Cemtrex Receives $2,000,000 in New Orders in Advanced Technologies Segment
March 17 2020 - 9:15AM
– Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading
technology company, announced today that the company received new
orders totaling over $2,000,000 in its Advanced Technology segment
over the last 30 days.
The Company received multiple orders for several security
surveillance systems for government and commercial buildings
including correctional facilities. The orders were also for
software development services for web, mobile, enterprise, and
virtual reality applications with all new customers. The Company
expects to fulfill these new orders in the next quarter. The
orders represent an increase in demand overall for the Company’s
products and services in its Advanced Technologies segment on a
year over year basis for the period.
Cemtrex's CEO, Saagar Govil, commented, "We are continuing to
see demand for our products and services despite the challenges
from COVID-19 as our business offers products and services that are
essential for companies over the long term. We expect the
disruption to our operations to be minimal as much of our workforce
is able to work remotely. The next four weeks may be challenging to
deliver products to customers as some are closing their doors
through mid-April, but our pipeline and backlog remains largely
intact."
About Cemtrex Cemtrex, Inc. (CETX) is a
diversified technology company that's driving innovation in a wide
range of sectors, including smart technology, virtual and augmented
realities, digital technology solutions, industrial solutions, and
intelligent security systems.www.cemtrex.com
Safe Harbor Statement This press release
contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements relating to our new product offerings or any proposed
fundraising activities. These forward-looking statements are
based on management's current expectations and are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those set forth in or implied by such
forward looking statements. Statements made herein are as of
the date of this press release and should not be relied upon as of
any subsequent date. These risks and uncertainties are discussed
under the heading "Risk Factors" contained in our Form 10-K filed
with the Securities and Exchange Commission. All information
in this press release is as of the date of the release and we
undertake no duty to update this information unless required by
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For further information, please contact:
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
investors@cemtrex.com
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