Cemtrex Developing an Advanced Smart Desk that Delivers a Fully Integrated, IoT Experience to Revolutionize the Workspace Env...
August 01 2017 - 8:30AM
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading
industrial and manufacturing company, today announced that it
is moving forward with the development of an advanced “smart desk”,
which will reinvent the workstation. The Company’s Advanced
Technology team is leading the development of this product, which
is the first of a robust pipeline of plans to reinvent the
workspace environment.
Cemtrex’s smart desk will have many capabilities to service all
the needs of a highly efficient employee from one sleek device. A
few key features to highlight include a high resolution multi-touch
display with ability to draw, scan documents directly on the desk,
wireless connectivity for full access to the cloud and next
generation wireless charging capabilities for mobile devices. A
prototype of the smart desk is expected to be available by the end
of 2017 and Cemtrex anticipates a commercial product will be ready
for sale in 2018.
“The idea of a smart desk has been in the dreams of many people
for a long time, and we believe that that advancements in digital
touch screen displays, interactive software and the movement
towards the cloud make this the right time for the development of a
fully integrated smart desk,” commented Saagar Govil, Cemtrex’s
Chairman and CEO.
“Our concept design for a smart desk reimagines the computer
workstation form factor that has been largely unchanged for
decades. This will be our first IoT proprietary product designed
and produced by our in-house team. By leveraging Cemtrex’s
extensive experience in electronics manufacturing, we have been
able to quickly identify our product pipeline and choose this
initial program.”
“The team will initially focus on developing the smart desk to
meet the needs of enterprise offices and designer markets. With
sales of the initial smart desk product targeted to begin in 2018,
we are excited to start this exciting new chapter of Cemtrex’s
history. There are several financial advantages to developing and
manufacturing a proprietary line of advanced IoT products
considering the scale of our existing capabilities,” continued
Govil.
This is the first proprietary IoT product development program
for the Company since announcing the formation of its Advanced
Technologies subsidiary in July. The Advanced Technologies group
will be focused on developing products for additional IoT and
wearable segments in the future as the Company executes on its
product roadmap. The company expects to add additional capabilities
and talent to further its initiatives in this market.
About Cemtrex
Cemtrex, Inc. (NASDAQ:CETX) is a world leading diversified
industrial and manufacturing company that provides a wide array of
solutions to meet today's technology challenges. Cemtrex provides
manufacturing services of advanced custom engineered electronics,
industrial services, monitoring instruments for industrial
processes and environmental compliance, and systems for controlling
particulates, hazardous gases, emissions of Greenhouse gases, and
other regulated pollutants. The Company also develops its own
proprietary IoT and wearable devices.
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.
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
investors@cemtrex.com
Cemtrex (NASDAQ:CETX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Cemtrex (NASDAQ:CETX)
Historical Stock Chart
From Sep 2023 to Sep 2024