American Electric Technologies Joins Texas Renewable Energy Industries Association
Houston, TX (GLOBE NEWSWIRE) - American Electric Technologies, Inc. (Nasdaq:AETI) the premium provider of power delivery solutions for the traditional and renewable energy industries, today announced its membership with Texas Renewable Energy Industries Association (TREIA). As an organization member, American Electric Technologies will gain access to new resources as well as share its 65 years' experience in delivering reliable power distribution to both the renewable and traditional energy industries.
"AETI has been a Texas-based leading provider of traditional energy and oil and gas power technologies for 65 years," said Charles Dauber, CEO of American Electric Technologies. "Our utility-scale power delivery systems are based on our long-performing experience and technologies from the oil and gas and marine industries, and enable renewable energy projects to reliably deliver power to the utility grid. TREIA provides AETI with a unique opportunity to leverage our traditional energy business to help diversify Texas' energy options."
AETI's renewable energy solutions include utility-scale solar inverters and wind converters, utility-interconnect systems including switchgear and power distribution systems, solar project electrical construction and start-up/commissioning power services for wind farms and solar projects. AETI is also able to provide electrical turn-key solar project solutions.
TREIA is a nonprofit founded in 1984 and comprises more than 500 companies and individuals in the solar, wind, biomass, geothermal and hydro electric products and services industries. The association functions as an advocate for energy and energy independence, as well as a referral service for those seeking access to renewable energy expertise and technology.
Through its membership, American Electric Technologies will have the ability to help influence current legislation surrounding renewable energy, as well as gain information about grants and contracts. As an organization, TREIA receives regular inquiries from potential developers, investors, distributors, suppliers and individuals, and functions as a referral service for its members to increase their business opportunities. The organization also hosts and participates in various forums, trade shows and networking events including the recent Texas Energy Independence Week where Dauber participated on a TREIA-sponsored panel called "The Business Case for A Robust Role for Renewable Energy in Texas' Energy Mix."
"We are pleased to welcome American Electric Technologies to TREIA," said Russel E. Smith, Executive Director, Texas Renewable Energy Industries Association. "AETI brings new expertise in power delivery and experience in the wind and solar markets that will benefit all members of TREIA. We look forward to learning from AETI and bringing more renewable energy options to Texas."
American Electric Technologies, Inc. (Nasdaq:AETI) is the premium supplier of custom-designed power delivery solutions to the traditional and renewable energy industries. AETI offers M&I Electric™ power distribution and control products, electrical services, and E&I construction services, as well as American Access Technologies zone enclosures, and Omega Metals custom fabrication services. South Coast Electric Systems L.L.C., a subsidiary, services Gulf Coast marine and vessel customers.
AETI is headquartered in Houston and has global sales, support and manufacturing operations in Beaumont, Texas, Keystone Heights, Fla. and Bay St. Louis, Miss. In addition, AETI has minority interests in three joint ventures which have facilities located in Xian, China, Macae, Brazil and Singapore. AETI's SEC filings, news and product/service information are available at www.aeti.com.
Forward Looking Statements
Except for the historical and present factual information contained herein, the matters set forth in this document, including statements regarding the anticipated results of our international joint ventures are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. There are many risks, uncertainties and other factors that can prevent the achievement of our goals or cause results to differ from those expressed or implied by these forward-looking statements including, without limitation, the risks inherent in doing business outside of the U. S. such as political, social and economic instability, currency fluctuations and conversion restrictions. These and other risks which may impact management's expectations are described in greater detail in filings made by the Company with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise its forward-looking statements even if experience or future events make it clear that any of the anticipated results expressed or implied herein will not be realized.
Texas Renewable Energy Industries Association (TREIA) http://www.treia.org is the oldest renewable energy non-profit trade organization in Texas whose work promoting development of renewable resources and their wise use has spanned a quarter of a century.
SOURCE: American Electric Technologies, Inc.© Copyright 2011, GlobeNewswire, Inc. All Rights Reserved