Cemtrex EMS Segment Receives $6M in New Orders, Backlog at $50M
June 27 2019 - 9:20AM
– Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world
leading technology and manufacturing company, announced today that
the company received approximately $6M new orders in its
Electronics Manufacturing Services (EMS) Segment over the last few
months and its backlog remains strong at $50M.
The Company’s recent orders were driven primarily by customers
in medical devices, automotive technology, automation, and
measurement devices. The orders came from both new customers and
existing customers such as ERBE, ABB, and Heinzmann. Cemtrex’s EMS
segment achieved approximately $44M in revenues in CY 2018.
Cemtrex’s Chairman and CEO, Saagar Govil, commented, “Cemtrex’s
EMS segment continues to win new business from both new and
existing clients. Our backlog gives us continued confidence as we
have already locked in enough orders to see growth in our year over
year sales over the next twelve months.”
About Cemtrex Cemtrex, Inc. (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
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.
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
investors@cemtrex.com
General Inquiries
sales@cemtrex.com
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