Cemtrex Receives $2,000,000 in New Orders in Advanced Technologies Segment

Farmingdale, New York, UNITED STATES

Brooklyn, NY, March 17, 2020 (GLOBE NEWSWIRE) --  – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading technology company, announced today that the company received new orders totaling over $2,000,000 in its Advanced Technology segment over the last 30 days.

The Company received multiple orders for several security surveillance systems for government and commercial buildings including correctional facilities. The orders were also for software development services for web, mobile, enterprise, and virtual reality applications with all new customers. The Company expects to fulfill these new orders in the next quarter.  The orders represent an increase in demand overall for the Company’s products and services in its Advanced Technologies segment on a year over year basis for the period.

Cemtrex's CEO, Saagar Govil, commented, "We are continuing to see demand for our products and services despite the challenges from COVID-19 as our business offers products and services that are essential for companies over the long term. We expect the disruption to our operations to be minimal as much of our workforce is able to work remotely. The next four weeks may be challenging to deliver products to customers as some are closing their doors through mid-April, but our pipeline and backlog remains largely intact."

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.

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