Cemtrex EMS Segment Receives $7M in New Orders with Backlog Steady at over $50M
March 12 2019 - 8:20AM
– Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world
leading technology and manufacturing company, announced today that
the company received $7M in new orders in its Electronics
Manufacturing Services (EMS) Segment in January and its
backlog remains over $50M.
The Company’s recent orders were driven primarily by customers
in wearable smart devices, medical devices, automotive technology,
automation, and measurement devices. The orders came from both new
customers and existing customers such as ERBE, ABB, and Heinzmann.
Cemtrex’s EMS segment achieved approximately $44M in revenues in CY
2018.
Cemtrex’s Chairman and CEO, Saagar Govil, commented, “Cemtrex
EMS segment’s stable backlog is providing a strong footing for
continued growth within this segment. With continued interest from
both new and existing clients, we believe we can reach our low
double digit organic revenue growth targets over the next twelve
months.”
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.
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
investors@cemtrex.com
General Inquiries
sales@cemtrex.com
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