Ability Engineering Technology

company

About

AET focuses on providing engineered, cryogenic, and process equipment and precision-machined parts.

  • 11 - 50

Details

Last Funding Type
Debt Financing
Industries
Industrial Engineering,Industrial Manufacturing,Machinery Manufacturing,Manufacturing,Mechanical Engineering
Founded date
Jan 1, 1947
Number Of Employee
11 - 50
Operating Status
Active

AET is an engineering, design, and manufacturing company that focuses on providing engineered, cryogenic, and process equipment and precision-machined parts for application within the energy, industrial, and scientific market segments.

It specializes in the design of customized vessels and piping assemblies used in a variety of temperature and pressure ranges, which includes cryogenic applications. Furthermore, as a fully certified ASME Code Section VIII Division 1 facility, the company has only ASME-certified welders. In addition to providing quality product and workmanship throughout the process, AET includes a full document package with each shipment. A sample of AET’s document package structure can be provided upon request.

The majority of the company's solutions are used throughout the liquid-gas supply chain for the purification, liquefaction, distribution, storage, and end-use of gases and hydrocarbons. This includes cryogenic transfer, storage, and processing such as vacuum insulated piping, dewars, valve boxes, and expansion cans. In addition to vessels and cryogenic equipment, AET designs and manufacture precision-machined and water-jet cut parts.

It is founded in South Holland, Illinois.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
Ability Engineering Technology has raised a total of — in funding over 2 rounds. Their latest funding was raised on Nov 9, 2017 from a Debt Financing round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Nov 9, 2017 Debt Financing 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
Ability Engineering Technology is funded by 1 investors. Advantage Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Advantage Capital Debt Financing