ENGlobal Awarded Engineering for World Class Biomass Power Project
March 09 2016 - 7:46PM
ENGlobal (NASDAQ:ENG), a leading provider of automation and
engineering services, today announced its success in being awarded
the Basic Engineering and Design for a world class biomass power
plant located in Europe. Upon completion, the planned
installation would be ranked among the ten largest biomass power
facilities globally.
The execution of the Company’s initial scope of
work, valued at approximately $2MM, will be led by the Company’s
Denver, Colorado engineering office.
This project award highlights and serves to
validate ENGlobal’s substantial experience in the development of
global biomass combined heat and power projects. The nominal
300 Megawatt complex will incorporate multiple gasification boiler
systems to produce steam for use in turbine generators. The
eco-friendly design will meet all applicable environmental
standards and feature extensive capture and use of waste thermal
energy for optimal efficiency. The project will also assist with EU
carbon reduction objectives.
“ENGlobal’s resume for the engineering and
design of biomass gasification power facilities is among the best
in the industry,” said William A. Coskey, P.E., Chairman and Chief
Executive Officer of ENGlobal. “We work diligently with
owners to integrate world class technology, thereby optimizing each
design. This innovative and significant project allows ENGlobal to
continue its delivery of world class and environmentally friendly
biomass power facilities.”
About ENGlobalENGlobal (NASDAQ:ENG) is a
provider of engineering and related project services primarily to
the energy sector throughout the United States and
internationally. ENGlobal operates through two business
segments: Automation and Engineering. ENGlobal’s Automation
segment provides services related to the design, fabrication and
implementation of advanced automation, control, instrumentation and
process analytical systems. The Engineering segment provides
consulting services for the development, management and execution
of projects requiring professional engineering, construction
management, and related support services. Within the
Engineering segment, ENGlobal's Government Services group provides
engineering, design, installation and operation and maintenance of
various government, public sector and international facilities, and
specializes in the turnkey installation and maintenance of
automation and instrumentation systems for the U.S. Defense
industry worldwide. Further information about the Company and
its businesses is available at www.ENGlobal.com.
Safe Harbor for Forward-Looking StatementsThe
statements above regarding the Company’s expectations regarding its
operations and certain other matters discussed in this press
release may constitute forward-looking statements within the
meaning of the federal securities laws and are subject to risks and
uncertainties For a discussion of additional risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see ENGlobal’s
filings with the Securities and Exchange Commission, including the
Company’s most recent reports on Form 10-K and 10-Q, and other SEC
filings.
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CONTACT: Mark A. Hess
(281) 878-1040
ir@ENGlobal.com
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