HOUSTON, Oct. 24, 2012 (GLOBE NEWSWIRE) -- American Electric Technologies, Inc. (Nasdaq:AETI), a leading global supplier of power delivery solutions for the energy industry, announced today that Sidoti & Company, LLC has initiated research coverage on the Company.
The Sidoti micro-cap universe ratings are based on a proprietary matrix that ranks companies according to five key metrics: Earnings, Cash Flow, Balance Sheet, PEG Valuation and Governance. The five components are ranked from 1-5, with 5 being the highest rating and 1 being the lowest. A sum of individual parameters equal to 18 or higher equate to a BUY rating.
In their research report issued October 23, 2012, AETI received a BUY rating after receiving a total sum of 21 (Earnings = 4, Balance Sheet = 5, Cash Flow = 4, Corporate Governance = 3, and PEG Valuation = 5).
Questions regarding this research report may be directed to AETI's investor relations department at 713-644-8182 or investorrelations@aeti.com.
About American Electric Technologies, Inc.
American Electric Technologies, Inc. (Nasdaq:AETI) is a leading global provider of power delivery solutions to the energy industry. 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, Florida and Bay St. Louis, Mississippi. In addition, AETI has minority interests in three joint ventures in Xian, China, Singapore and Macae, Brazil. AETI's SEC filings, news and product/service information are available at www.aeti.com.
Forward Looking Statements
This press release contains forward-looking statements, as defined in Section 27A of the Securities Exchange Act of 1934, concerning anticipated future demand for our products, international expansion, and other future plans and objectives. While the Company believes that such forward-looking statements are based on reasonable assumptions, there can be no assurance that such future revenues, profits, plans and objectives will be achieved on the schedule or in the amounts indicated. Investors are cautioned that these forward-looking statements are not guarantees of future performance. Actual events or results may differ from the Company's expectations, and are subject to various risks and uncertainties, including those listed in Item 1A of the Form 10-K filed with the Securities and Exchange Commission on March 30, 2012. 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 projected results expressed or implied herein will not be realized.
About Sidoti & Company, LLC
Sidoti & Company, LLC, founded in 1999, continues to set the Wall Street standard for independent small-cap (i.e., companies with sub-$3 billion market capitalizations) equity research. The firm covers 502 small-cap equities and anticipates extending coverage to 550 by the end of 2012. Leveraging its small-cap research lead, Sidoti is also rapidly becoming a driving force in micro-cap research, launching coverage of more than 400 equities with market capitalizations of $250 million or less since mid-2010. The firm contends that, while inexplicably ignored by investors, many micro-cap equities offer favorable P/E, cash flow and low debt. Sidoti easily surpassed a goal to cover more than 250 micro-cap equities by early 2011 and now aims to cover 550 names by the end of 2012. Sidoti research is exclusive to institutional investors, and the firm's deep, experienced sales force and trading desk serve hundreds of clients in the U.S., Canada, and the U.K. A Sidoti hallmark is corporate access, with the firm arranging at least 1,000 management marketing meetings per year and hosting several Investor Forums in New York City.