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HOUSTON, TX / ACCESSWIRE / August 18, 2022 / ENG (NASDAQ: ENG), a number one supplier of cutting edge undertaking supply answers, lately introduced that its wholly owned subsidiary, ENGlobal Executive Products and services, Inc. (“EGS”), has been designated as certainly one of 3 top contractors via the USA Military Corps of Engineers (“USACE”) on a $20 million five-year contract to strengthen and improve regulate machine installations at hydroelectric amenities throughout the USACE’s South Atlantic area.
As consistent with the phrases of the contract, EGS will compete with the opposite two contractors for the award of process orders for such assignments as era upgrades and refreshes of present methods, new machine designs and installations, and existence cycle repairs of latest and present methods.
The contract has been designated via USACE as Indefinite Supply Indefinite Amount, or IDIQ, which means that the full amount of services and products to be delivered via ESG and the opposite contractors can’t be made up our minds at the moment. Subsequently, this contract might not be incorporated in EGS’s backlog till a job order beneath the contract is awarded.
Commenting at the new award, EGS senior vp Kevin Holfeld stated, “We’re extraordinarily proud to amplify our services and products into the Military Corps of Engineers, providing USACE the similar cutting edge and state-of-the-art regulate methods era we’ve got been offering to the U.S. protection trade international.
“For over fifteen years, ENG has been commemorated to offer wide-ranging world answers to fulfill our govt’s era necessities, and thru this new variety, we sit up for offering those services and products for many years yet to come.”
Lately’s award follows a freelance received via EGS on April 28 to put into effect a Supervisory Keep watch over and Information Acquisition, or SCADA, machine improve and alternative for a big midwestern public faculty district.
EGS makes a speciality of the turn-key set up and upkeep of automation and instrumentation methods for governmental entities international.
About ENG
ENG is a number one supplier of cutting edge, whole undertaking supply answers to the power sector during america and the world over. ENG operates thru two industry segments: Industrial and Executive Products and services. ENG’s Industrial phase supplies services and products associated with the engineering, design, automation, integration, fabrication and building of up-stream, mid-stream and down-stream oil, fuel and chemical processing. ENG’s Executive Products and services crew supplies equivalent services and products to governmental entities. Additional details about the Corporate and its companies is to be had at www.ENGlobal.com.
Secure Harbor for Ahead-Having a look Statements
The statements above in regards to the Corporate’s expectancies referring to its operations and sure different issues mentioned on this press unlock might represent forward-looking statements throughout the which means of the federal securities rules and are matter to dangers and uncertainties, together with the timing, quantity and scope of any awarded process order and the quantity of pending proposals and backlog. Precise effects and the timing of sure occasions may just vary materially from the ones projected in or pondered via the forward-looking statements because of a variety of components detailed every now and then in ENGlobal’s filings with the Securities and Change Fee. As well as, reference is hereby made to cautionary statements set forth within the Corporate’s most up-to-date studies on Shape 10-Okay and 10-Q, and different SEC filings.
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Contacts:
Marketplace Makers – Investor Members of the family
Jimmy Caplan
512-329-9505
[email protected]
Marketplace Makers – Media Members of the family
Rick Eisenberg
212-496-6828
[email protected]
SOURCE: ENGlobal
View supply model on accesswire.com:
https://www.accesswire.com/712497/ENG-Wins-Top-Spot-on-20-Million-Contract-with-US-Military-Corps-of-Engineers
