Before he leaves office, President Obama has a couple items left on his short list for things he wanted to accomplish during his time as leader, namely ink a global warming agreement later this year in Paris. Climate change sits high on the President’s priority list, including the recently finalized and oft-scrutinized Clean Power Plan, a landmark action that sets the first-ever carbon pollution standards for U.S. power plants. The idea of global warming was a headline topic for the President’s speech to the United Nations General Assembly this week, with little said about Congress or, much to the dismay of CNBC’s Rick Santelli, U.S. debt.

Obama has been lobbying for an agreement by serving as ambassador for curtailing carbon emissions, as the U.S. is one of the largest emitters of greenhouses gases in the world. U.S. emissions are only paralleled by those from China. Chinese President Xi Jinping last year pledged his commitment for a successful climate change agreement and enhanced action to mitigate emissions. Recently, the two Presidents re-affirmed their dedication to push for a unified global plan where developed countries commit to a goal of mobilizing jointly $100 billion a year (from an array of sources) by 2020 to assist developing countries in building low-carbon and climate-resilient societies.

Whether it is the administration’s initiatives, global regulations to reduce air pollutants, greater general awareness of emissions or a combination of factors, Cemtrex Inc. (NASDAQ: CETX) seems to be benefiting and capturing more share in the Continuous Emissions Monitoring Systems (CEMS) market. The diversified industrial and manufacturing company recently announced that it is seeing a “surge in demand” for its IS 2500 Multi Gas Analyzer, quantified through a “multitude as orders” from companies around the world. The IS 2500 Multi Gas Analyzer is an emissions monitoring system utilizing the latest technologies installed in exhaust stacks to measure process gases, such as methane, carbon dioxide, nitrogen oxides, oxygen and carbon monoxide, at a lower cost versus comparable extractive systems. The IS 2500 Multi Gas Analyzer is from the product portfolio of Cemtrex’s Monitoring Instruments and Products (MIP) division.

In July Cemtrex completed its ISO 9001:2008 certification for its MIP business. The certification incorporates the best quality management criteria and assures that Cemtrex is holding to those standards. This is an important achievement as the certification opens the door to additional customers that require the laborious certification from their suppliers.

Noting that the company is expanding production capability to keep pace with orders, Cemtrex CEO Saagar Govil explained the demand in saying, “In many emerging economies, companies cannot afford a high priced extractive system so they are looking for our high-quality economical alternative. With the IS 2500 we have delivered exactly that.”

Govil’s comments are underscored by the market analysts at McIlvane & Co. forecasting the CEMS market to reach $1.2 billion in the next five years, paced by growth in emerging markets, a prediction that aligns with global initiatives.

Cemtrex’s MIP division is a key growth driver for the company, although the electronic manufacturing and cable assembly services division ROB Cemtrex often gets the attention because it has been the largest generator of revenues amongst the three business units (Griffin Filters being the third). Cemtrex completed the acquisition of Germany-based ROB Group in November 2013, which helped boost revenue to over $47 million and earnings per share to 39 cents in 2014, up from $13 million and 4 cents per share in 2013.

Through the first nine months of fiscal 2015, ended June 30, revenue totaled $42.84 million and EPS was 35 cents per fully diluted share, clearly putting Cemtrex on track to continue its robust year-over-year growth.

While not revealing the name of the target, management recently disclosed that they have penned a Letter of Intent to acquire a U.S.-based industrial manufacturing and services company that has averaged $23 million in revenue in the past two years. Cemtrex expects the deal to be completed by November and be immediately accretive, while improving profit margins.

The MIP division closed the gap and passed the ROB unit in the third quarter with respect to sales. Granted, part of this was due to timing of shipments during the quarter for ROB and an unfavorable currency exchange for ROB, but it is the MIP expansion that is worthy of attention while ROB sales should rebound this quarter. Sales from the environmental products and services segment jumped 69.4 percent in the latest quarter to $9.34 million (versus $5.51 million in the year prior quarter).

In July, Cemtrex said that it received new orders worth more than $4.2 million, inclusive of about $2.5 million in orders for its MIP group. Couple this with the “surge” of orders discussed earlier this month and the ISO certification and it seems that Cemtrex is setting itself up for another banner quarter to wrap the fiscal 2015 year at the end of September. Further, factor in the partnership with Prozess Technologie to sell the Reveal process analyzer line, the likely completion of the latest acquisition and the bullish global climate regarding emissions control and another strong year in fiscal 2016 looks highly probable as this little conglomerate should be approaching $100 million in revenue, with MIP playing a vital role. Perhaps this is what Ducon Technologies saw when they added to their position in CETX in August, raising it by 11,100 shares to 367,487.