Cemtrex receives $3.8M for two advanced industrial services projects

Cemtrex announced it has received $3.8M in new orders through its Advanced Industrial Services, AIS, subsidiary for two projects, including a $2.2 million order for a geothermal system update for a Northeastern School District, and a $1.6 million order for the fabrication of a key component for a motion control technologies company. The Northeastern School District project includes, but is not limited to, replacing the geothermal loop system pump and drives, geothermal heat pumps, geothermal piping and valves, heat recovery units, exhaust fans, ductwork, and control systems. Work will be completed in August 2024. For the motion control technologies company fabrication order, AIS will manufacture a key component to the system that the company is delivering. The project is the second installment of this work and will commence in the first quarter of 2024, with production ending by October 2024. Details of the customers were not provided due to confidentiality agreements in place.