ENGLOBAL ANNOUNCES $11.5 MILLION FUEL SYSTEMS MAINTENANCE CONTRACT
November 25 2019 - 9:15AM
ENGlobal Government Services, Inc. (“EGS”), a wholly owned
subsidiary of
ENGlobal Corporation (NASDAQ: ENG),
a leading service provider to the U.S. Department of Defense for
engineering, automation, information technology (IT) and
operational technology (OT) services, today announced it has
received an $11.5 million contract for the maintenance, sustainment
and upgrades of Automated Fuel Handling Equipment (AFHE) worldwide
with the Defense Logistics Agency (DLA). This contract will be in
addition to any awards under the previously announced contract with
the DLA.
For a 15-month period, the Company will be
providing the required personnel and equipment to maintain, upgrade
and install AFHE systems which are located at 23 sites worldwide.
The scope of this effort includes services for Preventive
Maintenance, Corrective Maintenance, Site Support, Technical
Documentation, Engineering Design, and Procurement Support.
“We are pleased to have received this award as a
result of superior past performance and the long term, trusted
relationships we have built with our government clients,” said John
L. Kratzert, Senior Vice President. “This contract allows EGS to
continue its exceptional support to our warfighters, providing them
with the technology and systems sustainment necessary for the
accomplishment of their missions.”
Mr. Kratzert continued, “Speaking on behalf of
the entire EGS team, we look forward to continuing our relationship
with the Department of Defense, the Defense Logistics Agency and
each of the service components. Given our expanded role, we expect
to be performing this work out of both our Tulsa and Denver office
locations.”
William A. Coskey, P.E., Chairman and Chief
Executive Officer added, “I’m proud to say that, with this award,
ENGlobal’s total backlog, which represents an estimate of booked
projects that have not been completed, has now increased to $57.2
million. This amount represents a 96 percent increase of $28
million on the $29.2 million backlog level that we started with
this year.”
Mr. Coskey added, “These amounts give us a great
deal of confidence that our shift in strategy is working. A related
indicator that’s also positive is current proposal activity – as
our Company now has over $200 million in outstanding proposals that
are awaiting customer decisions.”
For over 30 years, EGS has provided the Federal
Government with design, installation, and maintenance of AFHE
Systems, Automated Tank Gauging (ATG), Supervisory Control and Data
Acquisition (SCADA), Cyber Security, and Modular Engineered
Solutions. EGS has a long history in supporting the U.S. Military
with fuel supply chain and IT-related services.
About ENGlobal
ENGlobal (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. The Engineering
segment provides consulting services for the development,
management and execution of projects requiring professional
engineering, construction management, and related support services.
Within ENGlobal’s Engineering segment, ENGlobal Government
Services, Inc. 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. 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, 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.
HessPhone: (281) 878-1040E-mail:
ir@ENGlobal.com
Market Makers - Investor RelationsJimmy
Caplan512-329-9505Email:
jimmycaplan@me.com
Market Makers - Media RelationsRick
Eisenberg212-496-6828Email:
eiscom@msn.com
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