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Alliance Global Partners reiterated coverage of Cemtrex with a rating of Buy and set a new price target of $2.75 from $3.50 previously
Hauppauge, NY, Feb. 05, 2026 (GLOBE NEWSWIRE) -- – Cemtrex, Inc. (NASDAQ:CETX) today announced that its Advanced Industrial Services ("AIS") subsidiary has acquired all the assets of Richland Industries ("Richland"), an industrial services and fabrication company located in Tennessee. In connection with the transaction, AIS established a new subsidiary, AIS Tennessee to acquire and operate the business and its primary facility. The acquisition extends the Company's industrial services platform into one of the fastest-growing industrial regions in the United States. The transaction represents a significant next step in AIS's multi-year evolution. Since fiscal 2022, AIS has grown from app
Hauppauge, NY, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Cemtrex, Inc. (NASDAQ:CETX, CETXP)) announced today that its wholly owned subsidiary, Advanced Industrial Services (AIS), has been awarded a mechanical contract valued at approximately $3.9 million, inclusive of approved alternates, as part of the Berks County Steam Plant Decentralization Project in Pennsylvania. The award represents a meaningful multi-year infrastructure project for AIS and adds to the company's growing portfolio of municipal and institutional mechanical work. Substantial completion for the Jail and Youth Detention facilities is scheduled for October 15, 2026, with full project completion, including the Steam Plant, expe
Hauppauge, NY, Jan. 09, 2026 (GLOBE NEWSWIRE) -- Cemtrex, Inc. (NASDAQ:CETX) (the "Company"), an advanced security technology and industrial services company, today announced that it has entered into a definitive agreement for the purchase of approximately 1,469,507 shares and / or pre funded warrants with a single institutional investor, at a purchase price of $2.722 per share, with gross proceeds to the Company expected to be $4 million to the Company. The transaction is expected to close on or about January 9, 2025, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the offering, for general corporate purposes, including worki
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Hauppauge, NY, Feb. 05, 2026 (GLOBE NEWSWIRE) -- – Cemtrex, Inc. (NASDAQ:CETX) today announced that its Advanced Industrial Services ("AIS") subsidiary has acquired all the assets of Richland Industries ("Richland"), an industrial services and fabrication company located in Tennessee. In connection with the transaction, AIS established a new subsidiary, AIS Tennessee to acquire and operate the business and its primary facility. The acquisition extends the Company's industrial services platform into one of the fastest-growing industrial regions in the United States. The transaction represents a significant next step in AIS's multi-year evolution. Since fiscal 2022, AIS has grown from app
Hauppauge, NY, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ:CETX, CETXP)), a multi-industry technology company focused on security and industrial services, today announced its financial results for the third quarter and nine months ended June 30, 2025, showing substantial improvement in revenue, margins, and profitability compared to the prior year. "Through the first nine months of fiscal 2025, Cemtrex is a stronger, more profitable, and more efficient business than it was a year ago," said Saagar Govil, Chairman and CEO. "We've grown sales nearly 20 percent, expanded gross margins by three points, and delivered a $6.6 million year-over-year swing to positive operating income.
Hauppauge, NY, July 31, 2025 (GLOBE NEWSWIRE) -- Cemtrex Inc. (NASDAQ:CETX), a technology company focused on intelligent security systems and industrial services, today announced it has acquired approximately $1 million worth of Solana (SOL) as part of a new digital asset treasury strategy, with the goal of expanding its crypto reserves to $10 million over time. "Solana is the most underappreciated layer-one blockchain in the world today," said Saagar Govil, Chairman and CEO of Cemtrex. "It's already processing more real-world transactions than every other blockchain combined, and it's not even close. With a hard-coded supply curve and no reliance on fragmented scaling solutions, we beli
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Brooklyn, NY, Dec. 01, 2022 (GLOBE NEWSWIRE) -- — Cemtrex Inc. (NASDAQ:CETX, CETXP))) subsidiary Vicon Industries, Inc., a designer and manufacturer of video surveillance and access control software, hardware and components, today announced the appointment of Shane Compton as Chief Operating Officer (COO) at Vicon Industries. An accomplished leader in the physical security industry, Compton brings over 20 years of experience as Chief Operations Officer, Chief Technology Officer, and Chief Product Officer at industry-leading companies like Costar Technologies and Pelco. During his time at these companies, he led initiatives to transform internal operations, thereby increasing profitabilit
Brooklyn, NY, Nov. 12, 2021 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ:CETX, CETXP, CETXW))), a technology company driving innovation in Internet of Things (IoT), security, machine vision & artificial intelligence, and augmented & virtual reality, today announced that it has received notification from the Nasdaq Stock Market LLC ("Nasdaq") indicating that, as a result of the Company's appointment of new independent directors, the Company has regained compliance with NASDAQ Listing Rule (Listing Rule, 5605(c)(4)) related to the audit committee requirements of its Board of Directors. The notification stated that the matter of non-compliance is now closed, and the scheduled hearing before th