Flash Update: Cemtrex (CETX) Gets Big News!

Since appearing in StockNewsUnion on Oct 19th, Cemtrex (Nasdaq: CETX) has been the recipient of some good news. On November 16th, 2016 Cemtrex announced that it has been listed, for the third time, in Deloitte’s Technology Fast 500™. According to Deloitte’s website – “Deloitte’s Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth over a three-year period. The ranking is compiled from applications submitted directly to the Technology Fast 500 web site and public company database research conducted by Deloitte LLP.”

Per reports, Cemtrex has achieved 368% growth over the last four years. Yahoo!Finance reports that Centrex Chairman and CEO Saagar Govil commented ““We are delighted to be honored by Deloitte with this recognition by the 2016 Technology Fast 500™ ranking.  Our organic growth continues to be strong, as we focus on expanding niches within our overall end-markets like the automotive, medical, industrial, and wearable industries. At the same time, our acquisition strategy is designed to strengthen our position in these areas and enter additional niches that have significant growth prospects.”

In other news that may benefit Cemtrex, on November 2, 2016 China announced that it will put in place a carbon cap-and-trade program that could double the global carbon trade market that figures so prominently into Cemtrex’s future business plans. Sources on the street say that shareholders of CETX are excited about this news. Cemtrex owns proprietary technology under the trademark MCDR. This technology economically destroys methane gas and, at the same time, generates carbon credits for the user. Cemtrex claims that the $2 million cost can be recouped by a licensee within four years.

Lastly, Centrex is said to have entered into an acquisition agreement to purchase a Silicon Valley based electronics manufacturing firm. Cemtrex’s pending acquisition of the manufacturer is considered a strategic milestone in the history of the firm by Cemtrex management.

CETX closed at $4.30 as of close on November 17, 2016.

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