Cemtrex Ranked No. 213 Fastest Growing Company in North America on Deloitte’s 2016 Technology Fast 500™
November 16 2016 - 9:00AM
Cemtrex Inc. (Nasdaq: CETX), a world leading industrial and
manufacturing solutions company, announced today that it ranked No.
213 on Deloitte’s Technology Fast 500™, a ranking of the 500
fastest growing technology, media, telecommunications, life
sciences and energy tech companies in North America over the last
four years. Cemtrex has achieved a remarkable 368% growth from 2012
to 2015.
Cemtrex’s chairman and CEO, Saagar Govil, commented: “We are
delighted to be honored by Deloitte with this recognition by the
2016 Technology Fast 500™ ranking. Our organic growth
continues to be strong, as we focus on expanding niches within our
overall end-markets like the automotive, medical, industrial, and
wearable industries. At the same time, our acquisition strategy is
designed to strengthen our position in these areas and enter
additional niches that have significant growth prospects.”
“This year’s Fast 500 winners showcase that when organizations
are open to diverse perspectives and insights, they are able to
create an environment for their employees and customers to see the
possibilities and ingenious solutions that might lie ahead,” added
Jim Atwell, national managing partner of the emerging growth
company practice, Deloitte & Touche LLP. “Entrepreneurial
environments foster change and innovation within businesses, and we
look forward to watching these companies continue to drive change
across all sectors.”
Cemtrex has been a recipient of the Deloitte’s Fast 500 award
twice in recent history, in 2012 and 2015. Saagar Govil said, “We
are proud of receiving this award now three times in the last 5
years and of our growth of over 350% during that time frame. Our
goal is to continue to be a ‘Fast 500’ company for many years to
come and we are confident that we can that we can continue to grow
at rapid pace.”
About Deloitte’s 2016 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest
growing technology, media, telecommunications, life sciences and
energy tech companies – both public and private – in North America.
Technology Fast 500 award winners are selected based on percentage
fiscal year revenue growth from 2012 to 2015.
In order to be eligible for Technology Fast 500 recognition,
companies must own proprietary intellectual property or technology
that is sold to customers in products that contribute to a majority
of the company's operating revenues. Companies must have base-year
operating revenues of at least $50,000 USD, and current-year
operating revenues of at least $5 million USD. Additionally,
companies must be in business for a minimum of four years and be
headquartered within North America.
As used in this document, “Deloitte” means Deloitte LLP and its
subsidiaries. Please see www.deloitte.com/us/about for a detailed
description of the legal structure of Deloitte LLP and its
subsidiaries. Certain services may not be available to attest
clients under the rules and regulations of public accounting.
About Cemtrex
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.
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. 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.
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
investors@cemtrex.com
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