<SEC-DOCUMENT>0001193125-19-001369.txt : 20190103
<SEC-HEADER>0001193125-19-001369.hdr.sgml : 20190103
<ACCEPTANCE-DATETIME>20190103132006
ACCESSION NUMBER:		0001193125-19-001369
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20181220
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190103
DATE AS OF CHANGE:		20190103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			American Electric Technologies Inc
		CENTRAL INDEX KEY:			0001043186
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRICAL INDUSTRIAL APPARATUS [3620]
		IRS NUMBER:				593410234
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24575
		FILM NUMBER:		19504572

	BUSINESS ADDRESS:	
		STREET 1:		1250 WOOD BRANCH PARK DR STE 600
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77079
		BUSINESS PHONE:		713-644-8182

	MAIL ADDRESS:	
		STREET 1:		1250 WOOD BRANCH PARK DR STE 600
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77079

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN ACCESS TECHNOLOGIES INC
		DATE OF NAME CHANGE:	19971117
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>d682047d8k.htm
<DESCRIPTION>8-K
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT
REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant to Section&nbsp;13 OR 15(d) </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of The Securities Exchange Act of 1934 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of
Report (Date of earliest event reported): December&nbsp;20, 2018 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>AMERICAN
ELECTRIC TECHNOLOGIES, INC. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in its charter) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" ALIGN="center"><B>Florida</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">000-24575</FONT></B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">59-3410234</FONT></B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>or incorporation)</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(IRS Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>6575 West Loop South, Suite 500, Bellaire, TX</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>77401</B></TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code <FONT STYLE="white-space:nowrap"><FONT
STYLE="white-space:nowrap">832-241-6330</FONT></FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9746;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17
CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%" VALIGN="top" ALIGN="left">&#9744;</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communications pursuant to Rule <FONT
STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this
chapter) or <FONT STYLE="white-space:nowrap">Rule&nbsp;12b-2&nbsp;of</FONT> the Securities Exchange Act of <FONT STYLE="white-space:nowrap">1934&nbsp;(&#167;240.12b-2&nbsp;of</FONT> this chapter). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange
Act.&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;8.01.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Other Events. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On December&nbsp;20, 2018, American Electric Technologies, Inc. (&#147;American Electric&#148;) and Stabilis Energy LLC (&#147;Stabilis&#148;) held a joint
investor conference call to discuss their previously announced entry into a share exchange agreement. A transcript of the conference call is filed as Exhibit 99.1 to this Current Report on <FONT STYLE="white-space:nowrap">Form&nbsp;8-K</FONT> and is
incorporated herein by reference. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="12%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Financial Statements and Exhibits. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)<I>&nbsp;Exhibits</I> </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>&nbsp;&nbsp;&nbsp;No.&nbsp;&nbsp;&nbsp;</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; border-bottom:1.00pt solid #000000; display:table-cell; font-size:8pt; font-family:Times New Roman; " ALIGN="center"><B>Description</B></P></TD></TR>


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<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d682047dex991.htm">Transcript of joint investor conference call held by American Electric and Stabilis Energy LLC on December&nbsp;20, 2018. </A></TD></TR>
</TABLE> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Cautionary Statement Regarding Forward Looking Statements </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Current Report and the exhibits hereto include (forward-looking statements&#148; within the meaning of the safe harbor provisions of the
U.S. Private Securities Litigation Reform Act of 1995 and within the meaning of Section&nbsp;27a of the Securities Act of 1933, as amended, and Section&nbsp;21e of the Securities Exchange Act of 1934, as amended. Any actual results may differ from
expectations, estimates and projections presented or implied and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as &#147;believe,&#148; &#147;projected,&#148; &#147;believe,&#148;
&#147;will,&#148; &#147;expect,&#148; &#147;plan,&#148; &#147;may,&#148; &#147;will,&#148; &#147;could,&#148; &#147;should,&#148; &#147;predicts,&#148; &#147;potential,&#148; &#147;continue,&#148; and similar expressions are intended to identify
such forward-looking statements. These forward-looking statements include, without limitation, American Electric&#146;s expectations with respect to future performance of Stabilis, anticipated financial impacts of the proposed business combination,
approval of the transaction-related matters by American Electric&#146;s shareholders, the satisfaction of the closing conditions to the share exchange transaction and the completion of the share exchange transaction. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Such forward-looking statements relate to future events or future performance, but reflect the parties&#146; current beliefs, based on
information currently available. Most of these factors are outside the parties&#146; control and are difficult to predict. A number of factors could cause actual events, performance or results to differ materially from the events, performance and
results discussed in the forward-looking statements. Factors that may cause such differences include, among other things: the possibility that the business combination does not close or that the closing may be delayed because conditions to the
closing may not be satisfied, including the receipt of requisite American Electric shareholder and other approvals, the performance of Stabilis and American Electric, and the ability of American Electric or, after the closing of the transaction,
Stabilis Energy, to continue to meet the Nasdaq Capital Market&#146;s listing standards; future demand for and price of LNG, availability and price of natural gas, unexpected costs, liabilities or delays in the business combination transaction, the
outcome of any legal proceedings related to the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the share exchange agreement; and general economic conditions. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The foregoing list of factors is not exclusive. Additional information concerning these and other risk factors are contained in American
Electric&#146;s most recent filings with the SEC, including its Annual Report of Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ended December&nbsp;31, 2017, filed with the SEC on March&nbsp;29, 2018 and its Quarterly Report
on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the quarter ended September&nbsp;30, 2018, filed with the SEC on November&nbsp;14, 2018. All subsequent written and oral forward-looking statements concerning American Electric and Stabilis,
the business combination transactions described herein or other matters and </P>
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attributable to American Electric, Stabilis, or any person acting on behalf of any of them are expressly qualified in their entirety by the cautionary statements above. Readers are cautioned not
to place undue reliance upon any forward-looking statements, which speak only as of the date made. Neither American Electric nor Stabilis undertake or accept any obligation or undertaking to release publicly any updates or revisions to any
forward-looking statement to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Additional Information About the Share Exchange Transaction and Where to Find it </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">The proposed share exchange transaction has been approved by the board of directors of American Electric and the owners of Stabilis, and will
be submitted to shareholders of American Electric for approval of the issuance of American Electric common stock in connection with the transaction and other transaction-related matters at a Special Meeting of shareholders. In connection with that
Special Meeting, American Electric intends to file with the SEC a proxy statement containing information about the proposed transaction and the respective businesses of Stabilis and American Electric. American Electric will mail a definitive proxy
statement and other relevant documents to its shareholders. American Electric shareholders are urged to read the preliminary proxy statement and any amendments thereto and the definitive proxy statement in connection with American Electric&#146;
solicitation of proxies for the Special Meeting to approve the transaction-related matters, because these documents will contain important information about Stabilis, American Electric and the proposed transaction. The definitive proxy statement
will be mailed to shareholders of American Electric as of a record date to be established for voting on the matters related to the proposed transaction. Shareholders will also be able to obtain a free copy of the proxy statement, as well as other
filings containing information about American Electric, without charge, at the SEC&#146;s website (www.sec.gov). Copies of the American Electric proxy statement can also be obtained free of charge by directing a request to Peter Menikoff, CEO of
American Electric, at (832) <FONT STYLE="white-space:nowrap">241-6330</FONT> or by <FONT STYLE="white-space:nowrap">e-mail</FONT> to investorreltations@aeti.com. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Participants in the Solicitation</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">American
Electric and its directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies from American Electric&#146;s shareholders with respect to the proposed transaction. Information regarding American
Electric&#146;s directors and executive officers is available in its annual report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> for the fiscal year ended December&nbsp;31, 2017, filed with the SEC on March&nbsp;29, 2018. Additional
information regarding the participants in the proxy solicitation relating to the proposed transaction and a description of their direct and indirect interests will be contained in the proxy statement when it becomes available. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Stabilis and its managers, directors and executive officers may also be deemed to be participants in the solicitation of proxies from the
shareholders of American Electric in connection with the proposed transaction. A list of the names of such managers, directors and executive officers and information regarding their interests in the proposed transaction will be included in the proxy
statement for the American Electric Special Meeting of shareholders related to the proposed transaction when available. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Disclaimer </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">This Current Report is not a proxy statement or a solicitation of a proxy, consent or authorization with respect to any securities or in
respect of the proposed transaction. This Current Report shall also not constitute an offer to sell or the solicitation of an offer to buy any securities. </P>
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<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom">AMERICAN ELECTRIC TECHNOLOGIES, INC.</TD></TR>
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<TD VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; text-indent:2.00em; font-size:10pt; font-family:Times New Roman">Date: January&nbsp;2, 2019</P></TD>
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<TD VALIGN="top">By:</TD>
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<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Peter Menikoff</P></TD></TR>
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<TD VALIGN="bottom">Peter Menikoff</TD></TR>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

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<TD VALIGN="bottom">American&nbsp;Electric&nbsp;Tech</TD></TR>
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<TD VALIGN="top"><B>Conference ID:</B></TD>
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<TD VALIGN="bottom"><B>1284703</B></TD></TR>
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<TD VALIGN="top"><B>Moderator:</B></TD>
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<TD VALIGN="bottom"><B>Don Boyd</B></TD></TR>
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<TD VALIGN="top"><B>Date:</B></TD>
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<TD VALIGN="bottom"><B>December&nbsp;20, 2018</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Operator: Ladies and gentlemen before we begin today&#146;s call I&#146;ll remind everyone that today&#146;s conference call
will contain forward looking statements within the meaning of the Private Securities Reform Act of 1995 and other security laws. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">These
forward looking statements are based on our beliefs and expectations as of today December, 20, 2018. Forward looking statements are subject to the risks and uncertainties that may cause actual results to differ materially than those projected. The
company undertakes no obligation to revise or publicly release the results of any revision to the forward looking statements made in today&#146;s conference call other than filings with the SEC. Additional information concerning factors that could
cause those differences is contained in the American Electric Technology filings with the SEC and the press release announcing this conference call. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Investors are cautioned not to place undue reliance on any forward looking statements. I&#146;d now like to welcome you all to today&#146;s
American Electric Technologies Investor Call. Today&#146;s call is being recorded. At this time I&#146;d like to turn the floor over to Eddie Kuntz, a Director of American Electric Technologies. Please go ahead sir. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Eddie Kuntz: Thank you very much. I am Eddie Kuntz, an independent director of AETI. Today I&#146;m substituting for Peter Menikoff, our Chair and CEO, who
has some minor surgery and can&#146;t be on the call today. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Present on the call today with me are Jim Reddinger, who will serve as
President and CEO and Andy Puhala who will serve as CFO of the new combined companies. Also on the call is Art Dauber, the former Chair and CEO of AETI who will be responsible for the international </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page | 1 </P>

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operations which presently constitute the remaining business of AETI and also Don Boyd who&#146;s now our current CFO and also &#150; he&#146;s also on the call. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">We&#146;re excited about the transaction which defines the clear new path for AETI, providing a great platform for the existing operations
along with the LNG production and distribution businesses of privately owned Stabilis. It goes a long way to rationalize the AETI overhead structure after completion of the recent sale of our U.S. operations. At the same time we&#146;ll have
deleveraged our balance sheet, created a vehicle to access capital for the business with the combined companies. Obviously with Casey Crenshaw&#146;s participation these companies are very well known to each other and we believe have the right
cultural fit to be successful in the future. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">We also believe that the management team brings considerable strength to the business with
Jim Reddinger&#146;s outstanding background together with Andy Puhala who also formerly served as CFO of AETI. We&#146;re also pleased with Art Dauber&#146;s continued involvement in the international business. The details of the transaction are set
forth in the press release and will be more fully explained in the shareholders proxy to be filed with the SEC. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">I&#146;m now going to turn
the call over to Jim who will take us through the LNG industry and more specifically the Stabilis operations overview and growth strategy. Jim will then be followed by Art Dauber who will give us an update on the AETI international operations in
Brazil and China. Following all of that we&#146;ll open the floor to questions. I&#146;ll now turn the call over to Jim. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: Thanks Eddie,
this is Jim Reddinger speaking. I&#146;m the current President and Chief Executive Officer of Stabilis and will continue in that role post transaction. Stabilis is pleased to announce our transaction at AETI. We&#146;re excited where this new public
company structure could take our business. We believe that the combination of Stabilis and AETI will create a leading platform for growth and consolidation in the North American small scale liquefied natural gas (otherwise known as LNG) industry.
</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Stabilis has made significant investments in LNG production and distribution over the past
ten years. We intend to leverage AETI&#146;s public equity platform to create a leading LNG growth and consolidation platform with the operating scale required to provide our customers with low cost, reliable, and comprehensive LNG solutions
throughout North America. This plan includes both organic and acquisition growth. During my prepared remarks I&#146;ll provide an overview of the LNG industry and our target customers and other markets. Then I&#146;ll give you more details about our
operations at Stabilis Energy and provide some information about our long-term growth strategy. As Eddie mentioned we&#146;ll take questions at the end of the conference call. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">First let me cover about LNG for those not familiar with the industry. The shale gas revolution has provided an abundant supply of inexpensive
natural gas across North America. This natural gas is transported most often by pipelines to industrial, commercial and residential customers. However, many natural gas customers aren&#146;t located on a pipeline. Natural gas is liquefied so it can
be transported efficiently via a virtual natural gas pipeline meaning transported by truck or other bulk carrier. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">LNG is a cryogenic
liquid which means it&#146;s produced and stored at a very low temperature, approximately <FONT STYLE="white-space:nowrap">-260</FONT> degrees Fahrenheit or <FONT STYLE="white-space:nowrap">-160</FONT> degrees Celsius. By cooling the gas to this
temperature, its volume is approximately 600 times smaller than the gaseus state which makes it possible to load significant amounts of natural gas into a truck transport. LNG can be used to supplement existing natural gas fuel sources or to display
other fuel sources including diesel, fuel, fuel/oil and propane among others. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">At Stabilis we find that the best applications for LNG are
(1)&nbsp;high volume fuel consumers who can benefit from LNG&#146;s energy density for onsite storage, (2)&nbsp;mobile or fixed customers who can benefit from LNG&#146;s energy density for transportation,
<FONT STYLE="white-space:nowrap">(3)&nbsp;on-grid</FONT> customers who need to supplement their gas supply in times of peak demand or outages, (4)&nbsp;price sensitive customers </P>
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who are seeking lower and/or more stable fuel prices versus the alternatives, and (5)&nbsp;emissions sensitive customers who can benefit from lower emissions versus the alternative fuel sources.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The primary benefit of LNG is the cost. LNG can provide lower cost and greater pricing stability when compared to other fuel sources.
Since the advent of the Shale revolution North American natural gas has generally traded between $2.00 and $4.00 per MMBtu. Many industries including LNG exporting, chemical production, and other manufacturing refining sectors have taken advantage
of these historically low and stable prices to invest in new facilities and infrastructure throughout the United States, primarily on the Gulf Coast. This trend appears to remain active with multiple new natural gas related projects and development.
Our small scale LNG customers are taking advantage of the same trends that these large scale LNG exporters and manufacturers are taking advantage of. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Second primary benefit of LNG is lower emissions. Customers using LNG can realize significant environmental benefits from reduced emissions of
carbon dioxide, particulate matter and sulfur among others. For instance, natural gas emits 50% to 60% less carbon dioxide when combusted in a new natural gas power plant as compared with emissions from typical new coal plants. When you consider
vehicle tailpipe emissions natural gas emits 15% to 20% less heat trapping gas versus gasoline when burned in a typical vehicle. Natural gas has been cited as a key component of the transition to a lower carbon economy. Many companies such as Royal
Dutch, Shell and Cheniere Energy have invested significantly into production and distribution of LNG globally. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In summary LNG allows the
transportation of relatively inexpensive and low emission natural gas to <FONT STYLE="white-space:nowrap">off-pipeline</FONT> locations. For these reasons we believe that the production and use of LNG is increasing at both global and local energy
markets. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">We call ourselves a small scale producer of LNG and just to be clear on what we&#146;re
talking about, small scale LNG production is typically used for domestic requirements that are located within 500 miles of the production site. Typical small scale liquefaction facilities produce 50,000 to 500,000 gallons a day. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In contrast world scale (or large scale) LNG production facilities (such as the Cheniere Energy and Freeport LNG facilities on the Gulf Coast)
produce between 2 and 5&nbsp;million gallons a day. Most of that is going into oceangoing tankers for distribution into the world market. We&#146;re producing smaller volumes that are targeted to specific geographies in North America. They&#146;re
producing very large volumes that are shipped overseas for power production. That&#146;s the end of my LNG market overview, now I&#146;ll talk about Stabilis. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">We believe that Stabilis is a leader in both the small scale production and distribution of LNG in North America, which includes the United
States, Mexico and Canada. Stabilis has delivered nearly 200&nbsp;million gallons of LNG to its customers to date which we believe makes us one of the largest and most experienced small scale LNG providers in the industry. Stabilis makes money in
four ways. First we sell LNG to our customers. Second we transport LNG to our customers Third we rent cryogenic equipment to our customers. Fourth, we provide engineering and field service staff and service to our customers. And for these services
we&#146;re paid a fee. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Our LNG production business can produce up to 120,000 LNG gallons per day in our South Texas liquefaction facility.
We plan to open our approximately 30,000 gallon per day production facility in West Texas sometime in 2019. We plan to build and acquire other LNG production facilities when the transaction is completed with the goal of having national coverage with
access to all key customers and end markets. We believe that our experience building and operating LNG production facilities will allow us to execute on this strategy effectively. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page | 5 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Our LNG distribution business has the fleet and logistics capabilities to deliver LNG and
related services anywhere in North America. We source LNG from both our own production facilities as well as from our national network of 25 other LNG production sources. We own and operate a fleet of nearly 150 pieces of cryogenic transportation,
storage and <FONT STYLE="white-space:nowrap">re-gasification</FONT> equipment that can service a wide variety of LNG and used applications. We also have an experienced staff of engineering and field service personnel that can provide our customers
with technical expertise required to use LNG in their operations. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Stabilis operates its distribution business under the brand name
Prometheus Energy, which we believe is one of the oldest and most respected brand names in the LNG industry. Prometheus was a pioneer in the LNG industry and developed many of the processes and technologies that are in use today. Stabilis and
Prometheus joined forces in 2018 to create what we believe is one of the largest fully integrated LNG supply networks in North America. We plan to build and acquire LNG distribution assets and capabilities when those transactions are completed,
again with the goal of expanding our geographic coverage with access to all key customers and end markets. We believe that our experience in providing LNG distribution and logistics services provides us the platform to execute on this strategy for
continued growth. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In terms of our customers, as I mentioned earlier, we provide what we call a virtual natural gas pipeline to our
customers. We bring natural gas to <FONT STYLE="white-space:nowrap">off-pipeline</FONT> locations that don&#146;t have access to another source for natural gas or to <FONT STYLE="white-space:nowrap">on-pipeline</FONT> locations that require
supplemental natural gas sources due to curtailment or capacity issues. Because LNG can be used to displace multiple other fuel sources (including diesel, fuel, fuel/oil and propane) there are a wide variety of potential customers and applications.
</P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Our customers include industrial, energy, mining, commercial, utility, pipeline and transportation customers. They use LNG for power
generation, heating, engine fuel and back up gas supply among other uses. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Among our largest industrial customers are frack sand producers and asphalt producers. These
customers use LNG to produce the heat they need to dry and process the respective end products. LNG often replaces propane or diesel fuel in these applications. We believe LNG is optimal because it&#146;s cost effective, offers stable pricing and
access to products meaning no curtailments and an energy density that minimizes storage requirements and provides a clean consistent burn that helps make operations more predictable. Other typical industrial applications for LNG include greenhouses,
food processors, paper mills, agricultural dryers and general manufacturing. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The energy industry is another large end market for us.
Energy producers use large engines to power their exploration and production activities including drilling and pressure pumping. These customers use LNG to power their high horsepower engines and LNG replaces or compliments the diesel fuel in this
application. Again LNG offers cost and reliability benefits as well as storage and transportation benefits. Energy producers can also use their own natural gas to power their engines. They can use LNG to reduce emissions to meet Tier 4 and other
engine emission requirements. One encouraging development for LNG in the energy sector is the use of turbine powered engines to power up pressure pumping spreads. These turbines can burn field gas but it&#146;s coming from production operation. They
often require significant amounts of LNG as a primary or backup fuel sources. That&#146;s been a great additional customer base for us, mining operations which are located in remote locations and also like to roll power grids, also a big user of LNG
for power and heat production. LNG also usually benefits them because they&#146;re in environmental sensitive areas where emissions are an issue. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">We have a number of different kinds of commercial customers, including offices, call centers, data centers and campuses that need LNG for
primary or backup fuel sources. Utilities and pipelines are large consumers particularly for our distribution business of Prometheus. LNG is becoming more predominant in regions where utilities and pipelines are required to meet critical
</P>
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peak gas demand. LNG can also be an economic solution to support these applications where supply requirements during extreme weather conditions and gas curtailments and pipeline repairs are
required. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In the transportation industry LNG has been used for fuel and high horsepower transportation engines for over a decade including
over the road trucking and marine engines. Regulatory requirements are accelerating the adoption of LNG as transportation fuel, particularly in the U.S. Marine sector where the International Maritime Organization (or IMO) has imposed global sulfur
caps on ships sailing in emissions control areas by January 2020. We believe that the traditional fuels can&#146;t meet these requirements, so LNG is being used to reduce emissions as required by the IMO. LNG is also being tested as a fuel in the
rail and mining industries and is rapidly becoming one of the most commonly used rocket propellants. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Finally one of our major markets is
Mexico. The amount of U.S. produced natural gas going to Mexico has been increasing significantly over the last several years. Major pipelines have been built to deliver natural gas to Mexican cities and utilities. However, a large portion of Mexico
doesn&#146;t have access to these pipelines. LNG is used where it&#146;s available to service these areas and uses include a variety of industrial, commercial, residential and transportation uses. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Over the last year the largest customers and markets for LNG production business (meaning our south Texas production plant) were in the energy
industry, the asphalt production industry, utilities and pipelines outages, and exports to Mexico. Over the same period the largest customer in end markets for LNG distribution business have been utilities and pipelines for supplemental gas supply
and outages, the energy industry including drilling and pressure pumping and the mining industry. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Moving on to financial performance
we&#146;d like to discuss how we&#146;ve performed in the past and our expectations for performance going forward. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">As reported in the deal announcements to both as revenue and earnings before interest taxes,
depreciation and amortization otherwise known as EBITDA for the nine months ended September&nbsp;30, 2018 were $26.5&nbsp;million of revenue and $1.8&nbsp;million of EBITDA. However, LNG volumes of both our LNG production business and our
distribution business have been improving over the last year. We believe this trend will continue into 2019 and beyond. Key factors that impact our sales volumes and pricing include the rate of new customer adoption of LNG, the level of business
activity (and therefore LNG usage) at our existing customers, the relative pricing of LNG versus alternative fuel sources such as diesel and propane, the availability of competing fuel sources at customer locations, and finally the introduction and
enforcement of various environmental and emissions regulations. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">We believe that these factors will continue to be favorable in 2019
beyond. Based on our assumptions about customer activity and market trends we believe that our current asset base can support revenue of $40.0 to $50.0&nbsp;million and EBITDA of $5.0 to $9.0&nbsp;million in 2019. If you look to the future beyond
2019, we believe that our current asset base as configured can support revenue of $75.0 to $110.0&nbsp;million and EBITDA of $32.0 to $47.0&nbsp;million over the next several years. Again, this is based on our assumptions about market activities and
some of the key pricing factors and volume factors that are listed above. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Our current total asset base as of September&nbsp;30, 2018 at
Stabilis is $75.0&nbsp;million. This includes LNG production assets as well as LNG distribution assets and other related assets. We believe that this understates the total investment that&#146;s been made in the business because several of the
businesses that we acquired over the last several years at Stabilis have had over $100&nbsp;million of investment in them over time but consolidation accounting reduced the amount they were booked at on the balance sheet. Either way, we&#146;re very
confident that $75.0&nbsp;million in total assets on our book now are more than adequate to achieve the guidance given that we just gave you in the near term and long term. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">About our growth strategy - our primary rationale for this transaction is create a growth
platform in the small scale North American LNG industry. We believe that Stabilis can create profitable growth in three ways. One is optimize earnings using our existing asset base. The second is investing in new LNG production and rolling stock
assets that will give us access to new customers in end markets. The third is buying other LNG business that would allow us to expand the markets and customers that we serve. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">First, optimizing our asset base. We discussed above what we think our existing asset base can do near term and long term from a financial
performance perspective. We&#146;ll continue to work to optimize the assets we&#146;ve discussed in this presentation. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Second, investing a
new plant and rolling stock assets. As the adoption of LNG grows in our target end markets, numerous opportunities arise to invest in new LNG production plants and new cryogenic rolling stock equipment to serve these markets. In terms of LNG
production, the key markets that we&#146;ll focus on include (1)&nbsp;the oil field markets in which we aren&#146;t currently present including West Texas, the Colorado/Wyoming area, North Dakota, Oklahoma and the Pennsylvania/Ohio area. These are
all productive oilfield basins where we feel our capabilities could apply well. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Second is the marine market where new LNG powered ships
are being introduced for both blue and brown water use. There&#146;s multiple announcements in the market about that now and we feel like there&#146;s opportunity there for additional LNG production to serve that growing marine market. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Third is the Mexican market for power production in the mining, industrial, and commercial sectors. Fourth is small scale export opportunities
where LNG can be taken into countries in the Caribbean, Central America, and South America for use of power generation and other burner tip </P>
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applications. We will also try to leverage AETI&#146;s current presence in Brazil and China to expand on those markets where it&#146;s opportunistic. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In terms of additional capital investments in LNG distribution assets we&#146;ll focus on three areas. One is specialized high pressure, high
flow rate equipment that&#146;s required by pipelines and turbine powered pressure pumping operations. This is equipment that we need to have in the field to be able to deliver the high volumes to those customers they require. Second is ambient
vaporization equipment that can be operated without external power sources. This is more reliable distribution equipment that improves reliability for our customers. Third is transportation trailers to increase our distribution capacity. We believe
that this transaction can improve our access to debt and equity capital to fund these capital investments. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Third, and in our minds maybe
most importantly, are the opportunities to consolidate the LNG sector through acquisitions. We believe there are numerous consolidation opportunities in the North American small scale LNG market including both production and distribution companies.
We believe the sector&#146;s entering a natural consolidation phase as small privately funded companies that entered the market over the last five to seven years seek to achieve scale. Greater scale in small scale LNG markets could increase
operating leverage, provide access to a more diverse set of customers in end markets, make the company a more qualified counterpart for large customers and provide better access to capital to fund operations and growth. Based on our knowledge of the
industry we believe that some of these companies and their investors will be seeking to exit and/or find growth financing opportunities in the near future. We believe that the public company platform that this transaction creates will make Stabilis
well suited to react in this consolidation and we plan to actively pursue accreditive acquisition deals after the closing of the transaction with the goal of having several deals completed in 2019 and 2020. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In summary again thank you to AETI for the opportunity to discuss Stabilis and to contemplate the transaction on the call today. We believe
that the North American small scale LNG market is </P>
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large and growing rapidly as new customers and industries adopt the use of LNG. We believe there&#146;s ample opportunity for growth in the market and that this public company platform positions
Stabilis to pursue this growth aggressively and in particular we see the opportunity to consolidate a fragmented market. That&#146;s what I have on Stabilis. I&#146;m going to turn the call over to Art Dauber to talk about AETI&#146;s recent
activities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Art Dauber: Thank you. My name&#146;s Art Dauber. I&#146;m currently the manager of the International Operations of AETI. I was formerly and
Chairman of AETI back in the 80s, 90s and 2000s. I&#146;m excited to rejoin the company because of a number of factors including the growth potential of both Stabilis&#146; piece of the business as well as the AETI piece of the business. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">I&#146;m currently the Chairman of the Board of Directors in M&amp;I Brazil and the Vice Chairman of BOMAY in China. Let&#146;s take these two
affiliates or two companies one at a time. Looking at China first the Chinese government was very concerned about the stability of their oil and gas resources and therefore decided to develop domestic Chinese resources. This is a strategic decision,
not a financial decision. They ordered that three major oil companies, CNPC, Sinopec and CNOOC to develop these resources. Therefore oil prices will have no impact on the developments they have. Also since these are all for Chinese consumption
there&#146;ll be very little or no impact if there&#146;s a continued tariff war between the U.S. and China. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The two places that the
Chinese are developing their oil resources that impact us, one is they have a new oil field, the Xinjiang province which is called Mahu and they&#146;re also developing their shale gas reserves in Sichuan province. That&#146;s where I think you all
read we recently issued a press release where our BOMAY operations were given an order to produce 40 units, powerhouses in the first half by the end of the first half of 2019. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">That particular project should add up to about $40&nbsp;million of revenue and is the largest project that we&#146;ve ever received. We
received new orders since that point in time and we should expect </P>
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a good finish to 2018 as well as an excellent 2019. Our sister company BOMCO who&#146;s our partner who&#146;s the division of CNCP had no work in May of last to May of this year. They&#146;re
currently working seven days a week, three shifts and a Chinese CNPC and other oil companies will take as many rigs as they&#146;re able to build. BOMAY has also continued besides this. Basically it&#146;s developing new products and moving into the
power control and distribution business with items that we talked about again in the press release such as medium voltage drives, electric fracking pumps and direct drives for work over rigs. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Financial statements improved this year, the second year of our recovery we hit a low point in 2015 - 2017 though we remained profitable during
that period. Our growth and revenue this year is 65% in China. We expect a very significant growth in the year 2019. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Brazil and part of it
has both good and bad news. The good news on Brazil, Brazil has elected a new President named Jair Bolsonaro who won the Presidential election. I won&#146;t get into the politics whether he&#146;s good or bad but his programs we feel are going to be
very positive to the business situation in Brazil. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">In the past three years Brazil&#146;s gone through a major recession depression and we
expect 2 1/2 to 3% GDP growth for the next three years. We also expect a major increase in capital expenditures which is almost zero in the Second Half of this year while we awaited elections. Bad news is unemployment rate is still high. Currently
it&#146;s around 12 to 15% depending on how you calculate it and most of our competitors such as Siemens GE, ABB and so forth are still having severe economic problems and have been shutting down factories and laying off people. That&#146;s the bad
news. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The good news is we hired most of their people, at least their better people and have taken advantage of their lack of customers or
service. If you look at our particular segments we have in Brazil I&#146;ll start off with the oil drilling segment which is mostly offshore. In 2014 there were 90 oil </P>
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rigs working in Brazil. Currently there are 15. That at one time was the biggest portion of our business. Now it&#146;s become relatively a small portion of our Brazilian business. We do expect
to see some increase in 2017 despite the change in oil prices because of contracts that have already been let. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The biggest part of the
market that we serve is now in the offshore segment &#150; the offshore production segment. The (FPSO) market continues to grow with long term contracts. I think we saw in the press release that we just procured a major project with one of the three
managers of (FPSO). They&#146;re currently wanting two (FPSOs) or units in Brazil. Five were added in 2018 and the country of Brazil for strategic reasons aren&#146;t economic reasons, is planning to produce &#150; currently producing
2.5&nbsp;million barrels of oil per day and by year 2027 will produce 5.5&nbsp;million barrels of oil a day, 90% of which will be offshore. We&#146;re probably the best decision to service that market. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">We have the number one share in Brazil for both the offshore production business as well as the offshore electrical drilling business. Other
areas we&#146;re working hard on now is moving more into the North and Northeast sections of Brazil to service the power generation as well as the industrial market. Those markets currently are doing okay and we expect them to increase their
investments as a result of the change in the government in the near future. A result for 2018 will be about 65%. This is in on their currency, not on our currency, about 65% better than 2017 and we expect substantial growth in 2019. That&#146;s the
report for the two countries. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Eddie Kuntz: Thank you Jim and Art. Operator we can now turn to questions. We can now open the line for questions please.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Operator: Absolutely. Ladies and gentlemen if you&#146;d like to join the queue for questions please do so by pressing star 1 on your telephone key pad.
You&#146;ll just need to make sure that your mute function to allow us to receive that signal. A voice prompt on the phone line will indicate when your line&#146;s </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page | 14 </P>

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been opened if you&#146;d like to state your name before posing your question. Once again that&#146;s star 1 for any questions at this time. We&#146;ll pause for just a moment. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">And as another reminder star 1 for any questions. We&#146;ll move to our first in the queue. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Bill Dezoiam): Thank you. This is Bill Dezoiam at Tieton Capital, have a group of questions. First of all, there was a reference in the press release a
couple days ago that this transaction deleverages the balance sheet. Would you discuss what was that referring to please? </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Eddie Kuntz: Yes I can take
that. If you combine balance sheets of the two companies and you first &#150; first of all if you look at AETI itself the &#150; for that company as we contributed to the combined companies comes down dramatically. Stabilis comes in with very little
debt on it. The total combined company, I think it was mentioned in the call. For the asset basis Stabilis itself has assets of about $75&nbsp;million plus the assets of AETI. The debt on the new company will be somewhere in the vicinity of the <FONT
STYLE="white-space:nowrap">mid-teens.</FONT> You&#146;ll get more detail in the balance sheets when you look at the proxy statement from them. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Bill
Dezoiam): When do you expect that to have proxy? </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Eddie Kuntz: The proxy statement will be filed hopefully in January. It has to go through obviously SEC
clearance so sometime and I&#146;d say mid to late First Quarter you&#146;ll get that proxy statement. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Bill Dezoiam): Thank you. What if any synergies
do you all foresee between the small LNG business and American Electric&#146;s existing business? </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Eddie Kuntz: Jim should you take this? </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page | 15 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Andy Puhala: This is Andy Puhala. I&#146;ll take this. Given that M&amp;I has sold its U.S. business and its
remaining operations are Brazil and the Chinese joint venture and that Stabilis is in the LNG business there&#146;s not a lot of immediate synergies on day one. However we do think that longer term there are opportunities for any relationships and
Brazil and China to help us with LNG, pursue LNG opportunities in those two markets. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Bill Dezoiam): Thank you Andy. Given that you had been with
American Electric we haven&#146;t followed your career past since then. Did you go straight to Stabilis or&#133;maybe I should just ask would you please bridge the gap between where you&#146;re at and when you were at American Electric? </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Andy Puhala: Yes I&#146;d be happy to (Bill). I left American Electric Technologies after being the CFO there about three years. I left in 2015. I left to
become the CFO of another publicly traded company in the offshore transportation space which I did for about two years. Then I joined the Modern Group which is the group of companies owned by Casey Crenshaw and the Crenshaw family and have been
working for the Modern Group for about the past year and a half. I&#146;m joining the Stabilis team as part of this transaction. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Bill Dezoiam): Great
thank you. Then Stabilis delivery is the release that we&#146;re up 75% year to date so far. I guess I have two questions with that. The first is what&#146;s the organic rate of growth or were there not any acquisitions that drove some of that 75%?
Secondarily really what was the driver behind whatever organic number is that you&#146;re going to share? </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: This is Jim Reddinger speaking.
This is all organic growth. There were no acquisitions in there. Andy I&#146;m going to put an asterisk to make sure I&#146;m not misstating any accounting. It&#146;s all the organic business that Prometheus and Stabilis had. The biggest drivers are
during the energy downturn in the 2015 - 2017 timeframe energy prices were down significantly. Volumes going in some of our end markets were down significantly. The biggest driver&#146;s been a rebound in volumes and pricing for both our
distribution and our production business. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Bill Dezoiam): That&#146;s helpful. Lastly it may lead to pose the question but I guess that won&#146;t
stop me. What do you foresee or how do you foresee this transaction making shareholders money for from the current stock price? </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: I&#146;m
sorry. Could you repeat? </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Bill Dezoiam): How do you believe that this transaction is going to make shareholders money from the current stock price? </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: I think I&#146;d separate that into some of the growth areas that we discussed on the call. First is we think there&#146;s significant
opportunity to optimize the existing asset base at Stabilis based on recovery in the markets that we&#146;ve seen over the last year and where we think that could continue to go in the future. There&#146;s significant earnings potential which will
help the share price just from the existing asset base that Stabilis and Prometheus and from the existing business that Art is running at AETI that stand some pretty substantial growth based on the release they put out several weeks ago. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">Second is we think that we&#146;ll be able to create a growth platform that can make accretive acquisitions in the LNG sector to create scale.
As I mentioned right now many of the competitors in the North American small scale LNG sector are privately held companies that were launched as the industry really developed over the last <FONT STYLE="white-space:nowrap">5-8</FONT> years. We
believe that the time is ripe for the industry to consolidate to create some operating scale for the reasons we discussed earlier. We think we can do that in a way that&#146;s accreditive to shareholders. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Bill Dezoiam): Thank you all. </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: It&#146;s similar to many other consolidation plays you&#146;ve seen at other sectors.
That&#146;s something we think we can do here to create value for shareholders. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(Bill Dezoiam): Great thank you Jim. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Operator: Once again ladies and gentlemen please press star 1 for any questions. We&#146;ll move to the next. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(George Burman) Good morning gentlemen. Thank you for taking my call. This is (George Burman) calling from ISS in Orlando, Florida. Congratulations to the
transaction &#150; contemplated transaction here. Would you be able to give us an idea if you &#150; we reconcile the market value? According to the statement we&#146;d be looking at about a 90&nbsp;million share count post acquisition and $1 a
share, a $90&nbsp;million market value. How does that compute with your growth ideas in the contemplated ((inaudible)) acquisitions you contemplate? Would you make them with stock or with cash? </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: Well I answered the last part on the acquisition funding. We plan on making acquisitions with both stock and cash. We think there&#146;s some
very interesting LNG production and distribution assets in the market now that could benefit both sides from equity acquisitions. We&#146;ve looked at as a primary avenue for consolidation but we will also consider cash acquisitions where
they&#146;re attractive. I&#146;m not sure that we&#146;re able to comment on the movements of the share price but we&#146;re very confident that we&#146;re going to be able to create shareholder value going forward. We hope that will be reflected
in the stock price. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(George Burman): Okay. I&#146;m quite familiar with Cheniere Energy as a company with a large scale volume. Do you actually offer
drilling companies an out with their natural gas production that&#146;s currently in many places being flared in the &#150; especially in the permian basin and other big shale plays or where would you put your LNG conversion facilities? </P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: In contrast to a world scale facility like Chenier which has one large location that ships
globally our facilities will be more regionally located. We&#146;ll have multiple facilities across North America to serve various markets. Our plan right now for West Texas since you mentioned it is to bring our 30,000 gallon a day plant
that&#146;s previously been operating in Utah to West Texas to provide fuel mainly to energy related customers either in drilling or pressure pumping or in frack sand production to provide fuel there. Over time we plan to increase that plan as the
market increases capacity of the plan if the market permits. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(George Burman): Okay. What you&#146;d do is you&#146;d then utilize the availability offer
of natural gas flows, derived from the drilling activities in the permian for example? </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: Yes. There&#146;s a number of factors in why energy
producer in West Texas would choose to use LNG but any increase in off take in natural gas in basins like Texas, like North Dakota where there&#146;s some takeaway capacity issues helps pricing and the capacity on pipelines in their areas. It&#146;s
a <FONT STYLE="white-space:nowrap">knock-on</FONT> benefit as they use LNG. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(George Burman): It&#146;s essentially a
<FONT STYLE="white-space:nowrap">win-win</FONT> for the gas producer because they have very little incentive or even capability to take the natural gas to the coast for export. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: Yes. I&#146;d agree with that statement. In a variety of basins there&#146;s been different ways that have been tried to reduce flaring.
Certainly using the natural gas in local industrial and energy applications is one that&#146;s productive for everyone. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(George Burman): Okay and then
maybe a question for Mr.&nbsp;Dauber. The tremendous growth seen with the recent announcement in China with BOMAY, what&#146;d that translate into in cash flow earnings for the joint venture partner? </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page | 19 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Art Dauber: We control only 40% of the operation. You&#146;ve seen the long term returns they make between
6% and 8% after taxes. We usually run 50% to 70% dividends traditionally. That should give you a good feeling of what the cash flow&#146;s going to be for that. We&#146;ve received the dividends at BOMAY as you&#146;re aware (George) for the last 12
years. We don&#146;t expect that to change. In fact based on what we&#146;ve seen we expect that to increase. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Andy Puhala: (George) this is Andy Puhala
again. Just to clarify some of Art&#146;s comments, everyone&#146;s aware BOMAY is a joint venture which we own 40%. AETI owns 40% and is accounted for using the equity method. The revenues that Art speaks about won&#146;t show up on our financial
statements directly. As Art mentioned that joint venture has paid a dividend for a number of years. We don&#146;t see a reason of why that wouldn&#146;t continue. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(George Burman): Just to clarify the numbers were looking possibly for the joint venture company as a whole to generate close to $60&nbsp;million revenue for
this year and correspondingly push the owning 40% down to AETI in the form of a cash dividend. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Andy Puhala: (George) we can&#146;t comment any further on
the specific numbers. You&#146;re familiar with the company. You&#146;ve seen the performance of BOMAY in the past. We&#146;ve won some good awards here recently so we&#146;re optimistic about the outlook for BOMAY and it continuing to pay a
dividend. I don&#146;t want to comment any further than that at this point. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(George Burman): All right. If I understand correctly the Stabilis company
you&#146;d like low natural gas prices, low natural gas cost and it&#146;d be beneficial to you if you have a high diesel or energy prices in general? </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: I think pricing is one factor for demand. Really what we focus on is the spread in pricing between competing fuels and LNG. There are a number
of components that go into LNG. Natural gas is part of the cost as well as the electricity and labor and other inputs it takes to </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page | 20 </P>

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produce it. Yes in general having a wide favorable spread between alternative fuels such as diesel and propane and LNG is favorable for our volumes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(George Burman): Could you comment on the adoption off the general LNG technology in the industrial and transportation segment? I know they&#146;ve been for
many years. There&#146;s been talk about converting trucks to running on LNG and various other transportation, a group that&#146;s often used by E&amp;P companies out in the field. I&#146;ve always thought that it might be a positive if they&#146;d
have alternative views than diesel for moving their equipment. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: Yes. The LNG is a natural gas in general both LNG liquefied natural gas and
CNG, compressed natural gas have been used for a number of years in transportation as transportation fuel. We believe that trend continues to grow. There&#146;s a number of different transportation uses for LNG. The one that you mentioned first in
trucking, heavy duty trucking, that&#146;s certainly one that the engine technology continues to evolve. We got in this business in 2013 - 2014. Since then there&#146;s been a number of variations of engines and producers that have used LNG in over
the road trucking and CNG as well. It&#146;s more of a general natural gas used and not just LNG. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">What you generally see in that LNG is
used in very high horsepower, high fuel consumption, long distance applications while CNG is used in lower horsepower, lower fuel consumption, return to base type applications. But you&#146;re right overall - there&#146;s a trend towards using
natural gas fuel in the trucking industry. The transportation sector I mentioned in my prepared remarks that may have the potential for large LNG volumes is the marine transportation sector. There&#146;s a number of regulatory requirements included
in the IMOs global sulfur cap restrictions that come online in January 2020 that many shipping companies have been preparing for. There&#146;s a variety of opinions but some shipping companies have decided that traditional fuel oils aren&#146;t able
to meet some of those regulatory requirements. They&#146;ve moved to LNG as a fuel source that could meet these requirement.You can look in the press and see a number of conversions of cruise ships that have happened or are happening now, I guess.
The ships are on order and they&#146;ll be </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page | 21 </P>

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coming in over the next several years. You&#146;ll see that same thing on the cruise industry happening in Europe. And then you also see in the U.S. companies like Crowley and Tote have converted
their cargo carrying ships between Florida and the Caribbean into LNG fuel as well. There&#146;s a number of companies that have done the same in Europe and are starting to do the same thing in Asia. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">We&#146;ve seen a number of other places where the fuel that tested as a transportation fuel including the rail and mining industries. As I
mentioned we&#146;re actually seeing a lot of activity from some of the private rocket companies using LNG as a propellant. So you&#146;re citing a trend that we&#146;re seeing as well. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(George Burman): Last question, if you had to name a couple competitors in your space, you said there was a lot of smaller possible buyer candidates in the
marketplace. Are there any publicly traded companies that we could use a yard stick as to valuations for your company? </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: The publicly traded
entities on the LNG sector right now on the world scale side, there&#146;s Cheniere Energy and a company called Tellurian. On the smaller scale LNG side, Clean Energy is a public company. None of those business models are exactly what we do. Clean
is diversified and into more CNG investments. There are overlaps in the business models so those are three names I could give you that at least are public and LNG related. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(George Burman): Yes, okay, all right, much appreciate your time and be looking forward to hopefully brighter future than the past couple of years. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: Thank you. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Operator: We&#146;ll move on to the
next question. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Page | 22 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">James Burns: Hello this is James Burns. Can you hear me? </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: Yes James. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Art Dauber: Yes James. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">James Burns: Great. Congratulations on the proposed deal. I think that&#146;s a smart move forward. The question I have for you guys, it may be premature but
I just wanted to know if you matured your thinking on the strategy going forward. How far downstream in the marine space are you guys willing to go? For example, bunkering ships, is that something in your window that you think down the road you guys
may get into that space? </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Jim Reddinger: Currently in the markets we&#146;re in James, as you know we participate in production through distribution
directly to the customer sites. We certainly look at that same model in the marine space as well. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(James Burnst): Great, thanks. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Operator: Gentlemen it doesn&#146;t look like we have any further questions from the audience. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Eddie Kuntz: Thank you very much. We appreciate your participation in the call today and as I said you&#146;ll get a lot more information when we file the
process statement in connection with this transaction. Again thank you all for your calling in today. That concludes our call. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Operator: Once again
ladies and gentlemen that does conclude our conference call for today. Thank you for joining. You may now disconnect. </P>
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