American Electric Technologies, Inc.

HOUSTON, July 29, 2019 (GLOBE NEWSWIRE) -- Stabilis Energy, Inc. (“Stabilis”) f/k/a American Electric Technologies, Inc. (“American Electric” or “AETI”) today announced that the share exchange transaction (the “Transaction”) with Stabilis Energy LLC and its subsidiaries was completed on July 26, 2019. The Transaction and its related proposals, including a company name change and a reverse stock split, were approved by American Electric’s stockholders at a Special Meeting of Stockholders on July 17, 2019American Electric Technologies, Inc. (AETI) is a leading provider of power delivery solutions to the global energy industry. Initially founded in Beaumont and known as M&I Electric, AETI is headquartered in Houston and has global sales, support and US manufacturing operations in Texas, Mississippi, and Brazil. In addition, AETI has interests in two joint ventures in Singapore, and Xian, China. American Electric Technologies is a publicly listed company on the NASDAQ stock exchange, ticker symbol is AETI.