Cemtrex Forms New Subsidiary

Cemtrex, a diversified technology company, said Thursday that it has formed a new subsidiary, Cemtrex Advanced Technologies Inc., to pursue both organic and inorganic growth opportunities in the Internet of Things and wearables markets.

Through its new subsidiary, the company plans to leverage its existing design and engineering experience in developing electronic products for third parties to create its own products for IoT applications.

By Bucky Rini