Cemtrex Named to Crain’s New York Business Fast 50 Companies
October 10 2017 - 8:45AM
Cemtrex Inc., (Nasdaq: CETX, CETXP, CETXW), a world-leading
industrial and manufacturing company, today announced
that the company was recently selected by Crain’s New York
Business as one of its “ 50 fastest-growing companies in
the New York area ” for 2017. The list honors 50 of the most
innovative firms for their winning strategies and significant
revenue growth. The magazine notes that it arrives at its annual
list by analyzing the financial statements of candidates with at
least $10 million in revenue and ranking them by their three-year
growth rate, assisted by the accounting firm Anchin, Block and
Anchin.
Cemtrex ranked #33 on this list, with
Crains citing that, “The public company's strategy has been to seek
customers in emerging economies worldwide and pockets of industry
in the U.S. that are expanding rapidly, such as the manufacturing
of medical devices and automotive electronics.” Cemtrex achieved
revenue growth of 585% from 2013 to 2016 as the Company’s sales
increased from $13.7 million to 93.7 million.
Cemtrex’s CEO, Saagar Govil, commented, “We are
honored to be recognized by Crain’s New York Business. Cemtrex has
been one of the fastest growing industrial companies over the last
several years in terms of revenue and our goal is to maintain that
trend through organic growth and an accretive M&A strategy. We
are proud to help companies like Johnson Controls, ABB, and
Schneider Electric be more efficient and make great products every
day.”
To read Crain’s New York Business findings,
please click here.
About CemtrexCemtrex, Inc.
(NASDAQ:CETX) is an international diversified industrial and
manufacturing company that provides a wide array of solutions to
meet today’s technology challenges. Cemtrex provides manufacturing
services of advanced custom engineered electronics design and
manufacturing services, comprehensive industrial services,
monitoring instruments for industrial processes and environmental
compliance, and systems for controlling particulates, hazardous
gases, emissions of Greenhouse gases, and other regulated
pollutants. The Company is also in the process of developing its
own proprietary IoT and wearable devices. For more information
about Cemtrex, please visit www.cemtrex.com.
Safe Harbor StatementThis 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.
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
investors@cemtrex.com
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