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Industrial Goods Stocks Embrace Technological Advances While Seeking Steady Streams of Revenue Generation for 2017


News provided by

MarketNewsUpdates.com

20 Jan, 2017, 14:00 GMT

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PALM BEACH, Florida, January 20, 2017 /PRNewswire/ --

Technology advancements are poised to revolutionize the manufacturing world in 2017 as the world turns the page towards a new era and companies aim to leverage enhanced technology into increased profits with efficiency on the upswing. Considering advancements in next-generation technologies are continuing to flourish, Companies seeking to explore innovation and opportunity include:  Cemtrex Inc. (NASDAQ: CETX), General Electric Company (NYSE: GE), Ballard Power Systems (NASDAQ: BLDP), Owens Corning (NYSE: OC) and Pentair plc (NYSE: PNR)

Cemtrex Inc. (NASDAQ: CETX), a world leading industrial and manufacturing solutions company announced today that the company is planning to set up a state of the art instruments & electronics manufacturing facility in India in order to serve the growing demand for process instrumentation in Asia and other parts of the world. Cemtrex believes that with access to low cost manufacturing the Company will be able to increase its market share, and maintain its competitive advantage as a low cost provider in the market.

Cemtrex plans to establish this facility in the next 12 months. The Company is also looking forward to taking advantage of the government incentives offered by the "Make in India" program which will offset some of the upfront costs for the Company. The Indian government has announced scheme of incentives for manufacturing of electronics including 25% capital subsidy for 10 years on capital expenditure, reimbursement of central and state duties, and income tax exemptions on setting up in special economic zones, assistance in skill development etc.   Read this and more news for Cemtrex at: http://marketnewsupdates.com/news/cetx.html

Cemtrex's Chairman and CEO, Saagar Govil, commented, "This new manufacturing facility will allow us to improve our profit margins on our IS 2500 emission monitor and increase market share through in-stock deliveries." Mr. Govil continued, "We have long term plans of building a suite of products and this manufacturing plant will set the stage for our long term success in markets globally."

In other Industrial Goods Sector developments in the market: 

General Electric Company (NYSE: GE) announced this week that it has secured more than $1.4 billion in orders from Iraq's Ministry of Electricity to set up power plants as well as provide technology upgrades and maintenance services. The announcement further strengthens GE's collaborations in Iraq to support the country's power infrastructure and meet the growing need for electricity. GE signed agreements that will add over two gigawatts (GW) of power and secure the delivery of ~1.75 GW of existing power to the national grid.

Ballard Power Systems (NASDAQ: BLDP) announced this month that it is the first fuel cell company to power buses for more than 10 million cumulative kilometers (6.2 million miles) of revenue service, equivalent to circling the Earth 250 times at the equator.  This fuel cell industry milestone has been achieved across the company's seven generations of its FCveloCity® fuel cell engine, which have been deployed in buses in 15 countries on 5 continents during the past 10 years. Over this period Ballard has worked with 13 bus manufacturers to develop a variety of fuel cell bus configurations that have been deployed in a wide range of climatic conditions and operated under a host of demanding duty cycles.

Owens Corning (NYSE: OC) is scheduled to announce fourth-quarter and full-year 2016 financial results on Wednesday, February 8, 2017, prior to the opening of the New York Stock Exchange.  Chairman and Chief Executive Officer Mike Thaman and Chief Financial Officer Michael McMurray will host an earnings conference call at 11 a.m. EST on February 8 to discuss the company's financial results.  For complete details go to http://finance.yahoo.com/news/owens-corning-announce-fourth-quarter-123000763.html

Pentair plc (NYSE: PNR) will report its fourth quarter results before the opening of the New York Stock Exchange on Tuesday, January 31, 2017. The company will also hold a conference call with investors at 9:00 a.m. Eastern Daylight Time (EDT) that day.  Conference Call Details - The call can be accessed via webcast through the "Investors" section of Pentair`s website or by dialing 800-706-6748 or 973-638-3449 along with conference number 55576169. A replay of the conference call will be made accessible once it becomes available and will remain accessible through midnight on March 31, 2017 by dialing 855-859-2056 or 404-537-3406, along with the above conference number.

DISCLAIMER:  MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  MNU is NOT affiliated in any manner with any company mentioned herein.  MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  MNU is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed MNU has been compensated three thousand nine hundred dollars for news coverage of the current press release issued by Cemtrex Inc, by a non-affiliated third party.  MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

Contact Information:
Media Contact email: info@marketnewsupdates.com - +1(561)325-8757

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