Cemtrex Receives over $13M in New Orders in its EMS Segment During Most Recent Quarter
October 03 2018 - 8:30AM
Business Wire
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading
technology and manufacturing company, announced today that the
company received over $13 million in new orders in its Electronics
Manufacturing Services (EMS) Segment during its most recent quarter
ended September 30th, 2018.
The Company’s new orders were driven primarily by customers in
wearable smart devices, medical devices, industrial technology,
automation, and measurement devices. The orders came from both new
customers and existing customers such as ERBE, ABB, and Heinzmann.
With these new orders the total EMS segment’s backlog remains over
$50M in total which puts the segment on a path toward organic
growth of 10% over the next twelve months.
Cemtrex’s Chairman and CEO, Saagar Govil, commented, “We
continue to see steady growth in our EMS segment. We have been able
to rebound from a decline in sales earlier this year with these new
bookings. With $50M in backlog this gives us a strong foundation
for us to continue growing within this segment.”
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.
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