Cemtrex Receives over $20M in New Orders in its EMS Segment During Most Recent Quarter
July 23 2018 - 8:33AM
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading
technology and manufacturing company, announced today that the
company received over $20 million in new orders in its Electronics
Manufacturing Services (EMS) Segment during its most recent quarter
ended June 30th, 2018.
The Company’s new orders were driven primarily by customers in
medical devices, industrial technology, automation, and measurement
devices. The orders came from both new customers and existing
customers such as ERBE, Stäubli, and Heinzmann. These new orders
bring the total EMS segment’s backlog up to over $50M in total
which puts the segment on a path toward organic growth of 10% over
the next twelve months.
Cemtrex’s Chairman and CEO, Saagar Govil, commented, “We are
encouraged with the recent success of our EMS segment. We have been
able to rebound from a decline in sales last quarter with these new
bookings. With $50M in backlog this gives us a strong foundation
for us to continue growing within this segment.”
About CemtrexCemtrex, Inc. (NASDAQ:CETX) is the
manufacturer of the SmartDesk, the world’s most advanced
workstation. Cemtrex is a diversified technology company that's
driving innovation in a wide range of sectors, including smart
technology, virtual and augmented realities, advanced electronic
systems, industrial solutions, and intelligent security
systems.www.cemtrex.com
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For further information, please contact:
Media Relations
KCSA Strategic Communications
Anne Donohoe
212-896-1265
adonohoe@kcsa.com
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
investors@cemtrex.com
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