Cemtrex Announces Software Development of Arcadium - an Augmented Reality Experience for 7 Luxury Brands at Hudson Yards in N...
July 11 2019 - 9:10AM
- Cemtrex (Nasdaq: CETX, CETXP, CETXW), a leading technology
company, today announced it has developed for luxury brands housed
under Richemont, Arcadium - an upcoming immersive augmented reality
(AR) experience featuring seven innovative experiences. Arcadium’s
augmented reality experience is custom engineered and designed by
Cemtrex for Cartier, Jaeger-LeCoultre, Montblanc, Officine Panerai,
Piaget, Vacheron Constantin and IWC Shaffhausen. The experiences
will be unveiled in New York City’s Hudson Yards on July 11, 2019.
“We are thrilled to showcase these groundbreaking AR
experiences.” said Saagar Govil, CEO and Chairman of Cemtrex. “This
project aligns perfectly with our mission to create revolutionary
experiences through technology and gives us an amazing platform to
showcase our innovative team of designers and developers. We
believe this experience will pioneer how retail companies utilize
Augmented Reality to transcend their brands into the digital
future. We believe this project represents the first of many
opportunities to collaborate with leading brands that want to
differentiate themselves through technology for years to come.”
The Arcadium experience will tell the stories of the Richemont
Maisons – with a nod to their heritage, craftsmanship, and
creativity – in a truly modern way. Visitors will be invited to
enter the 3-D worlds of Cartier, IWC, Jaeger-Le-Coultre, Montblanc,
Panerai, Piaget, Vacheron Constantin, and Van Cleef &
Arpels.
Augmented and Virtual Realities are among of the fastest growing
business areas, which are expected to reach over $500 billion by
2025. The industries that will generate VR and AR opportunities
include: industrial design, medical diagnostics, entertainment,
sports, training simulations, productivity tools, social
experiences, manufacturing optimization, app development, tourism,
& advertising. All industries whether retail, education, social
media, healthcare or manufacturing, will experience widespread
disruption and innovation in their products and services by
utilizing VR & AR solutions to increase their profitability in
the coming decade.
The pop-up is free and open to the public from Friday, July 12
to Thursday, July 25 at The Shops & Restaurants at Hudson Yards
(4th Floor). Opening hours are 10 a.m. – 5 p.m., Monday to
Thursday, 10 a.m. – 9 p.m., Friday and Saturday, and 10 a.m. – 5
p.m. on Sundays. Advance, timed ticketing is currently available
through Eventbrite or at https://www.arcadiumhy.com/.
For a video about the Arcadium experience:
https://vimeo.com/345498388
To learn more about Cemtrex's software development services
please visit cemtrexlabs.com.
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. These risks and
uncertainties include, but are not limited to: operational losses
and negative cash flows; any need for additional financing; market
acceptance of our products; our ability to manufacture and develop
effective products and solutions; indebtedness to our lenders;
current and future economic conditions that may adversely affect
our business and customers; potential fluctuation of our revenues
and profitability from period to period which could result in our
failure to meet expectations; our ability to maintain adequate
levels of working capital; our ability to incentivize and retain
our current senior management team and continue to attract and
retain qualified scientific, technical and business personnel; our
ability to expand our product offerings or to develop other new
products and services; our ability to generate sales and profits
from current product offerings; rapid technological changes and new
technologies that could render certain of our products and services
to be obsolete; competitors with significantly greater financial
resources; introduction of new products and services by
competitors; challenges associated with expansion into new markets;
and, other factors discussed under the heading "Risk Factors"
contained in our Form 10-K filed with the Securities and Exchange
Commission. All information in this press release is as of
the date of the release and we undertake no duty to update this
information unless required by law.
- Arcadium Augmented Reality Experience
For further information, please contact:
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
investors@cemtrex.com
General Inquiries
sales@cemtrex.com
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