- Technology company, Cemtrex (CETX -0.7%) receives a $1.1M order to install a new security technology system through its Advanced Technology Segment for a large corrections facility in the UK.
- “This new order reaffirms the positive demand and outlook for our core Security Technology vertical as this market continues to improve. April bookings for this part of our business were in line with pre-Covid levels, giving us confidence that our markets are starting to see some economic recovery after COVID-19. With our internationally recognized brand, we expect continued momentum in this vertical as a wide range of state and local corrections facilities choose our technology to keep their operations safe for prisoners, workers and visitors.” said Saagar Govil, Chairman and CEO.
- Shares +2.2% pre-market.