M&I Electric is now American Electric Technologies, Inc.

HOUSTON, April 30, 2007- M&I Electric Industries, Inc., a provider of electrical products and services to the Gulf Coast marine and industrial markets, today announced that as part of a corporate transformation, it will now be called American Electric Technologies, Inc. (AETI). For more than 60 years, the company has delivered high quality electrical products and services to the oil and gas industries, and the new name represents the company's response to the market's growing global demand for power delivery technologies.

"Our growth and technological advances have led us to adopt a name that better reflects who we are and the value our power delivery solutions deliver to the global energy industry," said Arthur Dauber, president and chief executive officer of American Electric Technologies. "We've experienced exceptional growth, developed state-of-the-art power distribution and control technologies and created global partnerships that have placed us in a unique position to meet high industry demand."

AETI's custom-designed power delivery solutions provide reliable and safe power distribution and control to energy companies in some of the most remote locations and harshest conditions in the world. The company has delivered more than 10,000 power delivery systems to companies like Diamond Offshore, Transocean, Global Santa Fe, Williams, Noble and Ensco to name a few.

"We look forward to working with American Electric Technologies as we expand our global offshore drilling business for exploratory and developmental oil and gas wells," said Joel Miranda, electrical supervisor for Atwood Oceanics, a leading international drilling contractor.

AETI will continue to provide the same high quality M&I electrical products and services to which its customers are accustomed, but through planned expansions, will now be able to help customers who require new advanced power delivery technologies, and those with quicker project cycle times with limited personnel resources.

"We are also expanding our focus on advanced power delivery technologies to include alternative energy industries such as wind power, biomass, ethanol and other emerging clean power sources," said Charles Dauber, AETI senior vice president of marketing and sales. "This represents a significant growth opportunity for the company as we leverage our power delivery expertise to enable these emerging energy sources."

American Electric Technology, Inc. (AETI) (formerly M&I Electric Industries, Inc.) is the premium global supplier of custom-designed power delivery solutions to the traditional and alternative energy industries. For more than 60 years, the company has delivered high quality power distribution and control products, technical field services and E&I construction services to the Gulf Coast oil and gas industries, including land and offshore drilling companies and production operators. AETI is headquartered in Houston and has global sales, support and manufacturing operations in Beaumont, Texas; Mississippi, Singapore and China. For more information about AETI, visit www.aeti.com.