M&I Electric announces $4M project with leading midstream oil & gas company for new pipeline project
July 17 2017 - 8:00AM
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 $4M contract to provide a turnkey power
delivery solution for a new pipeline under construction in Texas.
The company received the award from one of the largest midstream
oil & gas companies in the United States for a new pipeline
being constructed to deliver crude oil from the Permian Basin in
West Texas across the state to Nederland, Texas. The new pipeline
will provide transportation of up to 100,000 barrels of oil per
day, with an estimated total capacity of up to 300,000 barrels per
day.
The M&I turnkey power delivery system will supply safe,
reliable power distribution for three compressor stations and
includes M&I’s turnkey power delivery solutions and medium
and low voltage conventional switchgear, low voltage and medium
voltage motor control centers, and installation and integration of
3rd party 7000HP variable frequency drives, all integrated into
M&I Power Distribution Centers (PDCs).
“M&I Electric continues to make progress with leading oil
& gas companies with our turnkey power delivery solutions,”
said Troy Coker, Vice President, Sales at M&I. “Large
midstream and companies like this understand the benefits of having
a fully tested and integrated solution incorporating both
switchgear and Power Distribution Centers (PDCs) built at the same
location to reduce costs, meet project schedules and reduce project
risk.”
M&I expects delivery of this project to occur in early 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 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
Chief Financial Officer
713-644-8182
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