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Stock impact report

Cemtrex Completes Divestiture of Non-Core Assets to Focus on Accelerating Its Vicon and AIS Brands

Cemtrex Inc. (CETX) 
Last cemtrex inc. earnings: 8/19 05:03 pm Check Earnings Report
US:NASDAQ Investor Relations: cemtrex.com/investor-relations
Company Research Source: GlobeNewswire
Building a Dominant Security Technology Brand Focused on VSaaS Solutions Leveraging AI and Cloud Technology Solutions for Commercial, Industrial, and Government Applications Monetizing the Increase in Demand for Predictive Maintenance Services and the Rise in the Complexity of Equipment Through Single Source Industrial Contractor Advanced Industrial Services (AIS) Divesting Unprofitable Operations Through the Sale of Smartdesk and VR Subsidiaries to Deliver a Strong Balance Sheet and Access to Capital Markets to Execute Growth Strategy Brooklyn, NY, Nov. 29, 2022 (GLOBE NEWSWIRE) --  Cemtrex Inc. (NASDAQ: CETX, CETXP), a technology company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, today announced that the Company has undertaken a transformative restructuring in which it has divested its Smartdesk and VR subsidiaries in order to focus exclusively on its Vicon Industries and Advanced I Show less Read more
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