M&I Electric celebrates 70 year anniversary
November 17 2016 - 02:00PM
American Electric Technologies, Inc. (NASDAQ:AETI), a leading
provider of power delivery solutions for the global energy
industry, announced today that its flagship subsidiary, M&I
Electric, celebrated its 70th year of operations.
Founded in 1946 in Beaumont, Texas, M&I started as an
electrical products and services company. Over the past 70
years, the company has developed into a leading provider of power
delivery solutions to the global energy industry with 400 employees
in multiple countries and thousands of customers around the
world.
The company held a 70th year anniversary event with employees,
customers and partners at its Beaumont Texas manufacturing plant,
which was attended by local VIPs. Beaumont Mayor Becky Ames read a
proclamation to the assembled guests recognizing this historic
company milestone and support to the local economy.
“It’s amazing to think that from our humble beginnings in a
Quonset hut in 1946 that today, we created IntellISafe™, the
most technically advanced medium voltage arc-resistant switchgear
on the market,” said James Steffek, Senior Vice-President and forty
three year company employee who chronicled the company’s history at
the event. “We really appreciate all of the employees who have
helped get the company to this point and look forward to another
successful 70 years in Beaumont.”
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 the U.S. and Brazil. In addition, AETI has minority
interests in two joint ventures, which have facilities located in
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
American Electric Techno... (NASDAQ:AETI)
Historical Stock Chart
From Feb 2024 to Mar 2024
American Electric Techno... (NASDAQ:AETI)
Historical Stock Chart
From Mar 2023 to Mar 2024