FARMINGDALE, N.Y., Feb. 8, 2007 — Cemtrex Inc. (OTC: CTEX) announced today that it has signed a strategic alliance agreement with Global Energy Advisors, a World Energy Solutions Inc. channel partner, to develop and implement Clean Development Mechanism projects, energy procurement programs, and carbon-trading initiatives.
"We will work with Global and World Energy on CDM project evaluations, PDD preparation, supply equipment and ongoing emission monitoring," said Mr. Aron Govil, CEO and president of Cemtrex. "We are very excited about closely working with our partners in advancing the growth of renewable energy resources, reducing greenhouse gas emissions by certifying, registering and trading carbon credits."
Cemtrex provides turnkey services for carbon creation projects from abatement of greenhouse gases pursuant to the Kyoto Protocol and assists project owners in buying and selling carbon credits globally. Cemtrex through its MIP division is engaged in manufacturing and selling the most advanced and custom-engineered instruments for emission monitoring. The Company's products are sold to power plants, refineries, chemical plants, cement plants and other industries, including federal and state governmental agencies.
Safe Harbor Statement
This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date.
For further information, please contact:
Cemtrex Inc.
19 Engineers Lane, Farmingdale, NY 11735
URL: ; Email: Email
(516) 816-1400
# # #