FARMINGDALE, N.Y., Sept. 28, 2011 — Cemtrex Inc. (OTC: CTEI) announced that it has entered into an agreement to provide US$25.0 million of Green DCV products and services to an infrastructure company located in India.
The agreement is for the evaluation, design, and installation of Cemtrex's proprietary energy efficiency system, "Green Direct Control Ventilation (DCV)," for commercial and industrial facilities with Dynacon Pvt. Ltd., an India-based company, which serves businesses all throughout India. The agreement further states that the deployment of the products and services will occur over the next two years.
"This agreement marks a major milestone for us as a company, especially with a highly profitable product like Green DCV which was entirely developed in-house within the last three years," said Saagar Govil, Vice President of Cemtrex. "Despite the current economic conditions, securing this agreement has demonstrated our team's commitment and ability in acquiring new business opportunities. We are confident that with this project involving more than a hundred facilities, other large companies, both domestically and internationally, will follow suit and see the value in our energy efficiency products like Green DCV."
Cemtrex's Green DCV system, a proprietary technology, is designed to optimize indoor air quality while lowering energy consumption by up to 40% in commercial and industrial buildings. The state-of-the-art ventilation control system achieves energy savings by monitoring carbon dioxide levels and regulating the facility based upon occupancy levels.
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 environmental control products for the industry. Cemtrex also markets Green DCV, an innovative energy efficiency solution for high-quality green buildings that pays for itself in 3-5 years. 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:
Saagar Govil
Cemtrex Inc.
Email
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