Cemtrex Inc. (NASDAQ: CETX) Breaking News - January 20, 2017

Cemtrex Plans to Setup A Manufacturing Plant for Instrumentation Products in India

FARMINGDALE, N.Y., Jan. 20, 2017- Cemtrex Inc. (NASDAQ: CETX), a world leading industrial and manufacturing solutions company announced today that the company is planning to set up a state of the art instruments & electronics manufacturing facility in India in order to serve the growing demand for process instrumentation in Asia and other parts of the world. Cemtrex believes that with access to low cost manufacturing the Company will be able to increase its market share, and maintain its competitive advantage as a low cost provider in the market.

Cemtrex plans to establish this facility in the next 12 months. The Company is also looking forward to taking advantage of the government incentives offered by the “Make in India” program which will offset some of the upfront costs for the Company. The Indian government has announced scheme of incentives for manufacturing of electronics including 25% capital subsidy for 10 years on capital expenditure, reimbursement of central and state duties, and income tax exemptions on setting up in special economic zones, assistance in skill development etc.

Cemtrex's Chairman and CEO, Saagar Govil, commented, "This new manufacturing facility will allow us to improve our profit margins on our IS 2500 emission monitor and increase market share through in-stock deliveries.” Mr. Govil continued, “We have long term plans of building a suite of products and this manufacturing plant will set the stage for our long term success in markets globally."

About Cemtrex

Cemtrex, Inc. (NASDAQ: CETX) is a global, diversified industrial and manufacturing company that provides a wide array of solutions to meet today's technology challenges and is rapidly growing through acquisitions. Cemtrex provides: manufacturing services of advanced custom engineered electronics, industrial contracting services, monitoring instruments for industrial processes and environmental compliance, and equipment for controlling particulates, hazardous pollutants, and Greenhouse gases used in carbon trading globally. www.cemtrex.com

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. This release may contain Non-GAAP financial information and is not calculated or presented in accordance with US GAAP. The Company believes that the presentation of non-GAAP financial measures provides useful information to management and investors regarding underlying trends in its consolidated financial condition and results of operations. The Company's management regularly uses these supplemental non-GAAP financial measures internally to understand, manage, and evaluate the Company's business and make operating decisions.

For further information, please contact:
Investor Relations Cemtrex, Inc. Phone: 631-756-9116 investors@cemtrex.com

Source:  Cemtrex, Inc.

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Recent Cemtrex News:

Cemtrex Reminds Rights Holders of January 20 End date for Subscription Period for Participation in Preferred Stock and Warrant Rights Offering

FARMINGDALE, N.Y., Jan. 18, 2017-With the subscription deadline for participating in its subscription rights offering just days away, Cemtrex Inc. (NASDAQ: CETX), today reminded rights holders and broker-dealers of the January 20 subscription expiration date intended to help them successfully participate in the process and fairly subscribe to purchase units in the offering. The offering of units, which can be purchased for $10.00 each, consist of one share of series 1 preferred stock, paying cumulative dividends at the rate of 10% of the purchase price per year, and two series 1 warrants, each to purchase one share of Cemtrex’s common stock at $6.31 per share for a period of five years after the closing of the offering. On January 17, 2017, the closing price of Cemtrex’s common stock, as reported by the Nasdaq Capital Market, was $6.80 per share.

Cemtrex is conducting the rights offering primarily to raise additional capital to supplement its operating cash flows to fund new product development as well as its acquisition growth plan. Cemtrex has chosen to give stockholders of record the opportunity to purchase additional securities to maintain their current percentage ownership in Cemtrex and provide capital at what it believes are attractive price levels.

Cemtrex is offering up to 1,500,000 units, giving stockholders the opportunity to subscribe to up to 1,500,000 shares of its series 1 preferred stock and warrants to purchase up to 3,000,000 shares of common stock, each of which is expected to trade in the over-the-counter market and be quoted on the OTCQB marketplace.

The rights offering includes an over-subscription privilege, which entitles each rights holder that exercises its basic subscription privilege in full the right to purchase additional units that remain unsubscribed at the expiration of the rights offering, if any. Both the basic and over-subscription privileges are subject to proration. The basic and over-subscription privileges may be exercised during the subscription period that ends at 5:00 p.m., Eastern time, on Friday, January 20, 2017. Cemtrex may extend the offering up to an additional 30 days, in which case the offering would continue on a subscriptions first-in, first-served basis, with the potential for pro rata allocation of shares among participants subscribing on the day, if any, on which the offering becomes over-subscribed. If the rights offering is not fully subscribed following expiration of the rights offering, Source Capital Group, Inc., the dealer-manager for the rights offering, has agreed to use its commercially reasonable efforts to place any unsubscribed units at the subscription price for an additional period of up to 45 days.

The rights offering is being made pursuant to Cemtrex’s effective registration statement on Form S-1 (Reg. No. 333-213369) on file with the U.S. Securities and Exchange Commission (the “SEC”). Investors should consider the information in the prospectus carefully before making any decision to participate in the rights offering. Copies of the prospectus were sent to holders of record on the record date. Requests for copies of the prospectus and questions from stockholders relating to the rights offering may be directed to the information agent for the rights offering, as follows:

Information Agent

Okapi Partners LLC
1212 Avenue of the Americas, 24th Floor
New York, NY 10036
Tel.: (212) 297-0720 or (877) 259-6290 (toll free)
cemtrex@okapipartners.com

Source Capital Group invites any broker-dealers interested in participating in the rights offering to contact Source’s syndicate department at CETX@sourcegrp.com.

About Cemtrex

Cemtrex, Inc. is a global, diversified industrial and manufacturing company that provides a wide array of solutions to meet today’s technology challenges and is rapidly growing through acquisitions. Cemtrex provides manufacturing services of advanced custom engineered electronics, industrial contracting services, monitoring instruments for industrial processes and environmental compliance, and equipment for controlling particulates, hazardous pollutants and Greenhouse gases used in carbon trading globally. For more information, please visit www.cemtrex.com.

About Source Capital Group

Cemtrex Receives New Orders Totaling Over $15 Million

FARMINGDALE, N.Y., Jan. 5, 2017- Cemtrex Inc. (NASDAQ: CETX), a world leading industrial and manufacturing solutions company announced today that the company has received new orders in excess of $15 Million in the previous month across its Industrial Products and Services Group and Electronics Manufacturing Services Group.

The Company received approximately $10.5 million in orders for its Electronics Manufacturing Services Group for products related to innovative automotive products, medical devices, and automation technology. Cemtrex also received approximately $4.5 million in orders in its Industrial Products and Services Group in the packaging, industrial manufacturers, aggregate, power, oil, and construction industries. The Company expects to ship these orders over the next twelve months.

Cemtrex's Chairman and CEO, Saagar Govil, commented, "We are excited by the continued demand for our technologies and services as we reached a new record in monthly bookings and anticipate this trend to continue during this fiscal year based on the number of inquiries at hand. As a result we remain cautiously optimistic about the growth prospects for our Company and look to continue executing on our strategies."

About Cemtrex

Cemtrex, Inc. (NASDAQ: CETX) is a global, diversified industrial and manufacturing company that provides a wide array of solutions to meet today's technology challenges and is rapidly growing through acquisitions. Cemtrex provides: manufacturing services of advanced custom engineered electronics, industrial contracting services, monitoring instruments for industrial processes and environmental compliance, and equipment for controlling particulates, hazardous pollutants, and Greenhouse gases used in carbon trading globally.
www.cemtrex.com

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. This release may contain Non-GAAP financial information and is not calculated or presented in accordance with US GAAP. The Company believes that the presentation of non-GAAP financial measures provides useful information to management and investors regarding underlying trends in its consolidated financial condition and results of operations. The Company's management regularly uses these supplemental non-GAAP financial measures internally to understand, manage, and evaluate the Company's business and make operating decisions.

For further information, please contact:

Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
140167@email4pr.com
SOURCE Cemtrex, Inc.
 

Cemtrex to Showcase IS-2500 Monitor at EUEC Conference

FARMINGDALE, N.Y., Dec 30, 2016 - Cemtrex Inc. (NASDAQ: CETX), a world leading industrial and manufacturing solutions company, announced today that it will show case its IS-2500 In-situ monitor as a Special Sponsor in the upcoming EUEC 2017 (Energy, Utility and Environment Conference) from Feb 8-10th in San Diego, CA.

The IS-2500 provides direct in-situ measurements with real time online process measurements designed to avoid the extensive gas sample extraction and conditioning associated with conventional monitors which add to the cost, maintenance and cause delay in process controls. Industrial facilities are now able to balance between 'product give away' and 'off-spec' products which results in enormous savings that pays back the cost of the IS-2500 system within a very short time. IS-2500 incorporates advanced Electro-optics and NDIR Technology, and therefore has very low CAPEX and OPEX compared to other available technologies in the market today.

"The global market for environmental monitoring & process automation has been growing steadily at a CAGR of 3.34% from 2014 and is expected to reach $19 billion by 2020; thus we are looking forward to double digit growth for IS-2500 due to need for automation, productivity improvements and process optimization in Industries such as: chemicals, oil & gas, water treatment, pharmaceutical, cement, energy and utilities," said Saagar Govil, Chairman & CEO of Cemtrex. "We are also in dialog with multi-national companies like ABB, Rosemount and Siemens for possible OEM partnerships to expand our markets globally," continued Mr. Govil.

About Cemtrex

Cemtrex, Inc. (NASDAQ:CETX) is a global, diversified industrial and manufacturing company that provides a wide array of solutions to meet today's technology challenges and is rapidly growing through acquisitions. Cemtrex provides: manufacturing services of advanced custom engineered electronics, industrial contracting services, monitoring instruments for industrial processes and environmental compliance, and equipment for controlling particulates, hazardous pollutants, and Greenhouse gases used in carbon trading globally.
www.cemtrex.com

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. This release may contain Non-GAAP financial information and is not calculated or presented in accordance with US GAAP. The Company believes that the presentation of non-GAAP financial measures provides useful information to management and investors regarding underlying trends in its consolidated financial condition and results of operations. The Company's management regularly uses these supplemental non-GAAP financial measures internally to understand, manage, and evaluate the Company's business and make operating decisions.

For further information, please contact:
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
139531@email4pr.com

SOURCE Cemtrex Inc.

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About Cemtrex, Inc.:

Cemtrex is a diversified technology company offering a range of products, systems and services to address the needs of a wide variety of industries around the world. Cemtrex, provides electronic manufacturing services of printed circuit board assemblies, provides instruments for industrial processes, and provides industrial environmental control systems.
Electronics Manufacturing Solutions

Cemtrex through its wholly owned subsidiaries provides electronic manufacturing services, which includes printed circuit board assemblies and completely assembled electronic products. In connection with the production of assembled products, the Company also provides services to its customers, including:

Automatic and manual assembly and testing of products
Material sourcing and procurement
Manufacturing and test engineering support
Prototype design services

Cemtrex has the ability to produce assemblies requiring mechanical as well as electronic capabilities. The Company helps company from the prototype and design phase all the way through large run manufacturing and assembly.

The products produced by the Company are further incorporated into finished products sold in various industries, particularly wearable devices, automotive, telecommunications, industrial products, appliances, home automation, industrial automation and medical devices. The Company also manufactures custom designed cables, connectors, and wire harnesses for various industrial, medical and automotive applications.

Industrial Products & Services

Cemtrex through its subsidiaries provides a complete line of industrial air filtration and environmental control equipment to industries such as: chemical, cement, steel, food, construction, mining, & petrochemical. Our equipment is used to:

Remove dust, corrosive fumes, mists, hydrocarbons, volatile organic compounds, submicron particles and particulate from industrial exhausts and boilers;
Clean noxious and acid gases such as sulfur dioxide, hydrogen chloride, hydrogen sulfide, chlorides, and organics from industrial exhaust stacks prior to discharging to the atmosphere;
Control emissions of coal, dust, sawdust, phosphates, flyash, cement, carbon black, soda ash, silica, etc. from construction facilities, mining operations and dryer exhausts.

The Company also provides turn-key solutions for its environmental products including ancillary equipment such as heaters, pumps, fans, ducting, conveying systems, mixers, and spare parts as well as being responsible for the delivery, installation, erection, and start-up of these systems.

The Company, through its subsidiaries, also provides a broad range of industrial services such as rigging, millwrighting, electrical & piping. The Company has vast experience in plant and equipment removal, relocation, and installation for a wide variety of original equipment manufacturers in the packaging, automotive, chemicals, and pharmaceutical industries. Additionally, Cemtrex provides optical alignment and precise geometric installation of complex machinery. The Company also has vast transportation and storage capabilities to provide its clients with a turnkey solution for any industrial contracting services that they might require.

Cemtrex through its wholly owned subsidiaries also manufactures and sells advanced instruments for emissions monitoring, process analysis, and controls for industrial applications and compliance with environmental regulations. Emission monitoring systems are installed at the exhaust stacks of industrial facilities and are used to measure the outlet flue gas concentrations of a range of regulated pollutants. Through use of the company's equipment and instrumentation, Cemtrex clients can monitor the exhausts to the atmosphere from their facilities and comply with Environmental Protection Agency and state and local emission regulations on dust, particulate, fumes, acid gases and other regulated pollutants into the atmosphere.

The Company provides a single source responsibility for design, engineering, assembly, installation and maintenance of systems to its customers. The Company's products are designed to operate so as to allow its users to determine their compliance with the latest governmental emissions regulations. The Company's products measure the concentrations of various regulated pollutants in the flue gases discharging the exhaust stacks at various utilities and industries.

Cemtrex also markets a range of crude oil and natural gas analyzers. These products provide real time measurement of various properties specific to the refining processes of oil and gas. Some of the properties include RON, salt and water content, pH, viscosity, and other critical parameters that can be used to improve the blending and refining processes. The analyzers are sold to refineries and similar facilities to optimize the yield of blended and refined product.

Investor Relations

Cemtrex, 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 is publicly traded on Nasdaq under the symbol, CETX.

Cemtrex was incorporated in 1998, under Delaware law, and has been in business for over 20 years, starting out as an emission monitoring equipment supplier for wide set of power, manufacturing, and industrial companies to provide environmental compliance. Since that time the Company has expanded its core business into other areas from industrial air filtration, industrial contracting services, and electronics manufacturing services. The Company is headquartered in Farmingdale, NY and has around 370 employees worldwide.

Management Team
Executive Team
Saagar Govil, CEO

Saagar Govil has been with Cemtrex since 2008 and has been the Company's Chief Executive Officer and President since December 2011. He was recently named #17 on Business Insider’s “Top 100 of Silicon Alley” and “Top 40 Under 40” by Stony Brook University. Prior to becoming the CEO, he was Vice President of Operations, responsible for sales, marketing, production, and engineering. He began his career as an applications engineer providing customer support on-site and designing turn-key engineered systems for various customers and projects. Saagar Govil has a B.E. in Materials Engineering from Stony Brook University, N.Y.

Renato Delrama, CFO

Renato Dela Rama has been Chief Financial Officer of Cemtrex since December 2004. Prior to that, he worked in various accounting , banking and financial management positions. Mr. Dela Rama holds a B.S. degree in Business Administration with an Accounting major, with a Master’s in Business Administration and Certified Public Accountant (Foreign country).

Board of Directors
Aron Govil, Director

Raju Panjwani, Director

Raju is an accomplished executive with over 35 years of experience, including 20 years on Wall Street, and 20 years as an entrepreneur and business builder. Raju was a Managing Director with Morgan Stanley, where he spent 18 years in several senior roles in risk management, audit, strategy and being the Chief Operating Officer and Country Head for the Firm's India office. Since leaving Morgan Stanley in 2005, Raju has considerable experience in emerging Asian markets, with a reputation built on focused execution, high integrity and strong relationships. He has excellent connectivity in US and India with a proven track record in negotiating complex joint ventures, mergers & acquisitions, and capital raises, particularly within the technology sector. Raju is a CPA in New York State and spent several years with Price Waterhouse and other accounting firms prior to joining Morgan Stanley.

Shamik Shah, Director

Shamik Shah is currently a Derivatives Trader with Chicago Trading Company (“CTC”), specializing in Natural Gas futures and options. He has vast experience in various trading strategies, energy markets, electronic trading, and market making. Prior to working with CTC, he worked for a fund of funds at Rothschild providing analytics, research, and due diligence in hedge funds across multiple strategies. He is an avid investor with keen insight into stocks, options, and commodities markets. Shamik studied Finance and International Business at New York University's Stern School of Business.

Sunny Patel, Director

Sunny Patel presently serves as a manager for Three Point Capital, a premier specialty finance company. He has vast experience in loan origination and creative financing vehicles for growth companies and project financing. Before joining Three Point in 2010, Sunny was an equity derivatives trader at Group 1 Trading for several years. Sunny is an activist investor who focuses on emerging growth companies with strong fundamentals. He is CFA Level 3 candidate and graduated Cum Laude from New York University's Stern School of Business.

SOURCE: http://cemtrex.com

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