American Electric Technologies, Inc

American Electric Technologies, Inc. (AETI) is a leading global provider of power delivery solutions to the traditional and renewable energy industries.

Initially founded in Beaumont and known as M&I Electric, AETI is headquartered in Houston and has global sales, support and US manufacturing operations in Texas, Florida and Mississippi. In addition, AETI has interests in two joint ventures in Singapore, and Xian, China.

The company has a worldwide customer base of leading energy companies with total global revenues of over $100M per year. 

American Electric Technologies is a publicly listed company on the NASDAQ stock exchange, ticker symbol is AETI.

AETI offers M&I Electric™ power distribution and control products, electrical services and E&I construction services. South Coast Electric Systems, LLC, an M&I subsidiary, provides products and services to the Gulf Coast vessel and industrial markets.

Our Mission is to enable global traditional and renewable energy companies to safely and effectively meet the world’s growing energy requirements.

Our Vision is to be the global leader in innovative power delivery infrastructure solutions including products, construction and services to safely generate, distribute and utilize electrical power.

Just as Cisco Systems (NASDAQ: CSCO) makes the network infrastructure solutions (switches and routers) that enables the performance and reliability of the internet industry, AETI makes the power infrastructure solutions (switchgear and inverters) that enables the performance and reliability of the energy industry.

Our customers include traditional oil and gas companies, including off-shore and land drilling, production operators, marine vessels, pipelines, and refineries. We also serve traditional power generation, transmission, co-generation and alternative energy markets, including geothermal, biomass and solar.

Our core competencies begin with our ability to apply proven, reliable electrical technologies to overcome complex power engineering challenges. Our power delivery experts design and implement the most optimal solution for our customers’ complex requirements. Our electrical engineers and project managers also recognize and help our customers navigate through the pressures involved with complex projects such as limited internal resources, quick response/turn-around projects, dealing with changing/evolving requirements, and managing multi-vendor equipment.

We specialize in helping our customers by providing global turn-key projects with 24 hour service/support, delivering total system responsibility.

American Electric Technologies, Inc. Timeline of Innovation

1946 - Founded as M&I Electric Industries, Inc. in Beaumont, Texas, American Electric Technologies, Inc. (AETI) has provided electrical products and services to the Gulf Coast marine and industrial markets for over 60 years. The company has established a reputation as the leading provider of highly reliable and innovative power distribution and control equipment for critical oil and gas drilling and production customers.

1984 - The current executive officers acquired the company and two years later opened the Houston manufacturing facility.

1994 - Announced the formation of its first international operation by forming a joint venture with Oakwell Industries of Singapore, distributor of engineering products, to focus on offshore and marine applications in Singapore and the Southeast Asia market called M&I Electric Far East PTE Ltd.

1995 - Augmented traditional switchgear product lines and introduced their first digital DC drive product.

2002 - Announced a new digital AC drive product optimized for drilling applications.

2003 - Acquired the assets of Contec Electric and formed South Coast Electric in Bay St. Louis, Mississippi, to service the marine and vessel customers in the Louisiana, Mississippi and Alabama markets.

2004 - Expanded drive technology product portfolio by acquiring the assets of Hill Hayes, a leading DC drive manufacturer.

2006 - Introduced liquid-cooled high horsepower AC variable frequency drive, optimized for space-constrained marine markets. Also, the company took the next step in its international expansion plans with the announcement of a joint venture with China National Petroleum Company’s drilling rig equipment company Bomco, to form BOMAY to focus on manufacturing, sales and service for the fast-growing China oil and gas markets, and to provide sourcing capabilities for international projects.

2007 - American Access Technologies, Inc. (NASDAQ: AATK) and M&I Electric Industries, Inc. announced the completion of their previously announced merger. The newly-combined company will operate as American Electric Technologies, Inc. and began trading on this day on the NASDAQ Capital Market under the symbol “AETI.”

2008 – The company entered the wind energy industry with the introduction of a 1MW wind power converter system for direct drive wind turbines. The company also introduced the world’s first 38KV wind farm switchgear with the industry’s highest performance and integrated Arc-mitigation safety technology.

2009 - Charles M. Dauber appointed Chief Executive Officer and Arthur G. Dauber named Chairman, signaling the transition of the management team for the next phase of the strategic growth plan.

2010 - The company began operation of its third international Joint Venture by establishing AETI Alliance Group (AAG), a joint venture with 5 Star Services in Macae Brazil, to pursue the fast growing Brazilian energy market.

2011 – The company announces ISIS™, the world’s first 1000 Volt, 1 MW Integrated Solar Inverter approved to 1741 requirements.

The Culture of Quality at AETI
AETI, “QUALITY” is a major part of our culture. Quality stands equally as high in priority as safety. The employees at AETI are not only provided training but also tools and standards to produce quality results. Our Quality System focuses on identifying and eliminating any issues, therefore the quality standards followed on each and every project produced by AETI are truly Quality.

AETI's Quality Policy 
It is the Policy of AETI to provide quality technical products and services in support of our mission and to be responsive to the individual and collective needs of our clients.  All of the commitments made to our clients, supporting actions, and services delivered must be recognized as expressions of quality.  We pledge to monitor our performance as an ongoing activity, to strive for continuous improvement in our products and services, and to comply with requirements and continually improve the effectiveness of the quality management system.

Delighting Customers
At AETI customers are the center of our workplace world: They define quality. We understand that customers expect performance, reliability, competitive prices, on -time-deliver, good customer service, and more. We at AETI know that just being good is not enough. Customer satisfaction is priority, because if we don’t do it someone else will.

AETI’s Pledge
With over 60 years of experience in providing custom solutions to meet the needs of our customers. Our employees pledge to monitor their performance and improve the products and services provided to our customers. Our extended range of high quality product offerings is unmatched in the industries we serve. These products have earned us a world wide reputation for proven reliability across a diverse array of demanding industrial and marine applications. This reputation is based on 50 plus years experience, the dedication of our people and the commitment to field hardened and field proven manufacturing procedures.

AETI / M&I Electric products hold ISO 9001:2008 accreditation and compliance with international specifications, thus underlying our continuing commitment to quality and the highest levels of customer satisfaction.