Farmingdale, NY, Dec. 11, 2018 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP, CETXW), a leading global technology and manufacturing company, will host an investor webinar and live Q&A session on Tuesday, December 11, 2018 at 1 p.m. EST.
The webinar will feature a presentation by Saagar Govil, CEO of Cemtrex. Govil will provide news on the Company’s flagship IoT product, SmartDesk, the world’s most advanced workstation, with delivery of the initial orders of the SmartDesk expected in 1Q19 at prices ranging between $4,000 and $6,000 per desk, with gross margins of over 30%.
The SmartDesk is poised to disrupt the highly commoditized desktop PC market, which is worth about $80 billion. Cemtrex has received orders of SmartDesks from the City of Atlanta and United Airlines, and now has more than 800 pre-orders for the SmartDesk. The Company envisions selling 100,000 SmartDesks per year within three years.
To view the webinar, please visit https://www.redchip.com/events/35/cemtrex-webinar.
About Cemtrex
Cemtrex, Inc. (NASDAQ: CETX) is a diversified technology company driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, advanced electronic systems, industrial solutions, and intelligent security systems. Cemtrex is the manufacturer of the SmartDesk, the world’s most advanced workstation. Find Cemtrex on the web at www.cemtrex.com.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to Cemtrex’s proposed offering of securities. These forward-looking statements are based on management’s current expectations and are subject to certain risks and uncertainties, including those described in Cemtrex’s SEC periodic reports and other filings, that could cause actual results to differ materially from those set forth in or implied by such forward-looking statements. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date.