FARMINGDALE, N.Y., Sept. 4, 2014 /PRNewswire/ — Cemtrex Inc.(OTCBB: CTEI) announced today that the company will be a featured presenter at the 4th Opportunity Crudes Conference on Monday, September 15, 2014 in Westin Oaks Hotel, Houston, TX.
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Gregory Shahnovsky, President of MODCON in partnership with Cemtrex will be giving a presentation on multi-variable crude oil blending using the NMR-LP enhanced technology. Cemtrex offers NMR and NIR online process analyzers to monitor a wide variety of parameters for refinery applications, which are instrumental in managing yield of products like gasoline, jet fuel, and naphtha unique value proposition and control oil refinery process to maximize profits for the facility owners.
Cemtrex's CEO, Saagar Govil said, "This conference is a great opportunity for us to showcase our innovative products for crude oil blending and analysis. Due to the rapid growth in the domestic oil & gas market we believe there is a strong demand for our products as they can help these companies reduce their operational costs and provide a high return on investment."
According to the EIA, U.S. total crude oil production averaged an estimated 8.5 million barrels per day (bbl/d) in July, the highest monthly level of production since April 1987. U.S. total crude oil production, which averaged 7.5 million bbl/d in 2013, is expected to average 8.5 million bbl/d in 2014 and 9.3 million bbl/d in 2015. The 2015 forecast represents the highest annual average level of oil production since 1972.
The 4th Opportunity Crudes Conference is a signature showcase for superior quality, under-followed public companies with less than $500 million in market capitalization. A diverse team of over 30 international technology experts and business strategists to share their experiences, present solutions, and reveal insights into the latest technologies and strategies in processing unconventional, price-advantaged crudes.
About Cemtrex, Inc.
Cemtrex, Inc. (CTEI) is a diversified technology company that provides a wide array of solutions to meet today's industrial challenges. Cemtrex, through its wholly owned subsidiaries provides electronic manufacturing services of custom engineered printed circuit board assemblies, emission monitors & instruments for industrial processes, and environmental control & air filtration systems for industries & utilities. www.cemtrex.com
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:
Saagar Govil
Cemtrex, Inc.
Phone: 631-756-9116