Cemtrex Receives $1.5M in New Security Related Orders for Border Control
October 23 2019 - 8:45AM
– Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world
leading technology company, announced today that the company
received over $1.5M in new orders in its Advanced Technology
segment.
The Company’s new orders were driven primarily by a large
government agency customer responsible for US border security. The
orders were for video surveillance equipment, including software
and hardware, that the Company markets through its Advanced
Technology segment and are expected to be fulfilled this quarter.
The Company expects that as border security remains a hot button
issue, the potential for multiple additional orders of similar size
exists over the next 24 months.
About Cemtrex Cemtrex, Inc. (CETX) is a
diversified technology company that's driving innovation in a wide
range of sectors, including smart technology, virtual and augmented
realities, digital technology solutions, 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. These risks and uncertainties are 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.
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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