Farmingdale, NY, March 22, 2018 – Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading technology and manufacturing company, today announced that it has filed a non-provisional patent application with the US Patent and Trademark Office entitled, “Smart Desk With Gesture Detection and Control Features” relating to its upcoming Smartdesk product release. Included in the patent are 18 claims based on intellectual property developed during the past several months that the company is seeking to protect.
Cemtrex’s CEO and Chairman, Saagar Govil, commented on the announcement:
“These patent claims represent brand new technology features that are nonexistent in any personal electronic device today and will provide ease of operation and higher productivity to any user working within their home or office environment. The patents filed this week are only a fraction of the full breadth of technology we have created over the past year and we intend to continue a focus on research and development to maintain a strong pipeline of innovation. In doing this filing, we have started to create a “moat” around our upcoming flagship smart device, the Smartdesk, which will make it difficult for competitors to replicate.”
“This patent application represents a significant milestone for Cemtrex’s as it is the first patent filing in the Company’s history. With the establishment of Cemtrex Advanced Technologies in the summer of 2017, Cemtrex has pursued a strategy to develop proprietary Internet of Things (IoT), Smart Devices, and Wearable products. Pursuing intellectual property protection in the form of patents solidifies Cemtrex’s upcoming products in the planned product pipeline.”
“We are evolving Cemtrex’s business model from being largely a service-based engineering organization to include product-based technology driven segments by leveraging our competencies in manufacturing, technology, and systems engineering. Our extensive experience in these areas has given us the core knowledge to identify key new markets for growth opportunities where we feel we can competitively create the most technologically advanced products. We expect this shift will help grow organic revenues at a faster pace and help drive margin expansion over the long term.”
“Integrated into the Smartdesk are several key features that are designed around the 72” touch display area, the largest ever in a standalone personal computing device, creating the most intelligent work station experience on the market today. In order to make such a large touch display area work as best as possible we have integrated proprietary touch and touchless gestures into the product which are an important part of the patents we have filed today. More details about the specific features and gestures will be shared when we unveil the product in May.”
“We have already received inquiries for the Smartdesk from financial companies to manufacturing firms and will begin taking orders in May. We are extremely eager to share this exciting technology with the world and are looking forward to providing more details about the product in the coming weeks.”
The patent itself is not public record currently, though it will become publicly available within 18 months. In the interim, Cemtrex will be releasing new details on the SmartDesk ahead of its official release later this Spring, over the coming weeks. For more information regarding the Smartdesk please visit www.cemtrexat.com.
About Cemtrex
Cemtrex, Inc. (CETX) is a world leading multi-industry company that provides a wide array of solutions to meet today’s technology challenges. Cemtrex provides manufacturing services of advanced custom engineered electronics, extensive industrial services, integrated hardware and software solutions, virtual and augmented reality applications, monitoring instruments for industrial processes and environmental compliance, and systems for controlling particulates and other regulated pollutants. The Company also develops its own proprietary IoT and wearable devices.
www.cemtrex.com
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Safe Harbor Statement
This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date.
