About Stabilis Solutions

Stabilis Solutions, Inc. and its subsidiaries (Stabilis) is an energy transition company. The company provides turnkey clean energy production, storage, transportation and fueling solutions primarily using liquefied natural gas (LNG) to multiple end markets. The company has safely delivered over 420 million gallons of LNG through more than 43,000 truck deliveries. The company defines small-scale LNG production to include liquefiers that produce less than 1.0 million LNG gallons per day and small-scale”LNG distribution to include distribution by trailer or tank container up to 10,000 LNG gallons or marine vessels that carry less than 8.0 million LNG gallons (30,000 cubic meters of LNG). The company provides LNG solutions to customers in diverse end markets, including aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power and utility markets. The company also builds power and control systems for the energy industry in China through its 40% owned Chinese joint venture, BOMAY Electric Industries, Inc (BOMAY). The company generates revenue by selling and delivering LNG to its customers, renting cryogenic equipment and providing engineering and field support services. The company sells its products and services separately or as a bundle depending on the customer’s needs. LNG Production and Sales—The company owns and operates a liquefier that can produce up to 100,000 LNG gallons per day in George West, Texas and a liquefier that can produce up to 30,000 LNG gallons per day in Port Allen, Louisiana. The company also purchases LNG from third-party production sources, which allows it to support customers in markets. The company makes the determination of LNG and transportation supply sources based on the cost of LNG, the transportation cost to deliver to regional customer locations, and the reliability of the supply source. Transportation and Logistics Services—Stabilis offers its customers a virtual natural gas pipeline by providing turnkey LNG transportation and logistics services in North America. The company delivers LNG to its customers’ work sites from both its own production facilities and its network of approximately 30 third-party production sources located throughout North America. The company owns a fleet of cryogenic trailers to transport and deliver LNG. The company also outsources similar equipment and transportation services for LNG from qualified third-party providers as required to support its customer base. Cryogenic Equipment Rental—Stabilis operates a fleet of approximately 205 mobile LNG storage and vaporization assets, including: transportation trailers, electric and gas-fired vaporizers, ambient vaporizers, storage tanks, and mobile vehicle fuelers. The company also owns several stationary storage and regasification assets. The company is one of the largest fleets of small-scale LNG equipment in North America. The company’s fleet consists primarily of trailer-mounted mobile assets, making delivery to and between customer locations more efficient. The company deploys these assets on job sites to provide its customers with the equipment required to transport, store, and consume LNG in their fueling operations. The company’s equipment is designed specifically for use in small-scale LNG applications and includes the safety and operational features that its customers and its regulators require. Engineering and Field Support Services—The company has also developed many processes and procedures that improve its customers’ use of LNG in their operations. The company’s engineers help its customers design and integrate LNG into their fueling operations and its field service technicians help its customers mobilize, commission and reliably operate on the job site. The company plans to leverage this experience to grow its business by investing in new production and distribution assets throughout North America. Customers Stabilis serves customers in a variety of end markets, including aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power and utility markets within North America. The company serves approximately 50 customers. For the year ended December 31, 2022, Aggreko Plc and Minera Penmont each accounted for more than 10% of the company’s revenues. Through its 40% interest in BOMAY, the company provides power and control systems for the land drilling and production market in China. Sales and Marketing Stabilis markets the company’s products and services primarily through its direct sales force, which includes sales representatives covering all of its major geographic and customer markets, as well as attendance at trade shows and participation in industry conferences and events. The company’s technical, sales and marketing teams also work closely with federal, state and local government agencies to provide education about the value of natural gas as a fuel and to keep abreast of proposed and newly adopted regulations that affect its industry. Intellectual Property The intellectual property portfolio of Stabilis and its subsidiaries includes patents and trademarks. The company has a patent in both the U.S. and Canada for the use of natural gas for well enhancement. The company has one pending application in Mexico for the use of natural gas for well enhancement. The company has two patents for rotary fluid processing systems and a U.S. patent for a gas processing system. The last patent to expire in the U.S. will expire in July 2038, absent any adjustments or extensions. The company has ten U.S. trademark registrations and one foreign trademark registration (Canada). Government Regulation and Environmental Matters Stabilis has the ability to import or export LNG from the United States to Mexico and Canada via truck. In support of its business in Mexico, the company maintains an export license from the United States Department of Energy (DOE) and maintain import permits to bring the LNG into the country. In support of its business in Canada, Stabilis maintains an import and export license from the DOE and from the National Energy Board of Canada (NEB). The company also maintains an Emergency Response Action Plan (ERAP) with Transport Canada. History Stabilis Energy, Inc., a Florida corporation, was founded in 2013.