CETXW - Cemtrex Receives $1.0 Million Contract from Pennsylvania Borough Stewartstown | Benzinga
Brooklyn, NY, Sept. 26, 2023 (GLOBE NEWSWIRE) -- – Cemtrex Inc. (NASDAQ:CETX, CETXP)), an advanced security technology and industrial services company, has received a $1.0 million order through its subsidiary, Advanced Industrial Services ("AIS"), for the Pennsylvania Stewartstown Borough Authority, Stewartstown WWTP Sludge Dewatering improvements project.
The project includes, but it not limited to, removing, and replacing the existing boiler, unit heaters, sludge pump, sludge piping, sludge belt press, removing above ground tanks, and renovating the existing boiler room. The contract extends into 2024 and is a multi-trade project in which AIS will utilize internal employees to complete more portions of the project directly rather than subcontract work due to AIS' expanded service offerings.
"This is our first project win following our acquisition of Heisey Mechanical, a leading service contractor and steel fabricator that specializes in industrial and water treatment markets," said Saagar Govil, Chairman and CEO of Cemtrex. "Now integrated with AIS, the company continues to provide the water treatment industry with a variety of fabricated vessels and equipment including ASME pressure vessels, heat exchangers, mix tanks, reactors, and other specialized fabricated equipment.
"The acquisition is enabling AIS to expand our fabrication capabilities into new markets, including government and industrial verticals, as ...