M&I Electric announces $5M Dredge vessel power and control system project award
AMERICAN ELECTRIC TECH (AETI)
US:NASDAQ Investor Relations:
aeti.com/aeti/?q=irinfo
Company Research
Source: GlobeNewswire
HOUSTON, May 16, 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 $5M project award for a complete power and control system for a new dredge vessel for a leading US Gulf Coast dredging company. Dredging is an excavation activity usually carried out underwater, in shallow seas or freshwater areas with the purpose of gathering up bottom sediments and widening the waterway. This technique is often used to keep waterways navigable and creates an anti-sludge pathway for boats. M&I Electric will provide a turnkey solution with a wide range of M&I Electric products and services. The project will incorporate M&I’s IntelliSafe™ arc-resistant switchgear, low voltage generator control and distribution switchgear, M&I’s Vessel Management System, low voltage and medium voltage Variable Frequency Drives (VFDs), alon
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