Cemtrex Receives $12 Million in New Orders
Marks highest bookings month in Company’s history
Farmingdale, NY, June 30, 2016 (GLOBE NEWSWIRE) -- Cemtrex Inc. (Nasdaq: CETX), a world leading industrial and manufacturing solutions company, announced today that it received $12 Million in new orders over the last month across all of its business operations. This marks the Company’s strongest bookings month in its history.
The new orders were from both existing and new customers to the Company. There was one important new order from a strategic new customer in the automotive industry obtained by the newly acquired electronics operation. With this customer and others, the Company sees opportunities for increasing sales over the next few years based on their current purchasing volumes. The makeup of the orders included several orders from attractive markets including automotive, packaging, industrial manufacturers, graphics, power and energy, medical devices, and others.
Cemtrex Chairman and CEO, Saagar Govil (@SaagarGovil) , commented, “We are extremely pleased to see our strategy working to build sustainable growth. Our recent acquisitions are paying off as our customers place more confidence in us and we are able to deliver more value to them. These recent orders are a new milestone for the company and truly demonstrate the compelling prospects for Cemtrex.”
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.
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 are 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.
Investor Relations Cemtrex, Inc. Phone: 631-756-9116 investors@cemtrex.com
Released June 30, 2016