Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 
Rio Tinto's California Boron Assets Attract Over a Dozen Bidders, Valued at Up to $2 Billion 
Bill Ackman Eyes New Fund to Bet Against Market Complacency 
San Francisco Suspect Arrested After Molotov Cocktail Attack on OpenAI CEO Sam Altman's Home 
Disney Plans to Cut 1,000 Jobs Amid Ongoing Restructuring Efforts 
NIO ES9 SUV Launch Sends HK Shares Down 7% Despite Bold Pricing Strategy 
Alibaba Shares Slide as Jefferies Slashes Price Target Over AI Spending and Business Losses 
SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20 
Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict 
MATCH Act: How New U.S. Chip Legislation Could Freeze China's Semiconductor Ambitions 
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts 
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth 
Pony.ai, Uber, and Verne Launch Europe's First Commercial Robotaxi Service in Zagreb 
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
OpenAI Addresses Security Vulnerability in macOS App Certification Process 
Second generation IntelliSafeTM Arc-Resistant Switchgear Incorporates Patent Pending Safety Features, 100 Percent PIP Specification Compliance, and Industrial Internet of Things (IIoT) Capabilities
HOUSTON, April 18, 2016 -- M&I Electric, the flagship business of American Electric Technologies, Inc. (Nasdaq:AETI), a leading provider of power delivery solutions for the global energy industry, announced today that its new IntelliSafe™ arc-resistant switchgear has been awarded the prestigious 2016 Product of the Year Award by Electrical Construction & Maintenance (EC&M) magazine.
EC&M selected M&I Electric’s new IntelliSafe™ Arc-Resistant Medium Voltage Switchgear as 2016 Product of the Year in the Power Distribution Equipment category. All product entries were judged by a panel of electrical experts including engineers, contractors and plant personnel selected by the EC&M editorial staff from a pool of the magazine’s readers.
The EC&M Product of the Year competition was established in 2000 to honor excellence in new product development in the electrical industry. The prestigious awards program showcases the most innovative products of the past year and recognizes the talent and commitment of the people involved in product development - from concept through commercialization. EC&M bestows these awards on inventive products that help electrical professionals do their jobs more efficiently and effectively.
All entries will be featured in a special printed tabloid showcase, which will be mailed with the April issue of EC&M and May issue of Electrical Wholesaling. Further, all category winners will be included in an EC&M subscriber website poll to determine the 2016 Overall Product of the Year Platinum, Gold and Silver winners.
The second generation IntelliSafe™ switchgear is a fully customizable, smart arc-resistant switchgear available to support a new level of safety for companies in the petroleum, power generation and other process industries. The IntelliSafe™ switchgear features a patent pending door design with fewer failure points than existing industry solutions, front and rear door interlocks, a mechanical through door breaker lockout system, motorized breaker racking, remote monitoring and control through a human machine interface (HMI), industrial internet of things capability, trending of key data points for preventive maintenance, 100 percent compliance with Process Industry Practices (PIP) specifications, and it meets or exceeds critical IEEE industry standards.
IntelliSafe™ is part of the M&I Electric turnkey power delivery solutions portfolio which includes custom-designed MV and LV traditional switchgear, Power Distribution Centers (PDCs), power conversion equipment, automation and control solutions, construction and E&I services.
"We are very pleased to have been selected as a category winner for the EC&M 2016 Product of the Year competition," said Neal Hare, chief technology officer for M&I Electric. "We believe our new IntelliSafe™ switchgear solves some of the critical issues with current arc-resistant switchgear in the market today and allows our customers to maximize critical life-saving protection for their employees and other operational personnel.”
More information about IntelliSafe™ can be found on M&I Electric’s web site at www.mielectric.com/intellisafe.
About AETI:
American Electric Technologies, Inc. (NASDAQ:AETI) is a leading supplier of power delivery solutions to the global energy industry. AETI offers M&I Electric™ power distribution and control products, E&I electrical and construction services, and marine vessel products and services. During 2016, M&I Electric is celebrating Empowering Energy™ for 70 years.
AETI is headquartered in Houston and has global operations in Beaumont, Texas; Bay St. Louis, Mississippi; and Rio de Janeiro and Macae, Brazil. In addition, AETI has minority interests in two joint ventures, which have facilities located in Xian, China and Singapore. AETI’s SEC filings, news and product/service information are available at www.aeti.com.
Contact: Bill Brod 713-644-8182 [email protected]
