Cemtrex Inc (CETX)

[Buffet1]

The Internet of Things (IoT) is the new segment of the tech sector that is expected to grow exponentially. According to a report by Grand View Research, the global IoT device management market size was pegged at USD 605.9 Million in 2016 and is expected to expand at a CAGR 28.3% over the forecast period. Major players in the IoT industry such as: Cemtrex, Inc. (NASDAQ: CETX), Oracle Corporation (NYSE: ORCL), Qualcomm Incorporated (NASDAQ: QCOM), PTC Inc. (NASDAQ: PTC), Altair Engineering Inc. (NASDAQ: ALTR), are undertaking various initiatives, such as formation of Open Mobile Alliance (OMA), for standardizing protocols. These solutions are designed to improve efficiency in manufacturing, automobile, and other industries. IoT solutions enable efficient management of devices and connected assets providing network security, authentication, and API security to users. Cemtrex, Inc.'s (NASDAQ: CETX) SmartDesk is poised to be the most advanced workstation on the market. Earlier last week Cemtrex announced breaking news that, "the showcase of its flagship smart device, the SmartDesk, at this year's Pepcom Holiday Spectacular. The event will be held Thursday, October 25, 2018 at the Metreon City View in San Francisco. Cemtrex's representatives will be on-site to assist in demonstrations of its highly anticipated SmartDesk.