Cemtrex Inc. (CETX), a leading multi-industry technology company that is driving innovation in a wide range of consumer and commercial sectors, announced today that it has acquired two properties it had been leasing for its industrial segment business located in the York, PA area. Cemtrex, Inc. (NASDAQ; CETX) is a diversified technology company that is driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, advanced electronic systems, industrial solutions, and intelligent security systems. 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.
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading technology company, announced today that the company received a new order over $700,000 in its Advanced Technology segment. The Company’s new order was for several municipal buildings including correctional facilities located in the Southern United States.
Brooklyn, NY, Oct. 23, 2019 (GLOBE NEWSWIRE) -- – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading technology company, announced today that the company received over $1.5M in new orders in its Advanced Technology segment. The Company’s new orders were driven primarily by a large government agency customer responsible for US border security. The orders were for video surveillance equipment, including software and hardware, that the Company markets through its Advanced Technology segment and are expected to be fulfilled this quarter.
Brooklyn, NY, May 14, 2020 (GLOBE NEWSWIRE) -- – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of commercial sectors such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV) announced its financial results for the quarter ending March 31st, 2020. Gross profit increased in the six months ended March 31, 2020, compared to the six months ended March 31, 2019 due to a shift by management in the last fiscal year to focus on products with higher gross margins.
New York, NY, Jan. 14, 2020 (GLOBE NEWSWIRE) -- Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of consumer and commercial sectors, announced its financial results for the fiscal year ending September 30, 2019. Sales: Total revenue for the years ended September 30, 2019 and 2018 was $39,265,041 and $22,641,417, respectively, an increase of $16,623,624, or 73%. Total revenue for the fiscal year increased, as compared to total revenue in the same period last year, due to the consolidation of Vicon Industries, Inc., sales and other increases in the Advanced Technology Segment.
Brooklyn, NY, March 17, 2020 (GLOBE NEWSWIRE) -- – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading technology company, announced today that the company received new orders totaling over $2,000,000 in its Advanced Technology segment over the last 30 days. The Company received multiple orders for several security surveillance systems for government and commercial buildings including correctional facilities. The orders were also for software development services for web, mobile, enterprise, and virtual reality applications with all new customers.
New York, NY, Aug. 22, 2019 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading global technology company, announced today that it has completed the sale of its EMS business, ROB Cemtrex. ROB Cemtrex provides end to end electronic manufacturing services, which includes product design and sustaining engineering services, printed circuit board assembly and production, cabling and wire harnessing, systems integration, comprehensive testing services and completely assembled electronic products. Cemtrex’s CEO and Chairman, Saagar Govil, commented, “The sale of ROB represents an important step in successfully delivering our strategy.
Cemtrex Inc. (Nasdaq: CETX, CETXW, CETXP), a leading global technology company, announced its second quarter consolidated results of operations for the three and six months ended June 30, 2019. Total revenue for the three months ended June 30, 2019 and 2018 was $22,452,050 and $19,164,314, respectively, an increase of $3,287,736, or 17%. Total revenue in the second quarter increased, as compared to total revenue in the same period last year, primarily due to new revenues in the Advanced Technologies Segment. Gross Profit for the three months ended June 30, 2019 was $8,571,576 or 38% of revenues as compared to gross profit of $7,263,415 or 38% of revenues for the three months ended June 30, 2018.
Brooklyn, NY, Feb. 21, 2020 (GLOBE NEWSWIRE) -- - Cemtrex (Nasdaq: CETX, CETXP, CETXW) announced today that it has received over $300,000 in new orders for the development of virtual reality (VR) and augmented reality (AR) applications, representing a 500% increase in the current quarter to date from the prior year. The orders were from 3 different customers and the Company expects to execute these orders over the next five months. The Company expects to close an additional $300,000 in new orders for virtual and augmented reality application development in the current quarter with multiple new customers based on the current sales pipeline for a total of $600,000 in FY Q2.
New York, NY, Sept. 04, 2019 (GLOBE NEWSWIRE) -- – Cemtrex Inc., (CETX, CETXP, CETXW) will be presenting at the RHK Capital 4th Annual Disruptive Growth Conference in on Thursday September 5th, 2019 at 2:00 pm EST. The Conference will be held at 599 Lexington Avenue, 22nd floor, New York, NY. Cemtrex’s Chairman and CEO, Saagar Govil, will be making the presentation and discussing the Company’s recent developments such as the sale of the Company’s EMS segment and other growth opportunities.
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Long Island City, NY, July 30, 2019 (GLOBE NEWSWIRE) -- - Cemtrex today announced that their subsidiary, CemtrexLabs (cemtrexlabs.com), has been ranked as one of the world’s top small business web developers by Clutch, one of the world’s largest B2B ratings and reviews sites in the world. CemtrexLabs delivers cutting edge technology solutions to help businesses grow through digital transformations, mobile experiences and technological innovation. CemtrexLabs has served hundreds of companies, ranging from small businesses to globally recognized brands, delivering a wide-range of technologies from augmented and virtual reality experiences, mobile apps, websites and business-critical web portals.
Brooklyn, NY, May 18, 2020 (GLOBE NEWSWIRE) -- – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of commercial sectors such as Internet of Things (IoT), Augmented and Virtual Reality (AR & VR), and Artificial Intelligence and Computer Vision (AI & CV), announced today that the U.S. Patent and Trademark Office (USPTO) has granted the company its first patent for Cemtrex’s revolutionary and groundbreaking IoT product, the SmartDesk, which increases productivity and modernizes the personal workspace. The Company had developed this unique and unparalleled SmartDesk through its own internal research and development and limited resources over a period of eighteen months.
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a leading multi-industry technology company that is driving innovation in a wide range of consumer and commercial sectors, announced its financial results for the quarter ending December 31st, 2019 by reporting an operating income of $118,943, EBITDA of $909,162 and an increase of 114% in sales. Sales: Total Revenue for the three months ended December 31, 2019 and 2018 was $12,220,083 and $5,717,589, respectively, an increase of $6,502,494, or 114%.
Brooklyn, NY, May 13, 2020 (GLOBE NEWSWIRE) -- - Cemtrex (Nasdaq: CETX, CETXP, CETXW) announced today that it has received an order from VF Corporation (VFC) to build a virtual reality (VR) application. The VR application is aimed for corporate and third party use around creating better retail experiences for customers. The application also provides training solutions for VF Corp’s employees and its retail partners.
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New York, NY, Jan. 16, 2020 (GLOBE NEWSWIRE) -- – Cemtrex Inc. (CETX), a leading multi-industry technology company that is driving innovation in a wide range of consumer and commercial sectors, announced today that its Board of Directors has approved a new share repurchase authorization for the Company’s common stock, and series 1 preferred stock, under which the Company may repurchase up to two million of its outstanding shares of each class, over three years, depending on market conditions. Under the stock repurchase program, the Company intends to repurchase shares through open market purchases, privately-negotiated transactions, block purchases or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Exchange Act. Cemtrex is a diversified technology company that is driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, advanced electronic systems, industrial solutions, and intelligent security systems.
Brooklyn, NY, Feb. 10, 2020 -- - Cemtrex (Nasdaq: CETX) announced today that WordPress VIP, the leading provider of enterprise WordPress, has added CemtrexLabs, to its.
Brooklyn, NY, Feb. 05, 2020 (GLOBE NEWSWIRE) -- - Cemtrex (CETX) today announced it has developed for its customer, luxury retailer Cartier, a fully immersive virtual reality (VR) training application. The application is designed to train new and existing retail employees on how to manage complex and potentially unsafe situations in Cartier’s retail locations. The VR training application is a more effective way to train employees that forward-thinking companies are starting to adopt.