MissionIR would like to highlight
ENGlobal Corp. (
NASDAQ: ENG), an engineering services firm that specializes in oil and gas automation solutions, subsea control systems, and engineering and construction projects. Housed within its Subsea Controls and Integration (SCI) group is the company’s patented Universal Master Control Station (UMCS), the result of a collaborative development effort with a major global oil company that recognized an important need in the offshore oil and gas industry.
In the company’s news,
Houston-based ENGlobal (NASDAQ:ENG) is a specialty engineering firm charting its path to become a preferred provider of innovative automation integration services and select EPCM (engineering, procurement and construction management) projects worldwide. The company is specifically focused on oil and gas automation solutions, subsea control systems and engineering construction projects for energy and government sectors both domestically and abroad.
Through nearly 30 years of operations as a growing provider of energy-related automation and engineering services, ENGlobal has established several strategic business segments: Automation, EPCM, and Subsea Controls and Integration (SCI).
In addition to providing a range of services pertaining to the design, fabrication and implementation of distributed control, instrumentation and process analytical systems, ENGlobal’s Automation segment offers products and services supporting the environmental technology fields.
The EPCM segment provides consulting services for the development, management and execution of projects requiring professional engineering, construction management, and related support services. Within this segment, ENGlobal’s Government Services group provides engineering, design, installation and operation and maintenance of various government, public sector and international facilities, and specializes in the turnkey installation and maintenance of automation and instrumentation systems for the U.S. defense industry worldwide.
ENGlobal’s Subsea Controls and Integration (SCI) group provides advanced process automation design, engineering service and equipment for the effective integration of communication protocols between topsides production facilities and subsea devices. The SCI team was initiated when a major global E&P company set out to standardize the subsea process control environment. In 2008, ENGlobal’s SCI group was commissioned to further develop the concept commencing with a detailed design. Working together, they defined a long-term vision and commercialization plan for a now patented Universal Master Control Station (UMCS) that could communicate to virtually any subsea equipment.
As a top-ranked energy-related automation and engineering services provider, an effective and reliable workforce is key to successful operations. ENGlobal has created a global workforce of more than 400 industry leaders specialized and highly capable in all applicable fields. The company is guided by a highly
experienced core leadership team that keeps the company on pace in a large and competitive market that includes Houston-based KBR, Inc. (NYSE: KBR), which
serves the global hydrocarbons and government services industries; and California-based Jacobs Engineering Group, Inc. (NYSE:JEC).
While all three companies share similar offerings, ENGlobal’s smaller market cap and lower trading price makes it an attractive option for investors looking
for a cheaper, but long-standing and reputable investment in the engineering space.
When you’re looking at ENGlobal as a potential investment, pair your own due diligence with the following highlights:
• Years of automation expertise and broad industry experience to customers worldwide
• Innovative, cost-effective automation, instrumentation and specialty construction projects
• Consistently ranked by Engineering News Record magazine as a Top 500 engineering design firm
• Complete range of fully integrated process, power and control solutions for projects worldwide
• Patented Universal Master Control Station™ (UMCS™) and industrial Heating, Ventilation and Air Conditioning HVAC™ solutions
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
