Got lucky timing wise $6mill new biz today, PR out
ENG looks like even better value today.
ENGlobal Announces Project Awards
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Englobal Corp. (MM) (NASDAQ:ENG)
Intraday Stock Chart
Today : Monday 14 December 2015
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ENGlobal (NASDAQ:ENG), a leading provider of automation and engineering services, today announced its success in being awarded three new projects in late November with a combined value of approximately $6 million. This new work for the Company's Automation Segment serves to illustrate its wide range of expertise in both engineering and fabrication, and in the key areas of electrical power, control systems and process analytics.
More specifically, ENGlobal has been selected by a major refining client in the Rocky Mountains to design, fabricate and supply a modular Power Distribution Center, which is needed to provide critical electrical switchgear for their operations.
The Company will also provide the full scope of controls engineering and systems equipment for a midstream energy master limited partnership. This work is integral to a new crude oil transportation and storage facility to be located on the Texas Gulf Coast.
Finally, ENGlobal has been selected as the designer and supplier of all online process analytical equipment for a new chemical production facility on the U.S. Gulf Coast. ENGlobal will deliver this equipment beginning in the second quarter of next year, with extended deliveries throughout the second half of 2016.
"Our past performance and ability to provide complete engineered solutions for our clients is a critical element for our success," said William A. Coskey, P.E., Chairman and Chief Executive Officer of ENGlobal. "I would like to thank these three important clients for their confidence and include a note of appreciation to our teams for their technical contributions."
