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HOUSTON, Oct. 24, 2012 (GLOBE NEWSWIRE) --
American Electric Technologies, Inc. (Nasdaq:AETI), a leading global supplier of power delivery solutions for the energy industry, announced today that Sidoti & Company, LLC has initiated research coverage on the Company.
The Sidoti micro-cap universe ratings are based on a proprietary matrix that ranks companies according to five key metrics: Earnings, Cash Flow, Balance Sheet, PEG Valuation and Governance. The five components are ranked from 1-5, with 5 being the highest rating and 1 being the lowest. A sum of individual parameters equal to 18 or higher equate to a BUY rating.
In their research report issued October 23, 2012, AETI received a BUY rating after receiving a total sum of 21 (Earnings = 4, Balance Sheet = 5, Cash Flow = 4, Corporate Governance = 3, and PEG Valuation = 5).
Questions regarding this research report may be directed to AETI's investor relations department at 713-644-8182 or
About American Electric Technologies, Inc.
American Electric Technologies, Inc. (Nasdaq:AETI) is a leading global provider of power delivery solutions to the energy industry. AETI offers M&I Electric™ power distribution and control products, electrical services, and E&I Construction services, as well as American Access Technologies zone enclosures, and Omega Metals custom fabrication services. South Coast Electric Systems L.L.C., a subsidiary, services Gulf Coast marine and vessel customers.
AETI is headquartered in Houston and has global sales, support and manufacturing operations in Beaumont, Texas, Keystone Heights, Florida and Bay St. Louis, Mississippi. In addition, AETI has minority interests in three joint ventures in Xian, China, Singapore and Macae, Brazil. AETI's SEC filings, news and product/service information are available at
Forward Looking Statements
This press release contains forward-looking statements, as defined in Section 27A of the Securities Exchange Act of 1934, concerning anticipated future demand for our products, international expansion, and other future plans and objectives. While the Company believes that such forward-looking statements are based on reasonable assumptions, there can be no assurance that such future revenues, profits, plans and objectives will be achieved on the schedule or in the amounts indicated. Investors are cautioned that these forward-looking statements are not guarantees of future performance. Actual events or results may differ from the Company's expectations, and are subject to various risks and uncertainties, including those listed in Item 1A of the Form 10-K filed with the Securities and Exchange Commission on March 30, 2012. The Company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future events make it clear that any of the projected results expressed or implied herein will not be realized.