FARMINGDALE, N.Y., Dec. 22 /PRNewswire-FirstCall/ -- Cemtrex Inc. (OTC:CTEX) announced that it is currently involved in developing a small- scale 10 MW captive renewable electricity project that is based on biomass fuel for abatement of carbon dioxide and reduction of greenhouse gases in northern India. This project would utilize certain agricultural waste as fuel in combination with fossil fuels to qualify under Category 1 of CDM-ACCR-06 guidelines for generation of carbon credits. Last month the Company had set up a division for developing a portfolio of CDM (Clean Development Mechanism) projects for creating carbon credits. The Company will offer services that include project design, engineering, procurement, finance, development, erection and startup of the turnkey project, including marketing of carbon credits or certified emission reductions (CERs). The Clean Development Mechanism is one of the three so-called flexible mechanisms of the Kyoto Protocol. These mechanisms are designed to make it easier and cheaper for industrialized countries to meet the greenhouse gas (GHG) emission reduction targets that they agreed to under the Protocol. The CERs can be traded in tons of carbon dioxide equivalents by governments and companies in developed countries to meet their reduction commitments under the Kyoto Protocol. Cemtrex is a technology company that provides a comprehensive range of services, which allow its customers to create and monetize carbon assets. Cemtrex also provides complete emission reduction and monitoring instruments and equipment for a wide variety of industries such as power, steel, mining, cement, fertilizer, ferrous and non-ferrous metals, chemicals and refining. 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, President & CEO Cemtrex Inc. 19 Engineers Lane Farmingdale, NY 11735 Tel: 516-816-1400 URL: http://www.cemtrex.com/ This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/. DATASOURCE: Cemtrex Inc. CONTACT: Aron Govil, President & CEO, Cemtrex Inc., +1-516-816-1400 Web site: http://www.cemtrex.com/

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