American Electric Technologies, Inc. (AETI) is a leading provider of power delivery solutions to the global energy industry. Our mission is EmpoweringEnergy™ – enabling energy companies to safely and effectively meet the world’s growing energy demands.
The company was founded in Beaumont Texas in 1946 and has the following operations:
- AETI corporate headquarters in the energy corridor in Houston Texas.
- M&I Electric Brazil with locations in Rio de Janeiro, Macae and Belo Horizonte, Brazil.M&I Electric Brazil Sistemas e Serviços em Energia LTDA (M&I Electric Brazil) is a 100% owned subsidiary. Facilities and service centers are located in Macae/RJ, Rio de Janeiro/RJ and Belo Horizonte/MG, Brazil. Service offering includes technical field and in shop service, electrical maintenance, testing and repair of electrical equipment such as switchgear, drives, motors & generators, breakers, relays and transformers. These services are provided by over 100 highly trained technicians, service engineers and electricians. Products offered are low and medium voltage IEC switchgear and automation systems. Key markets served are offshore oil drilling and production, power generation and industrial such as mining and steel.
- BOMAY– our China joint venture with China National Petroleum Company (CNPC).BOMAY Electric Industries Company, Ltd. Located in Xian, China, is a joint venture with Baoji Oilfield Machinery Company, Ltd. a subsidiary of China National Petroleum Corporation, which owns 51%, AA Energies, which holds 9% and AETI, which owns 40%. BOMAY is the leading manufacturer of power control systems for land drilling as well as other oil and gas related electrical products for drilling and production applications, including power grid drilling rig control systems, workover rigs, direct drive mud pump motors and controls, direct drive drawworks control systems, and medium voltage drives for fracking pumps. Equipment is sold for both domestic Chinese use as well as export.
American Electric Technologies is a publicly listed company on the NASDAQ stock exchange, ticker symbol is AETI.
Our strategy is to have a balanced, counter-cyclical approach to the global energy industry. The company is well positioned in the upstream, midstream and downstream oil and natural gas markets. In addition, the company has significant presence in the power generation and distribution sector. The company also continues to participate in complimentary sectors including the marine vessel market and the general industrial markets.
The company also utilizes a balanced geographic approach, with a mix of energy markets including the China and Brazil.