Green is good. Those of us that dabble in the markets have all heard that saying repeatedly, but it can also be true in the sense of being environmentally friendly. In today’s political, environmental and financial climate, alternative -- or "green" -- products can neatly wrap the two concepts with one tidy bow under the right circumstances.
Many of the environmentally-friendly products that are in development, or currently hitting the market, are designed to save companies money and do something good for the environment with the idea of a success subsequently putting cash in investors’ pockets all at the same time once the technologies generate revenue. Talk about a win-win-win situation.
Shareholders of Cemtrex Inc. (OTCBB:CTEI) that grabbed shares outside of only a few occasions in the last year and a half are seeing their portfolio get greener today on corporate news. The Farmingdale, N.Y.-based Cemtrex is a market leader in manufacturing and selling advanced instruments for emission monitoring of particulate, opacity, mercury, sulfur dioxide, nitrogen oxides, etc. and environmental control products which are sold to power plants, refineries, chemical plants and state and federal agencies to name a few.
Additionally, Cemtrex has spent the last three years in-house developing their Green DCV (Direct Control Ventilation) system, an energy efficiency solution for controlling air quality in commercial and industrial buildings. By monitoring carbon dioxide levels and regulating the building according to occupancy levels, the Cemtrex system can slash energy consumption by as much as 40%. Because of its high efficiency, Cemtrex claims that it will pay for itself in three to five years.
A significant piece of news hit the wires today as Cemtrex disclosed a new $25-million contract for evaluation, design, and installation and its Green DCV system to Dynacon Pvt. Ltd., an India-based company. The delivery of goods and services to Dynacon, a company that serves businesses all over India, is specified to happen over the next two years.
This news is driving shares of CTEI higher, up by $0.06 to $0.275 for an increase of 27.91% on a spike in volume. 52-week highs stand only faintly off in the distance at $0.35 from the first days of March 2011. Proper due diligence is always encouraged on this low-float, environmentally-friendly company.
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