Cemtrex Inc.

No. 257: Kids at work, cereal milk and crack pie, doing the math and selling Dylan’s guitar

A happy end of the week: Welcome once again to Friday, dear readers. While many of you are enjoying the start of a three-day weekend, please remember that doesn’t excuse you from sending complaints, compliments and hot story tips to editor@innovateli.com. Some of the best Innovate LI content this week came from our inbox. Who’s next? Day trader: It’s Nov 10, and that’s swell, but let’s skip ahead a day for a few interesting Veteran’s…


No. 256: Historic places, earning potential, winning students and will.i.am doing customer service

Good day, comrades: Take a bow this Nov. 8, dear readers, if you were around 100 years ago today, when Lenin, Trotsky and Stalin took over following Russia’s October Revolution of 1917. (Just, you know … bow carefully.) Welcome new readers Ted, Joseph, Diane and Daniel, and please share your thoughts at editor@innovateli.com. Story tips, corrections and back-pats gratefully accepted. Shed no tiers for them: Heartfelt congratulations to our friends at Uniondale law firm Farrell…


Cemtrex closes in on key VR software acquisition

By GREGORY ZELLER // Reality check: A Farmingdale-based tech firm is reinforcing a lucrative virtual vertical with a big push into VR. International tech manufacturer and distributor Cemtrex Inc. announced Monday that it has signed a letter of intent to acquire a New York City-based virtual-reality software-development firm. While it has revealed some clues as to the target company’s identity – it was founded in 2010, employs more than 30 programmers and boasts annual sales…


Following acquisition, global gains for Cemtrex

Thanks in part to a key international acquisition, Cemtrex Inc. surged through the third quarter of its 2016 fiscal year – the second straight three-month stretch featuring huge sales and income gains for the Farmingdale-based industrial manufacturer. Reporting Monday the quarter ended June 30, the global supplier of custom-engineered electronics, environmental monitoring/control products and industrial contracting services reported a 69 percent increase in sales compared to 3Q FY2015, rising to $24.7 million. Cemtrex also recorded an impressive…