M&I Electric announces $14M project with leading EPC firm
AMERICAN ELECTRIC TECH (AETI)
US:NASDAQ Investor Relations:
aeti.com/aeti/?q=irinfo
Company Research
Source: GlobeNewswire
HOUSTON, June 04, 2018 (GLOBE NEWSWIRE) -- American Electric Technologies, Inc. (NASDAQ:AETI), a leading provider of power delivery solutions for the global energy industry, announced today that its M&I Electric business has been awarded a $14M contract to provide a turnkey power delivery solution for a fractionation plant expansion project in Texas. The company received the award from a leading Engineering, Procurement and Construction (EPC) firm responsible for the design and delivery of this project to expand fractionation capacity for their midstream project customer. The M&I turnkey power delivery solution award includes M&I’s IntelliSafe™ medium voltage arc-resistant switchgear, low voltage arc-resistant switchgear, low voltage and medium voltage arc-resistant motor control centers, and medium voltage variable frequency drives, all integrated into three large M&I Power Distribution Centers (PDCs). “This project award is one of the largest in the company’s history and i
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