American Electric Technologies (AETI)

[BSWB]

American Electric Technologies Completes Power Retrofit for Hornbeck's Multi-purpose Supply Vessels (MPSV)
Tuesday October 9, 10:30 am ET
370-ft. service vessels among the world's largest


HOUSTON--(BUSINESS WIRE)--American Electric Technologies, Inc. (NASDAQ:AETI - News), the premium supplier of custom-designed power distribution and control solutions for the traditional and alternative energy industries, today announced its subsidiary, South Coast Electric Systems, L.L.C., recently completed a $300,000 power retrofit project for two, 370-ft. new generation DP-2 multi-purpose supply vessels (MPSV) owned by Hornbeck Offshore Services, Inc. (NYSE:HOS - News), a leading provider of technologically advanced, new-generation offshore supply vessels that regularly transport goods, supplies or equipment to support the exploration or production of offshore energy resources.

In an effort to support the marine and energy industry's emerging trend for more versatile and efficient vessels, American Electric Technologies delivered American Bureau of Shipping (ABS)-class generator controls and power distribution switchgear for two of the world's largest high-end, ultra-deepwater MPSVs. Hornbeck plans to use the vessels to provide traditional offshore supply vessel capabilities and support offshore construction, subsea well intervention, ROV operations, pipeline commissioning, pipe-hauling and floating accommodation services, to name a few.

Dan Gaiennie, Hornbeck Offshore's director of engineering, said, "We embarked on this conversion due to customer demand for larger, more versatile vessels. Likewise, we wanted a company like American Electric Technologies to supply the custom power delivery systems that enable that versatility. The company did a stand-up job with the delivery on this project."

In May 2005, Hornbeck launched the MPSV program to convert two coastal sulfur tankers with the help of Maine-based Cianbro Corp. and Bath Iron Works. The two vessels are unlike any vessel currently operating in the Gulf of Mexico (GOM) because they were designed to have multiple U.S. Coast Guard and ABS-class certifications. The new MPSVs are set to deliver in 2008.

"We take pride in delivering such custom solutions for companies like Hornbeck, and we recognize our power systems are helping companies keep up with the industry's global regulatory requirements and certifications while supporting the demand to explore farther, deeper and drill faster," said Charles Dauber, senior vice president of marketing and sales for AETI.

American Electric Technologies, Inc. (NASDAQ:AETI - News) is the premium supplier of custom-designed power delivery solutions to the traditional and alternative energy industries. AETI offers M&I Electric(TM) power delivery products, electrical services, and E&I construction services, as well as American Access Technologies zone enclosures, and Omega Metals custom fabrication services.

AETI is headquartered in Houston and has global sales, support and manufacturing operations in Keystone Heights, Fla., Beaumont, Texas, Bay St. Louis, Miss., Singapore and Xian, China. AETI subsidiary South Coast Electric Systems L.L.C is based in Pearlington, Miss. and services Gulf Coast marine and vessel customers. AETI's SEC filings, news and product/service information are available at www.aeti.com.

Hornbeck Offshore Services, Inc. (NYSE:HOS - News), headquartered in Covington, La., is a leading provider of technologically advanced, new generation offshore supply vessels (OSVs) serving the offshore oil and gas industry, primarily in the U.S. Gulf of Mexico and in select international markets. The focus of Hornbeck's OSV business is on marine support for complex exploration and production activities, which include deepwater, deep well and other logistically demanding projects. Hornbeck is also a leading transporter of petroleum products through its ocean-going tug and tank barge segment serving the energy industry, primarily in the northeastern United States and Puerto Rico. For more information, please visit www.hornbeckoffshore.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.



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For American Electric Technologies, Inc.
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Source: American Electric Technologies, Inc.

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