FARMINGDALE, N.Y., April 2, 2009 — Cemtrex Inc. (OTC: CTEI) announced the opening of a branch office in Mumbai, India, to provide environmental monitoring products and services for the growing power and other industries in India. The new office will enable Cemtrex to expand in its efforts to service the local market.
"By opening this office we are looking to repeat our success in delivering first-class IntiliCEMS(TM) line of Continuous Emission Monitor Systems in the U.S. and bring the product to this growing market," said Ravi Narayan, Vice President, MIP. "The decision was dictated by a growing number of requests about our products from the region. India is one of the fastest growing markets and we are very confident that having local presence will enable us to better serve our customers. We have finished hiring a stellar group of experienced engineers to operate in Mumbai, and I believe this office will continue to expand in the next year," said Mr. Narayan.
"With more than 50% of energy consumption provided by Coal, the demand for emissions monitoring in coal-fired power plants is increasing rapidly. Despite a recent slowing economy, India's energy demand continues to increase, and with their unhindered efforts to build coal-fired power plants, Cemtrex is in a great position to help companies in India meet their compliance needs," said Arun Govil, CEO of Cemtrex. "Our India operation will be focused on selling Cemtrex's environmental monitoring products to expand our foothold into the marketplace and as India adopts more energy-efficient practices we will also promote our energy-efficiency products like Green DCV in the near future. The country is expected to have an average GDP growth of 7.7% and energy demand growth of over 40%, so Cemtrex has an enormous opportunity to capitalize on India's economic proliferation," Govil continued.
About Cemtrex
Cemtrex Inc. is a worldwide market leader in manufacturing and selling the most advanced instruments for emission monitoring of particulate, opacity, mercury, sulfur dioxide, nitrogen oxides, etc. and filtration products for the industry. Cemtrex also markets Green DCV, a innovative energy efficiency solution for high-quality green building applications, through optimizing HVAC control systems. Cemtrex provides turnkey services for carbon creation projects from abatement of greenhouse gases pursuant to the Kyoto Protocol and assists project owners in the selling of carbon credits globally. 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.
Contact Information:
Arun Govil
Cemtrex Inc.
T: 631-756-9116
Email: Email
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