Microsoft Stock Jumps as Azure Growth, AI Revenue Beat Expectations 
WestJet Cancels 86 Flights as CUPE Strike Threat Disrupts Travel 
Chipotle Q2 Earnings Beat Expectations as Sales Growth Drives Higher 2026 Outlook 
Meta Stock Drops After Earnings Miss as AI Spending and Legal Costs Weigh on Profit 
Same sparkle, different story: how lab-grown diamonds are transforming the market 
Toyota First-Half Global Sales and Production Decline on Weak China Demand, RAV4 Transition 
Holcim Raises 2026 Outlook After Strong Q2 Earnings Beat 
Meta-backed research finds exposure to ‘untrustworthy’ social media is rare. The fine print is less reassuring 
Japan Earthquake Disrupts Auto and Chip Supply Chains 
Arm Holdings Q1 Earnings Beat Estimates, Strong Q2 Outlook Fails to Lift ARM Stock 
Russia Charges Telegram Founder Pavel Durov With Facilitating Terrorism, Seeks International Arrest 
Robinhood Q2 Earnings Beat Estimates, But HOOD Stock Falls as Investors Question Profit Quality 
Anthropic Reveals Claude AI Accessed Real Production Systems During Cybersecurity Tests 
Starbucks Stock Jumps as Q3 Earnings Beat, Sales Growth Drives Higher 2026 Outlook 
SpaceX Wins $1.6 Billion U.S. Space Force Launch Contracts for Falcon 9 Missions Through 2027 
Roblox Stock Drops 16% as Q3 Bookings Forecast Misses Expectations 
Apple Stock Slides 7% as Weak Sales Forecast Overshadows Quarterly Earnings Beat 
HOUSTON, April 26, 2018 -- 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 Brazil subsidiary has been awarded a contract to provide specialized services for the complete overhaul in-situ of twenty (20) 13.8kV, 11MVA diesel generators for a large Brazilian power utility company.
The company received the project award directly from one of the largest power plants in Brazil and was a break-in win for M&I Electric Brazil. This power plant is located in the state of Paraíba in Northeastern Brazil and was considered the biggest installation of diesel driven engines in the world during its construction phase in 2010. The overall power of 342 Megawatts is connected to the electrical grid through a 230kV substation. The project award includes the planning, site management, complete disassembly, electrical/mechanical inspection, dry-ice cleaning and commissioning. It aims to extend the lifetime of the asset and avoid insulation failures as they work in a harsh environment with severe contamination issues.
“We are very pleased with the progress that M&I team is making with energy companies in Brazil,” said Jose Octavio, Vice President and General Manager, M&I Electric Brazil. “Our rotating machines division has been delivering customized projects with methodologies that reduce outages and repair costs for our customers.”
M&I expects delivery of this project to occur in the second half of 2018. Additional details were not disclosed.
About AETI:
American Electric Technologies, Inc. (NASDAQ:AETI) is a leading supplier of power delivery solutions for the global energy industry. AETI offers M&I Electric™ power distribution and control products, electrical services, and E&I construction services. AETI is headquartered in Houston and has global operations in Beaumont, Texas; and Rio de Janeiro, Macae and Belo Horizonte Brazil. In addition, AETI has a minority interest in a joint venture located in Xian, China. AETI’s SEC filings, news and product/service information are available at www.aeti.com.
Contact:
Bill Brod
Chief Financial Officer
713-644-8182
