Breaking News

Globalfoundries to Buy IBM's Chip Unit; IBM Sees Pretax Charge $4.7 Billion
Tweet TWEET

ENGlobal Announces First Universal Master Control Station(TM) Installation

ENGlobal Announces First Universal Master Control Station(TM) Installation

Patent-Pending, Vendor-Independent Subsea Control System

HOUSTON, Oct. 15, 2013 (GLOBE NEWSWIRE) -- ENGlobal Corporation (Nasdaq:ENG),
a leading provider of energy-related engineering and automation services,
announced today that its first patent‑pending Universal Master Control
Station™ (UMCS™) has been successfully installed on an offshore platform in
the Gulf of Mexico for a major international oil and gas company. The UMCS™
provides a standardized interface between industry available subsea production
systems and topsides production facilities.

"We are pleased to reach this significant milestone and look forward to
pending deployments of the UMCS™ technology," said William A. Coskey, P.E.,
ENGlobal's Chief Executive Officer. "ENGlobal intends to utilize the UMCS™
platform as the basis for further subsea controls integration projects,
including hydraulic power and electrical systems. As a Subsea Controls
Integrator (SCI), we offer added value to our customers by utilizing our
execution skills to manage technically complex subsea projects."

The UMCS™ is a control station used primarily to monitor and control subsea
production equipment, with features including:

  *Integration of multiple subsea equipment vendors within a single master
    control station;
  *Operable in new or existing subsea production/injection areas;
  *Scalable object-based programming software utilizing off-the-shelf
    commercial hardware;
  *Standardized interface to subsea communication units, distributed control
    systems, electrical power units, and hydraulic power units; and
  *Easily configurable operational graphics, security protection, interlocks,
    and shutdown sequences tailored via the UMCS Client Configuration Tool™.

As previously reported, the UMCS™ has been in development since 2006, with
coordination between ENGlobal, its client and leading providers of subsea
equipment and services. The Company acquired the subsea control system
technology – and initiated its U.S. patent process – in 2010 in order to
expand into the active offshore upstream market.

About ENGlobal

ENGlobal (Nasdaq:ENG) is a provider of engineering and related project
services primarily to the energy sector throughout the United States and
internationally. ENGlobal operates through two business segments: Automation
and Engineering. ENGlobal's Automation segment provides services related to
the design, fabrication and implementation of advanced automation, control,
instrumentation and process analytical systems, including integration of
subsea control equipment.The Engineering segment provides consulting services
for the development, management and execution of projects requiring
professional engineering, construction management, and related support
services. Further information about the Company and its businesses is
available at www.ENGlobal.com.

Safe Harbor for Forward-Looking Statements

The statements above regarding the Company's expectations regarding its
operations and certain other matters discussed in this press release may
constitute forward-looking statements within the meaning of the federal
securities laws and are subject to risks and uncertainties including, but not
limited to: (1)our successful execution of this project award and our receipt
of prompt payment for the services we render to our client; (2)our ability to
comply with the terms under the new credit facility; (3)our ability to
realize the anticipated benefit from the divestiture of our Gulf Coast
engineering and in-plant operations, including our ability to complete the
transition plan; (4)our ability to achieve profitability and sustainable
positive cash flow from our operations; (5)the effect of changes in
accounting policies and practices as may be adopted by regulatory agencies, as
well as by the Financial Accounting Standards Board; (6)the effect of changes
in the business cycle and downturns in local, regional and national economy
and our ability to respond appropriately to the current worldwide economic
financial situation;(7)the effect on the Company's competitive position
within its market area in view of, among other things, the increasing
consolidation within its services industries, including the increased
competition from larger regional and out-of-state engineering and professional
service organizations; (8)the effect of increases and decreases in commodity
prices; (9)the availability of parts from vendors; (10)our ability to
collect accounts receivable in a timely manner; (11)our ability to accurately
estimate costs and fees on fixed-price contracts; (12)our ability to hire and
retain qualified personnel; (13)our ability to retain existing customers and
get new customers; (14)our ability to mitigate losses; (15)our ability to
achieve our business strategy while effectively managing costs and expenses;
(16)our ability to estimate exact project completion dates; (17)our ability
to effectively monitor business done outside of the United States; (18)the
performance of the energy sector; (19)the effect of changes in laws and
regulations with which the Company must comply, and the associated costs of
compliance with such laws and regulations, either currently or in the future,
as applicable; and (20)the uncertainties of the outcome of litigation. Actual
results and the timing of certain events could differ materially from those
projected in or contemplated by the forward-looking statements due to a number
of factors detailed from time to time in ENGlobal's filings with the
Securities and Exchange Commission. In addition, reference is hereby made to
cautionary statements set forth in the Company's most recent reports on Form
10-K and 10-Q, and other SEC filings.

Click here to join our email list:
http://www.b2i.us/irpass.asp?BzID=702&to=ea&s=0.

CONTACT: Natalie S. Hairston
         (281) 878-1000
         ir@ENGlobal.com

ENGlobal Logo
 
Press spacebar to pause and continue. Press esc to stop.