FARMINGDALE, N.Y., May 28 /PRNewswire-FirstCall/ — Cemtrex Inc. (OTC:
CTEI) has become an associate member of the Chicago Climate Exchange
(CCX(R)), the world’s first and North America’s only voluntary, legally
binding integrated greenhouse gas emissions reduction, registry and trading
system.
CCX is a financial institution whose objectives are to apply financial
innovation and incentives to advance social, environmental and economic
goals. CCX operates a cap-and-trade system. Members who beat the targets
have surplus allowances to sell or bank, and those who have emissions above
the targets must purchase CCX Carbon Financial Instrument contracts to
achieve compliance. Third-party verification is provided by the Financial
Industry Regulatory Authority (FINRA), which is the leading financial
regulator in the United States.
By joining the CCX, Cemtrex has further strengthened its commitment to
developing turnkey projects that allow its customers to create and monetize
carbon assets and provide consulting services on projects for generation of
Carbon credits from reduction of greenhouse gases, energy efficiency and
alternative fuels. Cemtrex will now be able to assist project owners in
trading carbon credits globally.
Cemtrex is also engaged in manufacturing and selling the most advanced
instruments for emission monitoring of particulate, opacity, mercury,
sulfur dioxide, nitrogen oxides, etc. and filtration products for the
industry. The Company’s products are sold to power plants, refineries,
chemical plants, cement plants and other industries, including federal and
state governmental agencies.
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.
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