Cemtrex Inc. Ranked Number #184 Fastest Growing Company in North America on Deloitte’s 2017 Technology Fast 500™
November 09 2017 - 9:35AM
Cemtrex Inc., (NASDAQ: CETX, CETXP, CEXTW) today announced it
ranked #184 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. Cemtrex grew
585 percent during the period 2013 to 2016.
Cemtrex’s Chairman & Chief Executive Officer, Saagar Govil,
credits intense focus of products and services in fast growing
markets and smart acquisitions with the company’s 585 % revenue
growth. He said, "We are extremely proud to be on the Deloitte Fast
500 List for the 4th time since 2012. It speaks great volumes about
our tremendous success over the last several years. Our goal is to
remain on this list for as long as possible into the future and we
have a compelling roadmap of how we hope to accomplish that. We are
continuing to grow our business organically by focusing on fast
growing markets like automotive and industrial electronics,
wearables and devices enabled by the internet of things. We are
also pursuing new potential acquisitions that will allow us to
offer broader solutions in some of the fastest growing markets over
the coming decade."
“The Deloitte 2017 North America Technology Fast 500 winners
underscore the impact of technological innovation and world class
customer service in driving growth, in a fiercely competitive
environment,” said Sandra Shirai, vice chairman, Deloitte
Consulting LLP and U.S. technology, media and telecommunications
leader. “These companies are on the cutting edge and are
transforming the way we do business. We extend our sincere
congratulations to all the winners for achieving remarkable growth
while delivering new services and experiences for their
customers.”
“Emerging growth companies are powering innovation in the
broader economy. The growth rates delivered by the companies on
this year’s North America Technology Fast 500 ranking are a bright
spot for the capital markets and a strong indicator that the
emerging growth technology sector will continue to deliver a strong
return on investment,” said Heather Gates, national managing
director of Deloitte & Touche LLP’s emerging growth company
practice. “Deloitte is dedicated to supporting the best and
brightest companies of the future in the emerging growth company
sector. We are proud to acknowledge the significant accomplishments
of this year’s Fast 500 winners.”
Cemtrex previously ranked #213 as a Technology Fast 500™ award
winner for 2016 and was a previous winner in 2015 and 2012.
Overall, 2017 Technology Fast 500™ companies achieved revenue
growth ranging from 135 percent to 59,093 percent from 2013 to
2016, with median growth of 380 percent.
About
Cemtrex
Cemtrex, Inc. (NASDAQ:CETX) is an international 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
design and manufacturing services, comprehensive 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 is also in the process of developing its
own proprietary IoT and wearable devices. For more information
about Cemtrex, please visit www.cemtrex.com.
About Deloitte’s 2017 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 2013 to 2016.
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.
Deloitte refers to one or more of Deloitte Touche Tohmatsu
Limited, a UK private company limited by guarantee (“DTTL”), its
network of member firms, and their related entities. DTTL and each
of its member firms are legally separate and independent entities.
DTTL (also referred to as “Deloitte Global”) does not provide
services to clients. In the United States, Deloitte refers to one
or more of the US member firms of DTTL, their related entities that
operate using the “Deloitte” name in the United States and their
respective affiliates. Certain services may not be available to
attest clients under the rules and regulations of public
accounting. Please see www.deloitte.com/about to learn more
about our global network of member firms.
Safe Harbor StatementThis 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