LIVERPOOL, N.Y., Oct. 1, 2014 /PRNewswire/ — Griffin Filters, a subsidiary of Cemtrex Inc., announced today that they have seen a growing demand for industrial air filtration directly attributable to the oil and gas boom currently taking place in the United States due to hydraulic fracturing technologies.
Photo – http://photos.prnewswire.com/prnh/20140930/149475
Some studies estimate that the Hydraulic Fracturing proppants industry will continue to grow at 8-9% per year. According to a Morningstar report, the United States is still by far the largest supplier of premium sand with 30 million tons currently used per year and 3.5 million tons in Canada with the market expecting double-digit growth in 2014. The growing demand for silica sand and proppants has resulted in supply shortages and logistical challenges.
The processing of the frac sand results in air pollution, including post wash drying of the sand, screening, loading and unloading of railcars, barges and trucks. The silica and fugitive dust particulate emissions are controlled by the high efficiency proprietary baghouse filters which Griffin Filters provides for maximum control. Griffin bag filters decrease safety concerns for the operators of the frac sand trucks through elimination of dusty, hazardous breathing conditions. Griffin Filters has seen that the frac sand mining industry along with the logistics trans-load points as a major growth area for its baghouse filters.
CEO of Griffin Filters, Saagar Govil, commented, "After receiving several significant orders and now with increasing inquiries in this market we see this as a strong market for the next few years as the oil & gas boom continues in the US. With strong relationships with many customers in this space and a considerable history of providing durable, efficient industrial air filtration systems we are confident we can grow in this space."
About Griffin Filters
Griffin Filters (www.griffinfilters.com) is a wholly owned subsidiary of Cemtrex Inc. (www.cemtrex.com) (OTC: CTEI) and has been a leader in fabric filter dust collection and other environmental control products for over 50 years. Griffin has installed over 25,000 dust collectors worldwide with some of the largest major fortune 500 companies. It offers shaker-style filters for the concrete, aggregate and construction industries and custom engineered pulse jet filters for a wide variety of industries such as cement, plastics, chemical, power, steel, food and minerals. Griffin offers an unusually large selection of standard models which gives it the ability to match the widest range of application needs whether solids processing, product recovery or air pollution control.
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:
Griffin Filters
Contact: Saagar Govil
Phone: 631-756-9116
Business information: info@griffinfilters.com
Investor Information: investors@cemtrex.com