ENGLOBAL ANNOUNCES $15 MILLION IN GOVERNMENT AWARDS
May 24 2018 - 9:00AM
ENGlobal Corp. (NASDAQ: ENG) announced today that
its ENGlobal Government Services subsidiary (EGS) has received two
modifications to existing contracts totaling approximately $15
million from the U.S. Department of Defense. The first
modification will increase the Company’s scope of work by
approximately $3 million and the second modification for
approximately $12 million will extend certain ongoing capital and
maintenance projects for two years.
William A. Coskey, P.E., Chairman and CEO of
ENGlobal stated: “This significant increase in scope of work from
our government client is a result of the ongoing exceptional
performance provided by the EGS team. We at ENGlobal greatly
value our long history of providing the U.S. Military with fuel
supply chain and IT related services.”
For over 30 years, EGS has provided the federal
government with design, installation, and maintenance of Automated
Fueling Systems, Automated Tank Gauges (ATG), Supervisory Control
and Data Acquisition (SCADA) development and integration, cyber
security, and modular engineered solutions.
About ENGlobalENGlobal (Nasdaq: ENG) is a
provider of engineering and automation 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 distributed control, instrumentation and process
analytical systems. Within the Automation segment, ENGlobal’s
Government Services group provides engineering, design,
installation, operations, and maintenance of various government,
public sector, and international facilities, specializing in
turnkey automation and instrumentation systems for the U.S. Defense
industry worldwide. The Engineering segment provides
consulting services for the development, management and execution
of projects requiring professional engineering, construction
management, and related support services. 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,
including the timing, amount and scope of any government
award. 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
Phone: (281) 878-1000
E-mail: mark.hess@ENGlobal.com
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