Cemtrex Announces Partnership Program for its Augmented Reality WorkbenchXR tool Due to Overwhelming Interest
March 19 2018 - 8:32AM
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading
technology and manufacturing company, today announced that it
is launching a new Early Access Partnership program for its
recently announced augmented and virtual reality (AR / VR)
WorkbenchXR manufacturing software that will be launched in June
2018 by CemtrexVR (www.cemtrexvr.com), a division of Cemtrex.
The Early Access Partnership Program is intended for those
organizations who are currently considering augmented reality /
virtual reality / and mixed reality (XR) solutions presently and
wish to get their hands on the product as early as possible.
Participants in the Program will be able to get a head start and
work closely with Cemtrex as it rolls out this cost saving and
productivity improvement software tool. To join the WorkbenchXR
Early Access Program please visit www.workbenchxr.com.
Cemtrex intends to charge a per headset license fee for the
product, however, the earliest adopters will receive VIP pricing.
The application will be available this summer but Early Access
participants will get priority access.
WorkbenchXR is intended to help assembly workers in
manufacturing environments utilize both 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.
WorkbenchXR can be utilized for all manufacturing industries
where various parts are being assembled including aerospace,
measurement, automotive, machinery, electronics, and many others.
Additionally, the software tool can be used in distribution
environments where object and marker tracking can be utilized to
improve the efficiency and accuracy of tracking packages and
equipment.
Cemtrex’s Chairman and CEO, Saagar Govil commented, “We see
tremendous potential for our XR software tool, WorkbenchXR, based
on the overwhelming interest received from some of the largest
manufacturing companies in the world to many distribution firms
with challenging logistics operations. We are excited to work with
these potential customers to deliver the perfect solution to
improve their operations with the most advanced augmented and
virtual reality solutions possible. The manufacturing industry
employs approximately 12.6 million workers in the United States
enabling a massive potential market for this application. Due to
the strong interest we are optimistic that CemtrexVR's WorkbenchXR
could become the leading industry standard in the VR/AR/XR
space.”
About Cemtrex
Cemtrex, 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, virtual and
augmented reality applications, 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.
For further information, please contact:
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
investors@cemtrex.com
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