Hello Everyone,
We anticipate a busy week ahead. We are seeing things heat up right now in the small cap markets.
2 of our last 4 profiles went on to explode triple digits. This could be a sign that things are heating up heading into a Trump presidency.
I don't know if you remember what happened to the Small Caps during his first term, but the liquidity and interest were massive!
I hope we are gearing up for round two right now. Regardless, there are currently a lot of opportnities surfacing in the markets.
The next company that we want you to turn your attention to is ticker CETX.
First and foremost, the company just completed a 35-1 reverse split on the 26th of November.
This is not always a positive sign for the company but it does potentially present an opportunity.
This company has been around for a while and has been public since 1998. They have just under 350 employees.
They just nailed close to $50 Million in revenues over the last reported 9 month and $59.7Million in 2023.
The recent reverse split basically wiped the float out and the company has recently just lost a significant amount of marketcap.
We have seen some companies recently reverse after taking a bounce.
We really want to watch CETX tomorrow and the rest of the week.
Cemtrex's Advanced Industrial Services Awarded Two Contracts Totaling $6.7 Million from Derry Township Municipal Authority
Project Supports Innovative Biosolids Management Program to Generate Sustainable Fertilizer
Brooklyn, NY, Dec. 09, 2024 (GLOBE NEWSWIRE) -- - Cemtrex Inc. (NASDAQ: CETX, CETXP), an advanced security technology and industrial services company, today announced it has been awarded two project contracts totaling $6.7 million through its Advanced Industrial Services ("AIS") subsidiary. The contracts are for upgrades at the Clearwater Road Wastewater Treatment Facility in Derry Township, Pennsylvania, managed through the Derry Township Municipal Authority (DTMA).
The Clearwater Road Wastewater Treatment Facility, operational since 1977, has a treatment capacity of 5.02 million gallons per day. The AIS contracts encompass a general contract and HVAC contract for the addition of a new owner-supplied gasification-drying process and ancillary processes to support the new gasification-drying process. This process is integral to the facility's innovative biosolids management program, which converts residual solids from wastewater into an exceptional quality granular fertilizer.
The project is expected to be completed by the calendar year end of 2025.
"Across the country, more than 16,000 wastewater treatment plants are approaching the end of their lifespans and in need of upgrades," said Saagar Govil, Chairman and CEO of Cemtrex. "Furthermore, many municipalities are implementing biosolids programs that recycle nutrients from wastewater into a high-quality fertilizer, providing environmental benefits such as reduced water use, capturing carbon dioxide, improving farm soil health – all while producing additional revenue. Taken together, cities and municipalities are primed for capital investments that replace and innovate on their current wastewater facilities. With AIS's expertise and capabilities, we believe it is well positioned to build on its pipeline of opportunities in the wastewater market and attract additional multi-million-dollar infrastructure projects that build revenue growth."
"This $6.7 million contract also highlights the success of AIS's strategic entry into the wastewater infrastructure market through its acquisition of Heisey Mechanical in 2023," Govil continued. "This acquisition significantly broadened AIS's capabilities and expanded the markets we serve. It's a testament to the value of the acquisition and AIS's ability to leverage those strengths to drive growth. As we move forward, we continue to explore new acquisition opportunities that will enable us to expand into additional markets and further accelerate our growth trajectory."
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