Cemtrex to Develop PEM Fuel Cells in Joint Venture with Ducon Technologies Inc. FARMINGDALE, N.Y., June 16 /PRNewswire-FirstCall/ -- Cemtrex Inc. (OTC:CTEX) announced that it has entered into a joint venture with Ducon Technologies Inc. (Ducon) to jointly develop Proton Exchange Membrane (PEM) Fuel Cells to deliver clean power for application in utilities, transportation and other industries. Cemtrex will work with Ducon to jointly customize the existing Fuel Cell Technology for power plant application. "Ducon has been developing PEM Fuel Cells for the past three years, and we plan to leverage our relationship with existing utilities by marketing the Fuel Cells to meet specific power plant's requirements," said Aron Govil, CEO & President of Cemtrex. "We are very excited to be able to offer our existing customers an expanded product line and at the same time be a part of the growing clean energy market." Cemtrex is engaged in manufacturing and selling the most advanced and custom engineered equipment and systems for clean energy and emission monitoring markets. 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. For further information, please contact: Aron Govil CEO & President Cemtrex Inc. 19 Engineers Lane Farmingdale, NY 11735 URL: http://www.cemtrex.com/ (631) 756-9116 ex. 24 Direct: (516) 816-1400 This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/. DATASOURCE: Cemtrex Inc. CONTACT: Aron Govil, CEO & President of Cemtrex Inc., +1-631-756-9116, ex. 24, or Direct, +1-516-816-1400 Web site: http://www.cemtrex.com/

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