ENGLOBAL ANNOUNCES PROCESS ANALYTICAL AWARD VALUED AT $11 MILLION
August 14 2018 - 9:00AM
ENGlobal (NASDAQ: ENG), a leading provider of
engineering and automation services, today announced that the
Company has been selected by a major E&C firm as the supplier
of Analytical Process Control and Continuous Emission Monitoring
Systems for a major new ethane steam cracker on the U.S. Gulf
Coast. The systems being supplied by ENGlobal will provide critical
feedback information on both product quality and operating
conditions for this new facility. Today's award, valued at
approximately $11 million, will be performed by the Company's
Automation business segment.
William A. Coskey, P.E., CEO of ENGlobal stated,
"We are very excited and honored to be selected for this important
Project. Today's award is an excellent example of how ENGlobal's
vertically integrated model can be utilized to engineer, fabricate
and integrate highly technical, modular solutions."
Mr. Coskey added: "I believe a large part of our
success is a direct result of serving our E&C customer well on
our previous work for them over the years - and specifically on a
recently shipped, major analytical project. Through our team's
successful execution and delivery, we were able to highlight both
our technical and project management skills on major projects such
as this one. "
ENGlobal's scope will include engineering,
fabrication, integration and testing of analyzer shelters, field
cabinets and field instrument stands consisting of approximately
140 process and continuous emission monitoring analyzers which
utilize multiple technologies. Design of these systems is expected
to commence immediately, with project execution being scheduled
over the next 18 months.
About ENGlobalENGlobal (Nasdaq: ENG) is a
provider of engineering and automation services primarily to the
energy sector throughout the United States. 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 Statements
The statements above regarding the Company’s
expectations of 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 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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