Cemtrex (NASDAQ: CETX) shares surged more than 30% this morning on news that during the month of April the company received more than $21 million in new orders. Among the contracts placed during this period is a three-year agreement worth approximately $15 million for the company’s electronics manufacturing services business in Germany. The contract is the largest order placed with the company to date. “We are experiencing a build out of customer activity as our sales and marketing team ramps up their outreach. The activity we are seeing in our sales pipeline validates our expanded investments in sales and marketing activity over the past several months. Our plan is to continue to make investments in these areas of our business in order to take advantage of the additional bandwidth we have to grow,” chairman and CEO Saagar Govil stated in the news release.
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About Cemtrex
Cemtrex, Inc. (NASDAQ: CETX) is a diversified industrial and manufacturing company that provides a wide array of solutions to meet today’s technology challenges. Cemtrex provides manufacturing services of advanced custom engineered electronics, industrial services, monitoring instruments for industrial processes and environmental compliance, and systems for controlling particulates, hazardous gases, emissions of Greenhouse gases, and other regulated pollutants used in emissions trading globally. For more information, visit www.cemtrex.com
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