Cemtrex, Inc. (CTEI.OB) Announces Rebate from Xcel Energy for Customers Utilizing the Company’s Green DCV Systems

By IBTimes Staff Reporter | December 16 2009 5:23 AM

Cemtrex, Inc., a worldwide market leader in manufacturing and selling the most advanced instruments for emission monitoring of particulate, opacity, mercury, sulfur dioxide, nitrogen oxides and filtration products, recently announced that Xcel Energy of Colorado will issue a 20 percent rebate to customers who install Cemtrex’s Green DCV energy-saving equipment.

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Cemtrex’s Green DCV systems, an innovative energy-efficiency solution for high-quality green building applications, utilize carbon dioxide sensors to monitor buildings’ CO2 levels and regulate air handling systems to improve air quality and save energy. The company’s Green DCV systems can reduce energy costs by up to 40 percent in buildings where occupancy fluctuates during a 24-hour period.

Mr. Arun Govil, chief executive officer and president of Cemtrex, stated, “Our Green DCV system provides over 40 percent cost savings in the electric bill, and now with this additional 20 percent rebate, the payback period is substantially reduced.” Mr. Govil continued, “We are working with several utilities nationwide to set up a similar rebate program which would create additional incentives for increased sales of our Green DCV equipment in commercial buildings.”