TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Instagram Outage Disrupts Thousands of U.S. Users 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
HOUSTON, Aug. 24, 2016 -- American Electric Technologies, Inc. (NASDAQ:AETI), a leading provider of power delivery solutions for the global energy industry, announced today that its M&I Electric business has recently completed delivery and commissioning of a biomass power generation control system project in Kauai, Hawaii.
M&I provided the highly customized control system for the biomass power generation project for the Kauai Island Utility Cooperative, which has deployed a combination renewable energy strategy of solar, biomass and hydroelectricity to meet its power demand requirements and improve grid stability.
This 7-megawatt plant just outside Lihue provides 12 percent of Kauai’s power. One of the first plants of its kind in this country, the $90-million project burns wood chips from invasive species and from locally grown trees.
“We are pleased to be able to support this important renewable energy project for Kauai with our biomass power generation control systems,” said Charles Dauber, president and chief executive officer, AETI. “This project exemplifies our mission of Empowering Energy™ and shows progress in our growth strategy of working with traditional and renewable power generation projects around the world.”
Power generation control systems are part of the M&I Electric turnkey power delivery solutions portfolio which includes custom-designed medium and low voltage traditional switchgear, Arc-resistant switchgear, Power Distribution Centers (PDCs), power conversion equipment, automation and control solutions, construction and electrical services.
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 Beaumont, Texas, Rio de Janeiro and Macae, Brazil and a Joint Venture in located in Xian, China. AETI’s SEC filings, news and product/service information are available at www.aeti.com.
Contact: Bill Brod Senior Vice President 713-644-8182
