UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event Reported): March 1, 2017
ENGlobal Corporation
(Exact Name of Registrant as Specified in Charter)
| NEVADA | 001-14217 | 88-0322261 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) |
(I.R.S. Employer Identification Number) |
654 N. Sam Houston Parkway E., Suite 400, Houston, Texas 77060-5914
(Address of Principal Executive Offices) (Zip Code)
281-878-1000
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events.
On March 1, 2017, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
Exhibit 99.1. Press release dated March 1, 2017
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ENGlobal Corporation | ||
| Date: March 1, 2017 | By: | /s/ Tami L. Walker |
| Name: | Tami L. Walker | |
| Title: | General Counsel and Secretary | |
EXHIBIT INDEX
| 99.1 | Press Release dated March 1, 2017 |
EXHIBIT 99.1
ENGlobal Adds Modular Project Execution Capabilities
HOUSTON, TX, March 1, 2017 (MARKETWIRE) - ENGlobal (NASDAQ: ENG), a leading provider of engineering and automation services, today announced its recently opened 31 acre mechanical fabrication facility located in Henderson, Texas. With this newly available resource, the Company has strengthened its vertical integration for the engineering and delivery of a wide array of modular process systems. Through this strategy, the Company intends to leverage its heritage engineering and project support capabilities in order to realize larger turnkey scopes of work on suitable projects.
ENGlobal will target projects for which significant value can accrue to clients through a modular, “shop built” delivery approach. Expected benefits include the cost effectiveness of shop fabrication versus field construction together with improved performance metrics in the areas of schedule, quality and safety.
The Company has identified the following market areas which will be initially targeted for modular delivery:
| ● | Upstream well site and area production systems | |
| ● | Midstream metering and truck loading systems | |
| ● | Downstream processing modules | |
| ● | Environmental processing units | |
| ● | Burner management systems | |
| ● | Remote instrument and control buildings | |
| ● | Electric power distribution centers | |
| ● | On-line process analytical systems | |
| ● | Industrial HVAC systems |
“The opening of our Henderson facility and our full-service modular delivery capabilities represent a great opportunity for ENGlobal. It’s exciting to now leverage our complete skills and engage in much larger scopes of work,” stated William A. Coskey, P.E., Chairman and CEO of ENGlobal. “While this strategy is expected to be a multi-year growth effort, we have already put fabrication work into Henderson and are seeing a large number of modular proposal opportunities originating from across our heritage operations.”
About ENGlobal
ENGlobal (Nasdaq: ENG) is a provider of engineering and automation 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 distributed control, instrumentation and process analytical systems. The Engineering segment provides consulting services for the development, management and execution of projects requiring professional engineering, construction management, and related support services. Within the Engineering 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. 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 For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ENGlobal’s filings with the Securities and Exchange Commission, including the Company’s most recent reports on Form 10-K and 10-Q, and other SEC filings.
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CONTACT:
Mark A. Hess
Phone: (281) 878-1040
E-mail: ir@ENGlobal.com