Cemtrex Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication Program
September 01 2020 - 9:00AM
— Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a technology
company driving innovation in Internet of Things (IoT), security,
machine vision & artificial intelligence, and augmented &
virtual reality, has engaged international investor relations
specialists MZ Group (MZ) to lead a comprehensive strategic
investor relations and financial communications program across all
key markets.
MZ Group will work closely with Cemtrex
management to develop and implement a comprehensive capital markets
strategy designed to increase the Company’s visibility throughout
the investment community. The campaign will highlight how Cemtrex
is delivering cutting-edge experience-focused technology for both
consumers and the world’s largest businesses. Cemtrex recently
reported fiscal nine month revenues of $32.7 million, up 16% year
over year, introduced several new products under its Vicon security
technology brand, including a thermal camera for assisting in the
detection of COVID-19 symptoms and in the fall of 2020 the company
is introducing its next generation SmartDesk – a disruptive entrant
into the personal workspace segment.
MZ has developed a distinguished reputation as a
premier resource for institutional investors, brokers, analysts and
private investors. The firm maintains offices worldwide and was
recently ranked No. 7 in the world in business communication.
Chris Tyson, Executive Vice President at MZ
North America, will advise Cemtrex in all facets of corporate and
financial communications, including the coordination of roadshows
and investment conferences across key cities and building brand
awareness with financial and social media outlets.
Ted Haberfield, Chairman & President of MZ
Group North America, commented: “Over the past several years
Cemtrex has leveraged its core Internet of Things (IoT) and
Security Technology verticals to grow into additional high tech
areas including Augmented Reality (AR), Virtual Reality (VR),
Artificial Intelligence and Machine Vision. These leading
technologies are set to thrive as we see increasingly aggressive
adoption of Cemtrex’s products aimed at both consumers, businesses
and government. The company is well-positioned to grow the value of
its technology as it continues to develop new products that are
meeting the next generation demands of customers. We find the
valuation disconnect at Cemtrex to be an exciting opportunity for
investors and look forward to sharing this with our network of
institutional investors and family offices.”
Chris Tyson added: “Cemtrex is delivering its
cutting-edge products like its SmartDesk to a base of customers
that includes work from home consumers to Fortune 500 companies. A
new SmartDesk slated for release later this year that will be the
ideal solution for many workers at their home office as we see
substantial growth in this market given the new COVID-19
environment that has forever changed business workflows from
physical to virtual. Its Security Technology division has installed
state of the art cameras and video management systems with Federal,
Local and State governments, companies, healthcare institutions,
K-12 schools and universities, and corrections facilities.
Cemtrex’s R&D is now focusing on developing comprehensive
enterprise artificial intelligence-based machine vision technology
for security applications set to launch next year. The company is
delivering experience-focused technology to a diverse and growing
portfolio of customers. We look forward to working with management
to communicate the immense value proposition Cemtrex encompasses
based on its strong revenue and gross margin profiles combined with
positive EBITDA operations on the horizon,” concluded Tyson.
“This is an important time for Cemtrex, as we
are highly focused on executing our development roadmap consisting
of exciting high tech products in IoT, AR & VR, as well as in
Artificial Intelligence and Machine Vision over the coming 12
months,” said Saagar Govil, Chairman and CEO of Cemtrex. “We
are enabling this development with strong performance in our core
businesses, including multiple orders for several security
surveillance systems for government and commercial buildings
including correctional facilities. These placements helped drive a
40% increase in revenue year over year for our first half of 2020.
We look forward to working with Chris and the entire team at MZ
Group to communicate the benefits of our incredible technology to
the broader investment community, building long-term value for our
shareholders,” concluded Govil.
For more information on Cemtrex, please visit
the Company’s investor relations website at www.cemtrex.com. To
schedule a conference call with management, please email your
request to CETX@mzgroup.us or call Chris Tyson at 949-491-8235.
About MZ Group
MZ North America is the US division of MZ Group,
a global leader in investor relations and corporate communications.
MZ North America was founded in 1996 and provides full scale
Investor Relations to both private and public companies across all
industries. Supported by our exclusive one‐stop‐shop approach, MZ
works with top management to support the clients' business strategy
in six integrated product and service categories: 1) IR Consulting
& Outreach – full service investor relations and roadshow
services; 2) ESG Consulting – reporting technology platform and
audit and reporting guidance; 3) SPAC Advisory – providing critical
and timely guidance through business combination; 4) Financial
& Social Media – lead generation and social media relations; 5)
Market Intelligence – real time ownership monitoring; 6) Technology
Solutions – webhosting, webcasting, distribution services,
conference calls, CRM, and board portals. MZ North America has a
global footprint with offices located in New York, Chicago, San
Diego, Aliso Viejo, Austin, Minneapolis, Taipei and São Paulo.
About Cemtrex
Cemtrex, Inc. (CETX) is a leading multi-industry
technology company that is driving innovation in markets such as
Internet of Things (IoT), Augmented and Virtual Reality (AR &
VR), and Artificial Intelligence and Computer Vision (AI & CV)
in a wide range of sectors, including consumer products, industrial
manufacturing, digital applications, and intelligent security &
surveillance systems. www.cemtrex.com.
Forward-Looking Statements This press release
contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements relating to the closing of the offering, gross proceeds
from the offering, our new product offerings, expected use of
proceeds, 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.
Investor Relations
Chris Tyson
Executive Vice President – MZ North America
Direct: 949-491-8235
CETX@mzgroup.us
www.mzgroup.us
General Inquiries
sales@cemtrex.com
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