LIVERPOOL, N.Y., Oct. 1, 2014 /PRNewswire/ -- Griffin
Filters, a subsidiary of Cemtrex Inc., announced today that they
have seen a growing demand for industrial air filtration directly
attributable to the oil and gas boom currently taking place in
the United States due to hydraulic
fracturing technologies.
Photo - http://photos.prnewswire.com/prnh/20140930/149475
Some studies estimate that the Hydraulic Fracturing proppants
industry will continue to grow at 8-9% per year. According to a
Morningstar report, the United
States is still by far the largest supplier of premium sand
with 30 million tons currently used per year and 3.5 million tons
in Canada with the market
expecting double-digit growth in 2014. The growing demand for
silica sand and proppants has resulted in supply shortages and
logistical challenges.
The processing of the frac sand results in air
pollution, including post wash drying of the sand, screening,
loading and unloading of railcars, barges and trucks. The silica
and fugitive dust particulate emissions are controlled by the high
efficiency proprietary baghouse filters which Griffin Filters
provides for maximum control. Griffin bag filters decrease safety
concerns for the operators of the frac sand trucks through
elimination of dusty, hazardous breathing conditions. Griffin
Filters has seen that the frac sand mining industry along with the
logistics trans-load points as a major growth area for its baghouse
filters.
CEO of Griffin Filters, Saagar Govil, commented, "After
receiving several significant orders and now with increasing
inquiries in this market we see this as a strong market for the
next few years as the oil & gas boom continues in the US. With
strong relationships with many customers in this space and a
considerable history of providing durable, efficient industrial air
filtration systems we are confident we can grow in this space."
About Griffin Filters
Griffin Filters (www.griffinfilters.com) is a wholly owned
subsidiary of Cemtrex Inc. (www.cemtrex.com) (OTC: CTEI) and has
been a leader in fabric filter dust collection and other
environmental control products for over 50 years. Griffin has
installed over 25,000 dust collectors worldwide with some
of the largest major fortune 500 companies. It offers shaker-style
filters for the concrete, aggregate and construction industries and
custom engineered pulse jet filters for a wide variety of
industries such as cement, plastics, chemical, power, steel, food
and minerals. Griffin offers an unusually large selection of
standard models which gives it the ability to match the widest
range of application needs whether solids processing, product
recovery or air pollution control.
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:
Griffin Filters
Contact: Saagar Govil
Phone: 631-756-9116
Business information: info@griffinfilters.com
Investor Information: investors@cemtrex.com
SOURCE Cemtrex