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HOUSTON, Aug. 29, 2016 -- 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 recently been selected to provide IntelliSafe™ arc-resistant switchgear for a new 50-MW tri-fuel, peaking power generation facility in the Midwest United States.
The 50MW project is intended to provide reliable peaking and back-up base load power and will deploy three large, medium speed tri-fuel engines capable of burning natural gas, heavy fuel oil (HFO), and light fuel oil (LFO).
M&I Electric’s award-winning IntelliSafe™ arc-resistant medium-voltage switchgear will provide the safest and most reliable operating environment while simultaneously protecting each generator and enabling peak power to the grid. IntelliSafe incorporates patent pending safety features, 100 percent PIP specification compliance, and industrial internet of things capabilities enabling a new level of safety for power generation, oil & gas, and other process industries projects.
“This project award represents M&I Electric’s first order from this leading international power generation equipment company," said Charles Dauber, President and CEO, AETI. "IntelliSafe was selected based on its unparalleled safety functionality and our ability to meet the project’s quick delivery cycle. This project award shows progress in our growth strategy of working with power generation equipment manufacturers, project owners and EPC firms within the power generation segment of the global energy industry."
IntelliSafe is part of the M&I Electric turnkey power delivery solutions portfolio which includes custom-designed MV and LV traditional switchgear, Power Distribution Centers (PDCs), power conversion equipment, automation and control solutions, construction and E&I services.
M&I expects delivery of this project to occur in the fourth quarter of 2016. 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; Rio de Janeiro and Macae, Brazil. In addition, AETI has minority interests in two joint ventures, which have facilities located in Xian, China and Singapore. AETI’s SEC filings, news and product/service information are available at www.aeti.com.
Contact: Bill Brod Sr. Vice President and Chief Financial Officer 713-644-8182
