NORWALK, CONNECTICUT, December 10, 2007 - EMCOR Group, Inc. (NYSE: EME), a Fortune 500® leader in mechanical and electrical construction, energy infrastructure and facilities services for a diverse range of businesses globally, announced a number of new transportation related contracts that it had been awarded across the country.
"Economic growth requires an efficient and effective transportation system," said Frank T. MacInnis, Chairman and CEO of EMCOR Group. "EMCOR has long experience in the supply of electrical and mechanical systems that support lighting, surveillance and control operations for critical transportation infrastructure across the country. Recent contract awards reflect our experience and strong reputation in the transportation sector, and provide EMCOR with increased contract backlog that will contribute to our continued expansion in this significant aspect of our business."
By building and supporting technical electrical and mechanical systems that are an integral part of the infrastructure for airports, bridges, highways, rail, traffic control, and street lighting, EMCOR's work in the transportation sector brings together aspects of its industry leading capabilities and provides long-term solutions for sophisticated operations and systems.
EMCOR's recent project awards in the transportation sector include:
New York City Department Of Transportation (New York City) - EMCOR subsidiary Welsbach Electric is responsible for the complete electrical rehabilitation of the Roosevelt Island Lift Span Bridge, the only vehicular link to Roosevelt Island in New York City. The project requires the installation of new switchgear, submarine cables, bridge control system, traffic control system, navigation lights and a backup generator.
O'Hare North Airfield (Chicago, IL) - Gibson Electric, an EMCOR subsidiary, is handling the fiber optic loop system installation in buildings, towers and ductbanks associated with the O'Hare Modernization Program at O'Hare Airport in Chicago. The project consists of construction of two new remote transmitter receiver sites for the FAA, construction of a new North Airfield Airport Surveillance radar system, construction of new duct banks at various locations for routing over 220,000 feet of fiber-optic transmission line, and connection and testing of the new fiber-optic transmission system.
Golden State Freeway Automated Traffic Surveillance and Control Project (Los Angeles, CA) - EMCOR subsidiary Dynalectric is responsible for the replacement in Los Angeles of signal controllers and the installation of conduit, fiber optic cable, video cameras and poles, pavement embedded loop detectors, and video and data communication equipment from the 118 Freeway to the 210 Freeway in Los Angeles. Some intersections require replacement or additions to traffic signals, vehicle and pedestrian heads and actuation loops that are intended to enhance the safety of motorists and pedestrians.
Fresno Yosemite International Airport Rental Car Facility (Fresno, CA) - Contra Costa Electric, an EMCOR subsidiary, is responsible for the electrical work related to the new construction of an airport rental car facility at the Fresno Yosemite International Airport. Scope for work includes underground conduit for future security and preferred customer booths, site lighting, walkway canopy lighting, and all other electrical panels required.
Utah Transit Authority Commuter Rail (Salt Lake City, UT) - EMCOR subsidiary Wasatch Electric is responsible for the electrical work on all stations (a total of nine) involved in the first, northern segment of a multi year project to construct a heavy, 90 mile commuter rail along the Wasatch front, running from Salt Lake City north to Ogden, Utah.
About EMCOR Group, Inc.
A Fortune 500 company with over $5.0 billion in
annual revenues, EMCOR Group, Inc. (NYSE: EME) is a global leader in
mechanical and electrical construction, energy infrastructure, and
facilities services. EMCOR gives life to new structures and sustains
life in existing ones by its planning, installing, operating and
maintaining the sophisticated and dynamic systems that create facility
environments---such as electrical, mechanical, lighting, air
conditioning, heating, security and power generation systems---in
virtually every sector of the economy and for a diverse range of
businesses around the world. EMCOR represents a rare combination of
global reach with local execution, combining the strength of an
industry leader with the knowledge and care of 140 locations
worldwide. The 27,000 skilled employees of EMCOR have made the
company, in the eyes of leading business publications, amongst
America's "Most Admired" and "Best Performing." EMCOR's diversity---in
terms of the services it provides, the industries it serves and the
geography it spans---has enabled it to create a stable platform for
sustained results. The Company's strong financial position has enabled
it to attract and retain among the best local and regional talent, to
undertake and complete the most ambitious projects, and to redefine and
shape the future of the construction and facilities services industry.
This release may contain certain forward-looking statements within the meaning of the Private Securities Reform Act of 1995. Any such comments are based upon information available to EMCOR management's perception thereof, as of this date, and EMCOR assumes no obligation to update any such forward-looking statements. These forward-looking statements may include statements regarding market opportunities, market share growth, gross profit, project mix, projects with varying profit margins, and selling, general and administrative expenses. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Accordingly these statements are no guarantee of future performance. Such risk and uncertainties include, but are not limited to, adverse effects of general economic conditions, changes in the political environment, changes in the specific markets for EMCOR's services, adverse business conditions, availability of adequate levels of surety bonding, increased competition, unfavorable labor productivity, mix of business, and risks associated with foreign operations. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2006 Form 10-K, its Form 10-Q for the third quarter ended September 30, 2007, and in other reports filed from time to time with the Securities and Exchange Commission. All these risks and factors should be taken into account in evaluating any forward-looking statements.
FOR:
EMCOR GROUP, INC.
CONTACT:
Mava Heffler
Vice President, Marketing & Communications
203-849-7814
Linden Alschuler & Kaplan, Inc.
Media: Josh Epstein
212-575-4545
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