$AETI American Electric Tech scores "break-in win" with Brazil contract
American Electric Technologies (AETI +10.8%) surges on news it was awarded a $1.4M contract for a substation modernization project in Brazil, a step the company calls a "break-in win" for its Brazilian business.
The contract calls for AETI to provide specialized services for the modernization of a 138KV main substation for a large Brazilian mining conglomerate.
AETI also announces the opening of its newest Brazilian office in Belo Horizonte.
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