ENGLOBAL ANNOUNCES RECENT PROJECT AWARDS
October 18 2018 - 6:00AM
ENGlobal (NASDAQ: ENG), a leading provider of
engineering and automation services, today announced receiving four
projects totaling approximately $5 million. The scopes of work that
the Company will be performing are summarized below:
- ENGlobal has been awarded an
engineering, procurement and on-site services contract to assist an
idled oil refinery and terminal operator with refurbishing their
regulatory and process analytical systems. This effort has been
strategically planned to expedite startup of these facilities while
supporting plant safety, environmental compliance, and product
quality.
- A leading midstream operator has
commissioned the Company to engineer and design a new booster
compressor station that will utilize primarily shop fabricated
modules - which significantly reduces the field construction
effort. Some of the benefits to be expected by employing a modular
project execution strategy are a lower installed cost, expedited
schedule, improved quality, as well as a safer working environment.
- ENGlobal Government Services (EGS)
has been awarded a contract to replace obsolete automated tank
gauging and independent alarm systems at Department of Defense
fuels facilities. In addition to its systems engineering and
management support scope, EGS will be responsible for providing
tank fuel accountability and operational data for control systems
at each location.
- A leading industrial gas Company
has commissioned ENGlobal to fabricate, integrate and test two
electrical power distribution buildings. Each modular building will
house a variety of low and medium voltage electrical switchgear
apparatus including variable frequency drives. The completed
systems will be positioned within plants located along the Gulf
Coast and control power to loads within those facilities.
“These recent awards are excellent examples of
success we are seeing from ENGlobal’s vertically integrated
business. Our substantial expertise - engineering, fabrication,
automation and modular integration - will be utilized to deliver
these jobs,” stated William A. Coskey, P.E., CEO of ENGlobal. “We
thank each of our clients for their long standing confidence in our
abilities and greatly look forward to working closely with each of
them toward a successfully executed project.”
About ENGlobal
ENGlobal (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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