Tuesday, August 15, 2017 11:47:40 AM
Farmingdale, NY, Aug. 15, 2017 (GLOBE NEWSWIRE) — Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading industrial and manufacturing company, today announced the appointment of Joe Novelli to VP of Cemtrex Advanced Technologies Inc., to pursue the development and commercialization of proprietary and collaborative Internet of Things (“IoT”) and wearable technology products.
Cemtrex’s Chairman and CEO Saagar Govil commented, “Joe provides us with a deep skillset in product development and commercial market experience that we need in order to successfully bring the technologies our team has envisioned to fruition. He has a proven track record of bringing cutting edge products to market effectively for some of the leading companies in the consumer technology market. I am confident that with Joe’s guidance, we are on the right path to successfully launch our proprietary technologies into the market.”
For more than 20 years, Novelli has held numerous positions at Sony Electronics and Sharp as a developer of new products and market opportunities for a broad line of electronic products. Prior to joining Cemtrex, Novelli was VP of Solutions Planning for Sony’s Digital Paper Solutions division. Under his leadership, Sony developed and launched an advanced new tablet called Digital Paper, offering a realistic paper like screen for reading and annotation of documents. Novelli was also VP of Strategic Product Planning for Sony Audio products, as well as VP of Wireless Platform in Sony’s Digital Reading Business Division, where he developed Sony’s flagship ebook reader and ebook service.
“It is exciting to join Cemtrex at this stage in the Company’s history, as the company looks to expand its activities to develop proprietary technologies. The size of the Company will allow us to be nimble and aggressive when addressing opportunities and challenges as they are presented,” stated Novelli. “I look forward to working with the team on developing some of the product concepts they are already working on. The IoT and Wearable markets are rapidly growing areas and I believe Cemtrex is in an ideal position to be competitive in such markets. The addressable markets for these products are significant, as they offer broad commercial and consumer appeal.”
The Cemtrex Advanced Technology subsidiary is leveraging the Company’s existing design and engineering experience in developing advanced electronic products for third parties to develop new products and solutions, both proprietary and in partnership with other companies, for IoT and wearable applications. The Company plans to pursue collaborative partnerships with OEMs that are looking to incorporate intelligence and connectivity into their everyday products such as: furniture, consumer wearables, industrial safety wearables, and other consumer devices. Cemtrex will look to focus on developing systems, hardware solutions for both consumer and industry applications, and software solutions.
About Cemtrex
Cemtrex, Inc. (NASDAQ:CETX) is a world leading diversified industrial and manufacturing company that provides a wide array of solutions to meet today’s technology challenges. Cemtrex provides manufacturing services of advanced custom engineered electronics, industrial services, monitoring instruments for industrial processes and environmental compliance, and systems for controlling particulates, hazardous gases, emissions of Greenhouse gases, and other regulated pollutants. The Company also develops its own proprietary IoT and wearable devices.
www.cemtrex.com
Recent CETX News
- Cemtrex Reports Third Quarter 2024 Financial Results • GlobeNewswire Inc. • 08/14/2024 08:10:00 PM
- Cemtrex to Host Fiscal Third Quarter 2024 Financial Results Conference Call on Wednesday, August 14, 2024 at 5:00 p.m. Eastern Time • GlobeNewswire Inc. • 08/09/2024 01:00:00 PM
- Cemtrex Reports Second Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/14/2024 08:15:00 PM
- Cemtrex to Host Fiscal Second Quarter 2024 Financial Results Conference Call on Tuesday, May 14, 2024 at 5:00 p.m. Eastern Time • GlobeNewswire Inc. • 05/09/2024 12:30:00 PM
- Cemtrex, Inc. Announces Closing of $10 Million Upsized Underwritten Public Offering • GlobeNewswire Inc. • 05/03/2024 01:50:00 PM
- Cemtrex, Inc. Announces Pricing of $10 Million Upsized Underwritten Public Offering • GlobeNewswire Inc. • 05/01/2024 12:59:00 PM
- Cemtrex’s Vicon Industries to Attend ISC West 2024 • GlobeNewswire Inc. • 04/09/2024 12:30:00 PM
- Vicon to Showcase Their New Unified Cloud Solution with Groundbreaking Face Authentication and Person of Interest Tracking at ISC West 2024 • PR Newswire (US) • 04/07/2024 11:25:00 PM
- Cemtrex’s Advanced Industrial Services Secures New Orders Totaling $2.1 Million • GlobeNewswire Inc. • 03/11/2024 12:45:00 PM
- Cemtrex Announces Beta Release of Pioneering AI Gun Detection Feature • GlobeNewswire Inc. • 03/06/2024 01:45:00 PM
- Cemtrex Issues Shareholder Letter and Provides Corporate Update • GlobeNewswire Inc. • 02/28/2024 01:30:00 PM
- Cemtrex Reports First Quarter 2024 Financial Results • GlobeNewswire Inc. • 02/12/2024 09:20:00 PM
- Cemtrex to Host First Quarter 2024 Financial Results Conference Call on Monday, February 12, 2024 • GlobeNewswire Inc. • 02/09/2024 01:30:00 PM
- Cemtrex Receives $0.8 Million Additional Vicon Industries Order from School District Customer • GlobeNewswire Inc. • 02/01/2024 01:30:00 PM
- Cemtrex Receives $3.8 Million for Two Advanced Industrial Services Projects • GlobeNewswire Inc. • 01/31/2024 01:30:00 PM
- Cemtrex Inc. to Reconvene Special Meeting Of Series 1 Preferred Stock Shareholders on Friday December 29, 2023 at 12:00 pm. Eastern Time • GlobeNewswire Inc. • 12/28/2023 02:15:00 PM
- Cemtrex Reports Unaudited Fourth Quarter and Full Fiscal Year 2023 Financial Results • GlobeNewswire Inc. • 12/21/2023 09:35:00 PM
- Vicon Boosts its Unified VMS Platform by Integrating with Omnilert's AI Visual Gun Detection System • PR Newswire (US) • 12/19/2023 09:11:00 PM
- Cemtrex to Host Fourth Quarter and Full Fiscal Year 2023 Financial Results Conference Call on Thursday, December 21, 2023 • GlobeNewswire Inc. • 12/07/2023 09:15:00 PM
- Cemtrex Subsidiary, Vicon Industries, Launches Anavio, A New Cloud Based, Security Software-as-a-Service Platform For Safer, Smarter Schools • GlobeNewswire Inc. • 10/10/2023 01:00:00 PM
- Cemtrex Receives $1.0 Million Contract from Pennsylvania Borough Stewartstown • GlobeNewswire Inc. • 09/26/2023 12:30:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM