updated 3/10/2011 9:16:31 AM ET 2011-03-10T14:16:31

HOUSTON, March 10, 2011 (GLOBE NEWSWIRE) -- American Electric Technologies, Inc. (Nasdaq:AETI) the premium provider of power delivery solutions for the traditional and renewable energy industries, today announced the appointment of Frank Davis as the new director of oil and gas business development. This newly created role is focused on accelerating the company's market share in the oil and gas drilling market.

"The growth in energy demand is driving additional exploration in the Marcellus Shale and other unconventional basins throughout the U.S.," said Charles Dauber CEO of AETI. "This presents significant opportunities for our company as we leverage our traditional land drilling power system technologies to these markets."

Davis joins AETI after 13 years with National Oilwell Varco (NOV), most recently as director of electrical sales. Prior to that role, Davis was North and South America sales manager. In his 13 years at Ross-Hill/National Oilwell Varco, he was responsible for generating more than $600 million in revenue.

Davis has significant drilling rig power systems experience, including Ross-Hill and Hill-Hayes analog SCR drives up to modern AC Variable Frequency Drives (VFDs). He has also held sales and power system application roles at companies such as Tech Power Controls and C&G Industrial Supply. Davis is a fifth generation Texan and received his Bachelor of Science in Engineering Technology/Industrial Distribution from Texas A&M University in College Station.

Davis reports directly to James Steffek, the president of AETI's M&I Electric business.

"Frank's work in building up NOV's power systems group has given him a reputation for being one of the most successful sales executives in the drilling industry," said Steffek. "We are pleased to welcome Frank to our team, and are confident his leadership will enable AETI to maximize opportunities for our oil and gas drilling operations."

Davis will be responsible for building the company's market share for the company's complete portfolio of drilling rig power solutions, including:

  • Analog SCR (Hill-Hayes) drives
  • Digital SCR drives
  • AC Variable Frequency Drives (VFD)s
  • Generator Control Switchgear
  • Drilling Rig Control Systems
  • Power Control Rooms
  • Complete Rig-Out

"AETI has a proven reputation in the drilling rig market," said Davis. "I look forward to helping make AETI the leading oil and gas power system supplier."

American Electric Technologies, Inc. (Nasdaq:AETI) is the premium supplier of custom-designed power delivery solutions to the traditional and renewable energy industries. AETI offers M&I Electric™ power distribution and control products, electrical services, and E&I construction services, as well as American Access Technologies zone enclosures, and Omega Metals custom fabrication services. South Coast Electric Systems L.L.C., a subsidiary, services Gulf Coast marine and vessel customers.

AETI is headquartered in Houston and has global sales, support and manufacturing operations in Beaumont, Texas, Keystone Heights, Fla. and Bay St. Louis, Miss. In addition, AETI has minority interests in three joint ventures which have facilities located in Xian, China, Macae, Brazil and Singapore. AETI's SEC filings, news and product/service information are available at www.aeti.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.

CONTACT: Media Contacts:
         Ward Creative Communications for
         American Electric Technologies, Inc.
         713-869-0707
         Shanta Mauney, smauney@wardcc.com
         OR
         Catie Jenschke, cjenschke@wardcc.com
         Investor Contacts:
         American Electric Technologies, Inc.
         Frank Pierce, 713-644-8182
         investorrelations@aeti.com

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