Earnings per share increased 43% to $.59 with EBITDA exceeding $9M

 

FARMINGDALE, N.Y., Dec. 22, 2016 -- Cemtrex (NASDAQ: CETX), a world leading industrial and manufacturing solutions company, announced today its consolidated results of operations for the twelve months ended September 30th, 2016.

 

Fiscal Year 2016 Highlights:

Revenue increased by 65% to $93,704,560 for the twelve months ended in September 30, 2016 compared to $56,887,389 for the same period in 2015.   

Net Income was up 76% to $4,994,045, equaling $0.59 per share, in the twelve month period ended September 30, 2016 compared to an income of $2,838,116 or $0.41 in the same period in 2015.

2016-12-19 16:38 ET - News Release -- Mr. Geoffrey Martin reports

 

CCL Industries Inc. has entered into a definitive agreement to acquire the Innovia group of companies for approximately $1.13-billion, debt-free and net of cash, from a consortium of private-equity investors based in the United Kingdom and managed by the Smithfield Group LLP. The transaction is subject to regulatory and change-of-control approvals, as well as customary completion procedures, with closing expected by the end of first quarter 2017.

 

Geoffrey T. Martin, president and chief executive officer of CCL, said: "This transaction is another transformative acquisition for CCL, propelling the company to world leadership in the disruptive, fast-growing polymer-banknote market, while strengthening our depth in the materials-science arena with proprietary BOPP films technology for the label, packaging and security sectors. We expect to find significant operational, customer and product innovation growth opportunities between Innovia and our end-use-facing businesses at CCL Label, CCL Design, Checkpoint and Avery. We are very pleased to welcome Innovia's deeply experienced industry people to our company and look forward to an exciting future together."

2016-12-08 08:00 ET - News Release - LISHUI, China, Dec. 8, 2016 -- Tantech Holdings Ltd. (TANH) (Nasdaq: TANH) ("Tantech" or the "Company") announced today that it has successfully developed the new generation of infrared bamboo charcoal bedding articles, which feature excellent absorption, infrared and self-warming properties. These capabilities have been verified by the China National Supervision and Test Center for Eco-Product Quality, China National Supervision and Test Center for Infrared Product Quality, and Shanghai Research Institute of Chemical Industry Testing Center.

 

The new generation of infrared bamboo charcoal bedding articles includes bamboo charcoal fiber bedclothes, health-care mattress and pillows. According to TANH engineers, the bamboo charcoal is made out of carefully-selected high quality natural Moso bamboo, or tortoise-shell bamboo, and carbonized at a temperate of 1,100 degrees centigrade. 

TORONTO, ON--(October 28, 2016) - dynaCERT Inc. (TSX VENTURE: DYA) (DYFSF) ("dynaCERT" or the "Company") is pleased to announce that the company has filed a patent application in the United States (#15/298783) and Canada on their "Smart" Electronic Control Unit ("ECU"), a system and method of managing an on-demand electrolytic reactor for supplying hydrogen and oxygen gas to an internal combustion engine. The system minimizes reactor's power consumption and parasitic energy loss generally associated with perpetual reactors.

 

The "Smart" ECU monitors the reactor and engine parameters and determines a reactor performance level. It then determines the engine performance level and detects any change in the engine performance to forecast the future engine demand. Taking it a step further, it determines an ideal reactor performance level for optimizing engine performance.

 

This is the main controller (decision maker) that provides the capability to optimize the reactor to produce the correct amount of gas for improving the combustion process. It will also provide the capability to monitor, log and transmit data resulting in the reduction of Carbon Footprint.