Cemtrex Receives Multi-million Dollar Order From New Customer
April 10 2017 - 8:45AM
Cemtrex Inc. (Nasdaq: CETX, CETXW, CETXP), a world leading
industrial and manufacturing solutions company, announced today
that it received a multi-million dollar order from a new customer,
HBH GmbH. Cemtrex expects to execute this order over the next
18-month period.
The order from HBH will rely on Cemtrex’s expertise to build
electronic components for high-power HF amplifiers to be used in
the FRIB particle accelerator at Michigan State University. Founded
in 1999, HBH GmbH is located in Stutensee, Germany, and provides
solutions and engineering services in the field of communication,
radar, high-frequency components as well as high power amplifiers
for customers worldwide.
Particle accelerators find extensive use in the semiconductor
industry in chip manufacturing and in hardening the surfaces of
materials such as those used in artificial joints. Whether it’s
medical or scientific research, consumer product development or
national security, particle accelerators touch nearly every part of
our daily lives.
With this new customer and other existing customer needs,
Cemtrex’s management team is optimistic for meeting its organic
growth targets over the next year, based on customers’ current
purchasing volumes.
Cemtrex Chairman and CEO Saagar Govil (@SaagarGovil) commented,
“We are excited to be working with HBH GmbH in supporting Michigan
State University on this unique application. We believe that
working on extremely complex high-tech electronics such as this
validates our underlying strategy to focus on niche high-value
markets. This strategy is expected to allow us to maintain our
strong track record of growth and deliver long term value to our
shareholders.”
Joachim Schrag, HBH project manufacturing lead, noted, “We are
thrilled to have Cemtrex onboard with this project. We selected the
company because we feel confident in their workmanship and ability
to deliver high-quality product to us in a timely manner.”
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 @Cemtrex
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
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in accordance with US GAAP. The Company believes that the
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information to management and investors regarding underlying trends
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The Company's management regularly uses these supplemental non-GAAP
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Investor Relations
Cemtrex Inc.
Phone: 631-756-9116
investors@cemtrex.com
www.cemtrex.com
Twitter: @cemtrex
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