cemtrex with its "IntelliPRO" and "IntelliCEM" range of CEMS
packages that have been already installed at hundreds of industrial
and utility facilities is well positioned to meet this expected
demand in the next two years. "IntelliPRO" and "IntelliCEM"
represent state of the art technology and are capable of
multiplexing several stacks or Economizer outlets and presents a
huge cost savings for the facilities.
About Cemtrex, Inc.
Cemtrex (OTC: CTEI) is a diversified international company
offering a range of products, systems and solutions in a wide
variety of industries around the world to meet today's
technological 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.
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.
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:
Cemtrex Inc.
Saagar Govil
Phone: 631-756-9116
Email
SOURCE Cemtrex, Inc.