Key Developments: ENGlobal Corp (ENG.PH)

ENG.PH on Philadelphia Stock Exchange

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11 Dec 2014
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Latest Key Developments (Source: Significant Developments)

ENGlobal Corp finalizes credit facility with Regions Bank
Wednesday, 17 Sep 2014 06:55am EDT 

ENGlobal Corp:Says it has closed on a new three-year secured revolving credit facility with Regions Bank.The Regions facility allows the company to borrow up to $10 mln pursuant to a borrowing base formula based primarily on the company's eligible accounts receivable.Regions facility will be used to provide ongoing working capital for ENGlobal and for other general corporate purposes.  Full Article

ENGlobal Corp announces project award
Thursday, 27 Mar 2014 06:55am EDT 

ENGlobal Corp:Its Universal Master Control Station (UMCS(tm)) and Industrial Heating, Ventilation, and Air Conditioning (HVAC(tm)) awarded new projects based primarily on benefits of these respective technologies.  Full Article

ENGlobal Corp gives Q4 2013 revenue guidance
Monday, 10 Feb 2014 06:55am EST 

ENGlobal Corp:Expects Q4 2013 revenue of about $25 million.  Full Article

ENGlobal Corp's ENGlobal Government Services, Inc Announces Expansion of Department of Defense Contract
Monday, 4 Nov 2013 06:55am EST 

ENGlobal Corp's ENGlobal Government Services, Inc announced that it has been awarded an additional delivery order on one of its existing multi-year contracts from the U.S. Department of Defense. The value of the award to ENGlobal from the Space and Naval Warfare Systems Center (SSC) Atlantic is estimated to be approximately $7.0 million.  Full Article

Furmanite Corp Acquires ENGlobal Corp's Gulf Coast Operations
Tuesday, 3 Sep 2013 05:31pm EDT 

Furmanite Corp announced that it has completed the acquisition of certain professional service assets of ENGlobal Corporation’s Gulf Coast Operations. The completion of the transaction follows Furmanite’s July 16th announcement that it had entered into an agreement to acquire certain assets of the business.  Full Article

ENGlobal Corp Secures Project From Utica East Ohio Midstream
Tuesday, 23 Jul 2013 06:55am EDT 

ENGlobal Corp announced that it has been awarded a project from Utica East Ohio Midstream LLC (UEO), to provide engineering and procurement support services at its Leesville cryogenic processing plant. The value of the award to ENGlobal is approximately $5.0 million. ENGlobal's scope consists of engineering and procurement support services for a control room, condensate stabilization unit, site grading, and design integration services for a 200 million standard cubic feet per day (MMSCFD) cryogenic unit. The Company expects to begin work on the project immediately with project completion anticipated in the second quarter of 2014. capacity of up to 600 million cubic feet per day.  Full Article

Furmanite Corp Announces Agreement To Acquire Englobal Corp's Gulf Coast Operations
Tuesday, 16 Jul 2013 06:30am EDT 

Furmanite Corp announced that it has entered into an agreement to acquire certain professional service assets of ENGlobal Corporation. Included in the assets to be acquired are offices in Beaumont, Texas; Deer Park, Texas; Freeport, Texas; Baton Rouge, Louisiana and Lake Charles, Louisiana, which provide specialty technical services relating to the development, management and execution of projects, as well as ENGlobal's related In-Plant operations throughout the Gulf Coast region which are supported by those offices. The transaction has been approved by the boards of directors for both companies, and is expected to close within 60 days after the execution date for the agreement.  Full Article

ENGlobal Corp Secures Reconstruction Project From Huntsman
Thursday, 31 Jan 2013 05:35pm EST 

ENGlobal Corp announced that it has been awarded a project from Huntsman Performance Products (Huntsman), a division of Huntsman Corporation, to provide engineering and project management services at Huntsman's manufacturing plant in Port Neches, Texas. The Company will begin work on the project immediately with engineering scheduled to be completed in the second quarter of 2013.  Full Article

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