HOUSTON, Jan. 7, 2013 (GLOBE NEWSWIRE) -- American Electric Technologies, Inc. (Nasdaq:AETI), a leading global supplier of power delivery solutions for the energy industry, announced today it has been selected by S&B Engineers and Constructors to supply turnkey power delivery products and services for M3 Midstream's Utica East Ohio natural gas fractionation unit project. The terms of the contract were not disclosed. AETI expects delivery to begin in Q1 2013 and continue through Q2 2013.
Utica East Ohio Midstream is a joint venture between M3 Midstream, Chesapeake Midstream Development LP, and EV Energy Partners that provides customers with gas gathering cryogenic processing, NGL fractionating and storage, and NGL redelivery options.
Five power distribution centers will be supplied by AETI including low and medium voltage switchgear, motor control centers, bus ducts, UPS systems, batteries, and RIE (instrument) rooms with marshaling cabinets and PLC equipment."The revitalized boom in the natural gas industry is creating increased demand for fractionation products," said Charles Dauber, president and CEO, AETI. "AETI is very pleased to have been selected for another project in this sector by S&B Engineers and Constructors, and we are confident our partnership will help their team continue to achieve success in the midstream market." 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 www.aeti.com. 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.
CONTACT: Media Contacts: Ward Creative Communications for American Electric Technologies, Inc. Molly LeCronier email@example.com 713-869-0707 Investor Contacts: American Electric Technologies, Inc. 713-644-8182 firstname.lastname@example.org
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