Cemtrex to Expand from Air Filtration to Wastewater Treatment and Bioenergy

FARMINGDALE, N.Y., June 26, 2014 /PRNewswire/  Cemtrex, Inc. (OTC: CTEI) today announced its expansion into wastewater treatment and bioenergy: As the price of purchasing and using freshwater increases, the global water and wastewater treatment equipment market grows. TechNavio s analysts forecast growth at a compound annual growth rate (CAGR) of 10.53 percent from 2012 to 2016. Additionally Global Water Markets, predicts the market for the equipment to rise by 27 percent to $255 billion over the next five years, with sludge management and energy recovery among the growing trends in the industry. Cemtrex Inc., a technology company that provides solutions to meet today’s environmental challenges, recognized an opportunity to contribute to the growth. The company recently entered into a letter of intent to purchase all the assets of a foreign wastewater treatment and bioenergy plant technology company with approximately $14 million in annual sales for 2013. Cemtrex’s Chairman and
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