FARMINGDALE, N.Y., Dec. 15, 2009 — Cemtrex Inc. (OTC: CTEI) announced that Xcel Energy of Colorado shall give a 20% rebate to customers who install Cemtrex's Green DCV equipment as part of the energy management system in their buildings.
"Our Green DCV system provides over 40% cost savings in the electric bill, and now with this additional 20% rebate, the payback period is substantially reduced," said Mr. Arun Govil, CEO & President of Cemtrex. "We are working with several utilities nationwide to set up a similar rebate program which would create additional incentives for increased sales of our Green DCV equipment in commercial buildings," continued Mr. Govil.
Cemtrex's Green DCV system uses carbon dioxide (CO2) sensors to monitor CO2 levels inside a building and then regulate the air handling system to save energy and improve air quality. Cemtrex Green DCV can provide up to 40% energy savings in buildings where occupancy fluctuates during a 24-hour period, such as: office buildings, government facilities, shopping malls, movie theaters, restaurants, and schools.
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, an innovative energy efficiency solution for high-quality green building applications, through optimizing HVAC control systems. Cemtrex provides technologies and services for abatement of greenhouse gases pursuant to the Kyoto protocol and assists customers in creating and selling carbon credits from such projects. 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.
Contact: Arun Govil
Email: Email
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