Cemtrex Provides Update on the Launch Date of Smart Desk
December 13 2017 - 8:55AM
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading
industrial and manufacturing company, today Cemtrex announced
that it plans to release its much-anticipated Smart Desk IoT
product in May of 2018. This proprietary product is being
developed in-house by the Company’s newly formed Advanced
Technologies group.
The Smart Desk is targeting the office place market and is
designed to help companies adopt the most advanced technologies
available and tremendously increase employees’ productivity.
“The Smart Desk represents the first total reinvention of the
personal work space in decades and it will revolutionize
workstation productivity just as smart phones made society more
productive over conventional cell phones,” said Cemtrex’s Chairman
and CEO, Saagar Govil. “Not only do we expect every office to order
multiple Smart Desks, we also anticipate that every household would
want to have at least one Smart Desk in their house,” continued Mr.
Govil.
While the traditional market leaders in the computing space have
been focused on mobility solutions, the desktop market remains
massive in size with approximately 270 million units being shipped
in 2016 which amounts to $180 billion market size. According to
Gartner, the corporate market is a large market opportunity for the
smart desk as desktop PCs account for almost 84% of PCs sold and
74% of those sold are to business users.
Joe Novelli, Vice President of Product Development at Cemtrex,
said, “With over 60 inches of intelligent touch display area,
exclusive custom applications, and an advanced content touch
management system, the smart desk is slated to be a big leap ahead
of current productivity solutions in the market today. This
futuristic product will raise multi-tasking to entirely new levels
and will generate enormous excitement in the work space.”
Cemtrex plans to unveil the product details along with advance
order booking information closer to the release date.
About CemtrexCemtrex, 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 contracting services,
monitoring instruments for industrial processes and environmental
compliance, and systems for controlling particulates and regulated
pollutants. The Company also develops its own proprietary IoT and
wearable devices.www.cemtrex.com
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