Cemtrex (CETX) Sees Strong Opportunities from Progress in Paris Climate Talks
FARMINGDALE, N.Y., Dec. 11, 2015 /PRNewswire/ -- Cemtrex (NASDAQ: CETX), a diversified industrial and manufacturing leader, announced today that it sees new opportunities based on the progress of ongoing Climate Change discussions taking place in Paris, France this week. World leaders of over 190 countries both developing and leading nations have gathered at the United Nations Conference on Climate Change to address air pollution and curbing greenhouse gases. The Company's Continuous Emission Monitoring Systems (CEMS), specifically the IS 2500 Gas Analyzer, are designed to monitor greenhouse gases and other air pollutants that are emitted from conventional coal, oil, and natural gas power sources.
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The Conference objective is to achieve a legally binding and universal agreement on climate, from all the nations of the world, to be signed in 2015 and limit the global warming below 2 degrees Celsius by 2100 as compared to before the industrial era. A little more than half of global greenhouse gas emissions come from the energy and industrial production sectors.
According to Markets & Markets report the Emission Monitoring Systems Market is estimated to reach USD 2.81 Billion by 2020. Continuous Emission monitoring Systems (CEMS) is expected to account for highest market size during this forecast period. According to the report, the rise in stringent rules and regulations regarding pollution monitoring across various industries and the increasing demand for process control improvements is another factor contributing to the growth of the CEMS market.
Cemtrex's IS 2500 is a unique technology that has been designed to measure greenhouse gases in a cost effective way, making it ideal for developing countries trying to adopt greenhouse gas monitoring into their power and industrial plants. Continuous measurements would be required for facilities to disclose their greenhouse gas output and with web enabled software inbuilt into the IS 2500, it can provide online real time information for greenhouse gas emissions from the smoke stack 24/7/365.
Cemtrex's CEO, Saagar Govil, commented, "We see the cost effective monitoring of greenhouse gases as an enormous challenge for many industrial companies in developing countries. We have designed the IS 2500 with this challenge in mind and believe that with this new product we can garner a sizeable market share that will open up due to the binding commitments put forth by the Paris Climate Agreement."
About Cemtrex
Cemtrex, Inc. (NASDAQ:CETX) is a world leading 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, 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.
www.cemtrex.com
Safe Harbor Statement
This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date.
For further information, please contact:
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
Email
SOURCE Cemtrex Inc.
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