Cemtrex Announces Share Repurchase Authorization

Marks first share buyback program in the Company’s history
 
Farmingdale, June 22, 2016 --   Cemtrex Inc. (CETX), a world leading industrial and manufacturing solutions company, announced today that its Board of Directors has approved a new share repurchase authorization for the Company’s common stock, under which the Company may repurchase up to one million of its outstanding shares over the next twelve months, depending on market conditions.
 
Under the stock repurchase program, Cemtrex may repurchase shares in open-market purchases in accordance with all applicable securities laws and regulations. The extent to which Cemtrex repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including market conditions, regulatory requirements and other corporate considerations, as determined by Cemtrex’s management team. The repurchase program may be suspended or discontinued at any time.
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Low-Cost, Low-Carbon, and Waterless Oil Sands Production One Step Closer: Acceleware Files Patent and Announces Partnership with GE

CALGARY, June 14, 2016 Acceleware Ltd. (TSX-V:AXE.V - News) announced plans to test and commercialize its patent-pending "RF XL" heating technology that has the potential to save billions of dollars in oil sands production costs while significantly reducing GHG emissions and water use.  Calgary-based Acceleware will partner with GE to develop critical power components and complete a pilot test of the disruptive new heavy oil production technology.
Acceleware's technology uses radio waves instead of steam, driving down the cost of oil sands production and lowering its environmental impact comparable to that of other global sources of crude oil. While RF XL provides a low-cost, low-carbon method to produce heavy oil and oil sands bitumen on its own, it can also improve production from existing and future SAGD projects.
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Cemtrex Completes Synergistic Acquisition of Periscope

Transaction makes Cemtrex a Top 15 company in the German electronics manufacturing services (EMS) market
 
Farmingdale, NY, June 02, 2016 -- Cemtrex Inc. (CETX), a world leading industrial and manufacturing solutions company, announced today that it has completed the previously announced acquisition of a German electronics manufacturing company, Periscope, located in northern Germany. Periscope is focused on electronic manufacturing services primarily for the major German automotive manufacturers, including Tier 1 suppliers in the industry, as well as for industries like telecommunications, industrial goods, luxury consumer products, display technology, and other industrial OEMs. Periscope has more than 35 years of industrial operating experience.  
 
Cemtrex already has a German subsidiary in the electronics manufacturing sector and with this acquisition, it will secure a broader base and larger market share in the Eurozone. With Periscope, Cemtrex becomes a leading EMS company in Germany, ranking among the top 15. 
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Nordson Corporation Reports Record Second Quarter Revenue, Operating Profit and Diluted Earnings per Share

Sales increase 9 percent from prior year’s second quarter to $438 million, inclusive of 8 percent organic growth
Operating profit grows to $102 million, a 33 percent increase compared to the prior year’s second quarter
Operating margin expands to 23 percent of sales, a 4 percentage point improvement compared to the prior year’s second quarter
GAAP diluted EPS grows to $1.23, a 54 percent increase compared to the prior year’s second quarter
Free cash flow before dividends in the quarter is $65 million
Pro-forma 12 week order rates increase 4 percent over same period a year ago
Third quarter 2016 guidance: sales expected to increase 1 to 5 percent over prior year; GAAP diluted EPS in the range of $1.25 to $1.37
 
WESTLAKE, Ohio-- Nordson Corporation (NDSN) today reported results for the second quarter of fiscal year 2016. For the quarter ending April 30, 2016, sales were $438 million, a 9 percent increase from the prior year’s second quarter. 
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Cemtrex Announces Q2 Results with Sales Increasing 32%

Adjusted Net Income up 34% in first six months of fiscal year
 
Farmingdale, NY, May 17, 2016 -- Cemtrex Inc. (CETX), a world leading industrial and manufacturing solutions company, announced its second quarter consolidated results of operations for the three months ended March 31, 2016. 
 
Net sales for the quarter up 32%
Adjusted net income for the quarter up 19%
Adjusted net income for the six months up 34%
Adjusted EBITDA for three months up 96%
 Second Quarter Highlights: 
 
Net sales for the three months ended March 31, 2016 increased by 32% to $18,908,100 from $14,330,940 for the three months ended March 31, 2015. 
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