Cemtrex Announces Plans to Release VR/AR Manufacturing Assembly Tool, Workbench VR
March 06 2018 - 9:00AM
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading
industrial and manufacturing company, today announced that it
plans to release a virtual reality (VR) & augmented reality
(AR) software application, called Workbench VR, specifically for
the manufacturing industry. This proprietary application is being
developed in-house by the Company’s recently formed Cemtrex VR team
(www.cemtrexvr.com).
Workbench VR is intended to help assembly workers in
manufacturing environments utilize VR and AR headsets as well as
connected “smart tools” to assemble products faster, reduce errors,
and improve the quality assurance process. The application helps
workers assemble products using custom designed work flows created
by the team in an easy and agile manner. The application can be
utilized for all manufacturing industries where various parts are
being assembled including aerospace, measurement, automotive,
machinery, electronics, and many others.
The VR & AR software market is currently in its infancy
however it is expected to reach $215 billion by 2021 with
engineering and industrial applications expected to be about 14%,
or $30 billion, of that according to market research from
Statista.
Cemtrex’s Chairman and CEO, Saagar Govil commented, “Workbench
VR is the first VR / AR application to provide a set of tools to
the manufacturing team to assist the worker and manager to
accurately track, measure, and improve assembly operations. Due to
our extensive experience and number of customers in industrial and
manufacturing environments we see this application as the ideal
tool to continue to create more value for our clients. Our
Workbench VR application will be of immense value to any
manufacturing operation that seeks to cut costs and get an edge on
their competition.“
Cemtrex plans to release a Beta version of the product in the
summer of 2018. Companies looking to participate in the beta launch
should sign up at www.cemtrexvr.com.
About CemtrexCemtrex, Inc. (NASDAQ:CETX) is a
world leading multi-industry company that provides a wide array of
solutions to meet today's technology challenges. Cemtrex provides
manufacturing services of advanced custom engineered electronics,
extensive industrial services, integrated hardware and software
solutions, monitoring instruments for industrial processes and
environmental compliance, and systems for controlling particulates
and other regulated pollutants. The Company also develops its own
proprietary IoT and wearable devices.www.cemtrex.com
Safe Harbor Statement This 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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