Cemtrex issues shareholder update from CEO Saagar Govil

Cemtrex (CETX) issued a shareholder update from Chairman and CEO Saagar Govil outlining the Company’s progress across its core divisions and strategic roadmap for long-term growth: “Cemtrex today is stronger, sharper, and more focused than at any point in the last several years. We’ve been building deliberately investing in the right products, winning critical contracts, and executing a strategy that positions us to lead where the world is heading…. This year, Vicon has delivered: $1.2M U.S. county security project, $1.2M U.S. border security contract, $1M international deployment in Saudi Arabia, $800K system for a UK prison facility, $10.4M contract in December 2024-the largest in our history. These are not pipeline projections-they’re closed deals. Vicon is performing in the market, and we are scaling it with intention… AIS has quietly doubled in size since 2021, with revenue on track to exceed $36 million this year. Demand from food and beverage, packaging, and machinery sectors remains strong, and reshoring trends are creating more opportunity for our services… To that end, we are in advanced discussions to acquire a Midwest-based robotics integrator… We have doubled the business over the last four years. Now, we intend to double again…. We’re also evaluating opportunities to expand beyond our current two operating segments. As adjacent markets evolve and strategic opportunities emerge, we remain open to adding a third leg to the Cemtrex platform-one that aligns with our operating philosophy and long-term growth thesis.”