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American Electric Technologies Names Frank Davis Director Of Oil And Gas Business Development

Stocks in this article: AETI

HOUSTON, March 10, 2011 (GLOBE NEWSWIRE) -- American Electric Technologies, Inc. (Nasdaq:AETI) the premium provider of power delivery solutions for the traditional and renewable energy industries, today announced the appointment of Frank Davis as the new director of oil and gas business development. This newly created role is focused on accelerating the company's market share in the oil and gas drilling market.

"The growth in energy demand is driving additional exploration in the Marcellus Shale and other unconventional basins throughout the U.S.," said Charles Dauber CEO of AETI. "This presents significant opportunities for our company as we leverage our traditional land drilling power system technologies to these markets."

Davis joins AETI after 13 years with National Oilwell Varco (NOV), most recently as director of electrical sales. Prior to that role, Davis was North and South America sales manager. In his 13 years at Ross-Hill/National Oilwell Varco, he was responsible for generating more than $600 million in revenue.

Davis has significant drilling rig power systems experience, including Ross-Hill and Hill-Hayes analog SCR drives up to modern AC Variable Frequency Drives (VFDs). He has also held sales and power system application roles at companies such as Tech Power Controls and C&G Industrial Supply. Davis is a fifth generation Texan and received his Bachelor of Science in Engineering Technology/Industrial Distribution from Texas A&M University in College Station.

Davis reports directly to James Steffek, the president of AETI's M&I Electric business.

"Frank's work in building up NOV's power systems group has given him a reputation for being one of the most successful sales executives in the drilling industry," said Steffek. "We are pleased to welcome Frank to our team, and are confident his leadership will enable AETI to maximize opportunities for our oil and gas drilling operations."

Davis will be responsible for building the company's market share for the company's complete portfolio of drilling rig power solutions, including:

  • Analog SCR (Hill-Hayes) drives
  • Digital SCR drives
  • AC Variable Frequency Drives (VFD)s
  • Generator Control Switchgear
  • Drilling Rig Control Systems
  • Power Control Rooms
  • Complete Rig-Out

"AETI has a proven reputation in the drilling rig market," said Davis. "I look forward to helping make AETI the leading oil and gas power system supplier."

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