Nolan’s Notes: Looking Deep Into the Future With X-ray
Knocking Down the Bone Pile: Basics of Component Lead Tinning
Standard of Excellence: Anticipating Customer Needs Early and Often
Cemtrex Sets Up Subsidiary to Develop IoT, Wearables Products
July 14, 2017 | Cemtrex Inc.Estimated reading time: 1 minute
Cemtrex Inc. has established a new subsidiary, Cemtrex Advanced Technologies Inc., to pursue both organic and inorganic growth opportunities in the Internet of Things (IoT) and wearables markets.
Through its new subsidiary, Cemtrex is leveraging its existing design and engineering experience in developing advanced electronic products for third parties to create its own proprietary products and solutions for IoT applications. The Company plans to pursue collaborative partnerships with OEMs that are looking to incorporate intelligence and connectivity into their everyday products such as: furniture, consumer wearables, industrial safety wearables, and other enterprise and consumer devices. Cemtrex will look to focus on developing systems, hardware solutions for both consumer and industry applications, and software applications.
According to a recent Business Insider report, there will be 34 billion devices connected to the Internet by 2020, up from 10 billion in 2015, where IoT devices will account for 24 billion. The report estimates that nearly $6 trillion will be spent on IoT solutions over the next five years. Not only will the number of electronics increase, but the density of electronics per device will also be increasing substantially.
Cemtrex Chairman and CEO Saagar Govil commented, "As we have expanded Cemtrex's operations to exceed $100 million in revenues over the last twelve months, we have developed a new roadmap to reach our next milestone of $500 million in revenue. Our goal is to continue broadening the capabilities and breadth of the Company. We plan to develop proprietary technology, as well as work in collaboration with industry leaders to develop next generation connected intelligent products. We see this as an inflection point of the Company as we prepare for the next phase of growth over the next five years."
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, 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.
Share on:
Suggested Items
Tata Electronics Appoints KC Ang as President and Head of Tata Semiconductor Manufacturing
04/03/2025 | PRNewswireTata Electronics Private Limited, a pioneer in the Indian electronics and semiconductor manufacturing sector, announced the appointment of KC Ang as President and Head of its Foundry business - Tata Semiconductor Manufacturing Private Limited reporting to Dr. Randhir Thakur, CEO & MD of Tata Electronics.
Statement from IPC on ‘Liberation Day’ Pressing for Domestic Manufacturing Strategy
04/03/2025 | IPCIPC, a global electronics association dedicated to furthering the competitive excellence and financial success of more than 3,200 members, shared the following statement today on U.S. tariffs and their implications on the global electronics industry. It can be attributed to Richard Cappetto, IPC senior director of North American government affairs:
My Top 10 Highlights from IPC APEX EXPO 2025
04/03/2025 | Chris Mitchell, IPC VP, Global Government RelationsEvery year, I am reminded what an exciting and fast-paced whirlwind IPC APEX EXPO is—the friends you run into, the new people you meet, the innovations you encounter, and the fascinating discussions you dive into. It’s certainly true that our industry is driven by searchers and problem-solvers, creating endless opportunities at APEX EXPO to connect, collaborate, and shape the future.
IPC Releases March 2025 Global Sentiment of the Electronics Manufacturing Supply Chain Report
04/02/2025 | IPCThis past March, electronics industry demand strengthened to its highest level in nearly a year, indicating strong expansion in customer and manufacturing activity according to IPC’s [IPC-Current-Sentimen-Global-EMSChain0525.pdf] March Sentiment of the Global Electronics Manufacturing Supply Chain Report.
STMicroelectronics, Innoscience Sign GaN Technology Development and Manufacturing Agreement
04/02/2025 | STMicroelectronicsSTMicroelectronics, a global semiconductor leader serving customers across the spectrum of electronics applications, and Innoscience, the world leader in 8” GaN-on-Si (gallium nitride on silicon) high-performance low-cost manufacturing, announce the signature of an agreement on GaN technology development and manufacturing, leveraging the strengths of each company to enhance GaN power solutions and supply chain resilience.