CETXW - CETXW STOCK NEWS

Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW) has announced a strategic investment in MasterpieceVR, a leader in virtual reality content creation software. This partnership aims to enhance Cemtrex’s offerings in the Augmented and Virtual Reality market, projected to grow significantly. The investment, completed in November using existing cash, positions Cemtrex to leverage MasterpieceVR’s innovative tools, streamlining the 3D content creation process. With a focus on efficiency, the collaboration aims to meet the growing demand for 3D content in the $22 billion AR/VR market.

Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW) has announced that its subsidiary Virtual Driver Interactive (VDI) is now offering the Driving Essentials XE program on the latest gaming consoles, Sony PS5 and Microsoft Xbox Series X. This program addresses the impact of the COVID-19 pandemic on driver education, enabling teens to practice safe driving at home. Priced at $29, the program includes 10 lessons covering various driving scenarios, including inclement weather and complex traffic situations, enhancing training options for parents and teens.

Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW) has announced the acquisition of Virtual Driver Interactive (VDI), a leading provider of driver training simulation solutions, on October 23, 2020. This strategic move aims to enhance Cemtrex's augmented and virtual reality growth segment and VR training product line. VDI, known for its effective training systems with over $2 million annual revenue and 2,000 installations across the US, will help Cemtrex leverage next-generation solutions in training. The acquisition is expected to be accretive to non-GAAP earnings per share and cash flow starting Q1 FY2021.

Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW) has received a $500,000 order for upgrading a security technology system at a Tennessee corrections facility. This upgrade will enhance the existing system with over 1,000 cameras and state-of-the-art software. CEO Saagar Govil noted that this order reflects a positive outlook for their Security Technology segment, showcasing a year-on-year increase in orders. The shipment is scheduled for October 2020, and this order supports the anticipated top-line growth for Cemtrex in FY 2021 as the market continues to recover.

Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW) announced the appointment of Priscilla Popov as the new Chief Financial Officer, effective September 30, 2020. She takes over from Aron Govil, who will remain as a consultant until the end of fiscal year 2021. Popov brings over 20 years of experience in finance and accounting, having held senior positions at several notable companies. The transition comes as the company anticipates continued growth, particularly with its Vicon security technology and the upcoming launch of the SmartDesk product.

Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW) will host a virtual roadshow webinar on October 6, 2020, at 1:00 p.m. Eastern time. CEO Saagar Govil will discuss market opportunities and revenue growth strategies. Participants can join via a provided webcast link or dial-in. A replay will be available post-event until October 20, 2020. The event aims to engage investors and highlight Cemtrex's advancements in IoT, augmented reality, and artificial intelligence across multiple sectors.

Cemtrex Inc. (CETX, CETXP, CETXW) announced a $500,000 contract awarded to its subsidiary, Vicon, for its Thermal Body Temperature Measurement Camera. This advanced technology aims to aid schools in detecting elevated body temperatures and ensuring safety as they reopen post-COVID-19. The cameras will be deployed across various district schools, providing contactless temperature screenings with an accuracy of ±0.54° F. Cemtrex emphasizes that this technology will play a vital role in future epidemic management, enhancing its core business growth.

Cemtrex Inc. has announced the launch of its new Vicon Thermal Sensor models, featuring advanced surveillance solutions designed for various facilities. The VTR-3000 and VTR-6000 series offer 360-degree monitoring capabilities, with ranges of 250 meters and 500 meters respectively, ideal for private airports and large construction sites. These sensors can replace up to 8 traditional cameras, improving cost-effectiveness and operational efficiency. Enhanced features include fire detection and better image clarity, addressing critical infrastructure needs.

Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW) has been invited to the LD 500 Virtual Investor Conference from September 1-4, 2020. Chairman and CEO Saagar Govil will present and hold one-on-one meetings. The company reported fiscal nine-month revenues of $32.7 million, up 16% year-over-year, and introduced new products under its Vicon security technology brand, including a thermal camera for COVID-19 symptom detection. The SmartDesk will also be launched as a new IoT product aimed at personal workspaces.

For details on the conference, visit: LD 500 Webcast.