American Electric Technologies : M&I Electric celebrates 70 year anniversary
HOUSTON, Nov. 17, 2016 (GLOBE NEWSWIRE) — American Electric Technologies, Inc. (NASDAQ:AETI), a leading provider of power delivery solutions for the global energy industry, announced today that its flagship subsidiary, M&I Electric, celebrated its 70th year of operations.
Founded in 1946 in Beaumont, Texas, M&I started as an electrical products and services company. Over the past 70 years, the company has developed into a leading provider of power delivery solutions to the global energy industry with 400 employees in multiple countries and thousands of customers around the world.The company held a 70th year anniversary event with employees, customers and partners at its Beaumont Texas manufacturing plant, which was attended by local VIPs. Beaumont Mayor Becky Ames read a proclamation to the assembled guests recognizing this historic company milestone and support to the local economy. “It’s amazing to think that from our humble beginnings in a Quonset hut in 1946 that today, we created IntellISafe™, the most technically advanced medium voltage arc-resistant switchgear on the market,” said James Steffek, Senior Vice-President and forty three year company employee who chronicled the company’s history at the event. “We really appreciate all of the employees who have helped get the company to this point and look forward to another successful 70 years in Beaumont.”About AETI:American Electric Technologies, Inc. (NASDAQ:AETI) is a leading supplier of power delivery solutions for the global energy industry. AETI offers M&I Electric™ power distribution and control products, electrical services, and E&I construction services. AETI is headquartered in Houston and has global operations in the U.S. and Brazil. In addition, AETI has minority interests in two joint ventures, which have facilities located in China and Singapore. AETI’s SEC filings, news and product/service information are available at www.aeti.com. Contact:
Sr. Vice President and Chief Financial Officer
Source: American Electric Technologies, Inc.2016 GlobeNewswire, Inc., source Press Releases