AETI, Five Star Services, Lifting Services form Brazil alliance

American Electric Technologies (AETI) has entered into an alliance agreement with Five Star Services and Lifting Services.

Offshore staff

NEW ORLEANS -- American Electric Technologies (AETI) has entered into an alliance agreement with Five Star Services and Lifting Services. The newly formed AETI Alliance Group will provide full power distribution and control system design, manufacturing, and offshore services to the Brazilian offshore drilling and marine markets.

The three companies have agreed to integrate their offerings and to begin the process to create a joint venture entity. AETI has allied with Lifting and Five Star Services to manufacture electrical switchgear and drives, and provide electrical services in Brazil. These products and services will be provided for oil and gas drilling, production and service vessels.

With the support of technology and manufacturing processes from AETI, the alliance will fabricate, assemble, and test products in Brazil and deliver to local customers. These products will be commissioned and supported by local Brazilian technical service staff. Construction and installation services will also be available on a local basis. In addition, the alliance has the capability to fabricate steel modules and completely outfit drilling and marine electrical systems.

12/04/2008

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