Cemtrex Reports Record Month of New Incoming Orders with Over $21 Million in Orders Received in April 2017
Cemtrex Inc. (CETX)
Last cemtrex inc. earnings: 8/19 05:03 pm
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Source: GlobeNewswire
Farmingdale, NY, May 17, 2017 (GLOBE NEWSWIRE) -- Cemtrex (Nasdaq: CETX, CETXP, CETXW), a world leading industrial and manufacturing leader, announced today that it has received more than $21 million in new orders during the month of April, including contracts with PPG, Covanta, US Mint, Mitsubishi Heavy Industries and Kelvion, just to name a few. One of the orders Cemtrex secured during the period is a three year agreement estimated to be worth $15 million for Cemtrex’s electronics manufacturing services business in Germany. The order is the largest single order ever placed with the Company. The remaining orders were split approximately even between the IPS and EMS segments and are expected to be executed over the next twelve months. Cemtrex’s Chairman and CEO, Saagar Govil, commented, “We are experiencing a build out of customer activity as our sales and marketing team ramps up their outreach. The activity we are seeing in our sales pipeline validates our expanded investments
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