FARMINGDALE, N.Y.--(BUSINESS WIRE)--Cemtrex Inc. (Nasdaq:CETX, CETXP, CETXW), a world leading technology and manufacturing company, today announced that, only two months after making its breakthrough SmartDesk available for preorder, the Company continues to receive preorders from marquee customers such as VMWare and United Airlines as well as extremely positive feedback from corporate clients who have long-term interest in the product for their organizations.
The Company has received expressions of interest, in purchasing hundreds of SmartDesk units from major airlines, world renowned universities, global engineering companies, big banks, medical centers, IT companies and other FORTUNE 500 corporations globally, who intend to place larger orders after Cemtrex has delivered on their initial small orders. Cemtrex anticipates that these larger volume orders will take place in 2019 as demand continues to ramp up and organizations make arrangements to incorporate SmartDesks into their workspaces. The Company has also received orders from people who want SmartDesks in their home office, and from businesses small and large and as diverse as logistics, engineering, interior design, accounting, gaming, coding, and consulting, from executives down to telecommuters.
“By launching the SmartDesk, we have boldly gone where no desktop PC company has gone before; SmartDesk truly has no competitor and our biggest challenge now is to keep up with the burgeoning demand,” said Cemtrex’s CEO Saagar Govil. “People are extremely enthusiastic and excited about this new breakthrough product with futuristic technology, and simply can’t wait to have it in their home or office. The annual sales of desktop computers are over 15 million units in the USA alone and we are highly confident that as more and more people find out about our SmartDesk they will want to replace their current desktop with our state of the art unit. The tremendous interest so far has validated our product and we will continue to ramp up our marketing efforts to get the word out about this fantastic product,” continued Mr. Govil.
Cemtrex’s SmartDesk is first product of its kind, designed to bring millions of Americans’ workplaces into the 21st Century. The SmartDesk has recently received positive reviews and coverage from various tech and consumer outlets, including:
- Bloomberg Markets AM
- Entrepreneur Radio
- Business Insider
- The Verge
- DesignMilk, and more.
The SmartDesk is priced between $4000 to $6500 per unit depending upon the hardware configuration. The Company provides financing options involving a 2-year payment plan. The Company will provide details on the number of in-house orders at the time of next quarterly earnings release.
For more information regarding the SmartDesk please visit https://smartestdesk.com.
Cemtrex, Inc. (NASDAQ:CETX) is the manufacturer of the SmartDesk, the world’s most advanced workstation. Cemtrex is a diversified technology company that's driving innovation in a wide range of sectors, including smart technology, virtual and augmented realities, advanced electronic systems, industrial solutions, and intelligent security systems.
Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to our new product offerings or any proposed fundraising activities. These forward-looking statements are based on management's current expectations and are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by such forward looking statements. These risks and uncertainties include, but are not limited to: operational losses and negative cash flows; any need for additional financing; market acceptance of our products; our ability to manufacture and develop effective products and solutions; indebtedness to our lenders; current and future economic conditions that may adversely affect our business and customers; potential fluctuation of our revenues and profitability from period to period which could result in our failure to meet expectations; our ability to maintain adequate levels of working capital; our ability to incentivize and retain our current senior management team and continue to attract and retain qualified scientific, technical and business personnel; our ability to expand our product offerings or to develop other new products and services; our ability to generate sales and profits from current product offerings; rapid technological changes and new technologies that could render certain of our products and services to be obsolete; competitors with significantly greater financial resources; introduction of new products and services by competitors; challenges associated with expansion into new markets; and, other factors discussed under the heading "Risk Factors" contained in our Form 10-K filed with the Securities and Exchange Commission. All information in this press release is as of the date of the release and we undertake no duty to update this information unless required by law.