Key Tronic Corp.

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…