EMCOR Government Services to Provide Operations and Maintenance for 14 Million Square Feet of Key Facilities in Washington, D.C. Area
NORWALK, CONNECTICUT, April 5, 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 that the Government Services business of EMCOR Facilities Services has been awarded a contract----that with renewal options, if exercised, can be extended for up to 10 years with a cumulative value of up to $120 million----to provide the United States Navy with base operations and maintenance services for the majority of its key facilities in the Washington, D.C. metropolitan area.
The project encompasses 19 facilities, comprised of approximately 14 million square feet, including the Washington Navy Yard, Bethesda Naval Medical Facility, Anacostia Naval Station, the Naval Observatory, and the Naval Research Laboratory. When fully staffed, this contract will require over 100 personnel, including supporting equipment, and a 24/7 call center.
Services covered in this contract include: management and administration; facilities support; electrical, mechanical, carpentry, air conditioning, plumbing and other shop support; equipment maintenance; and environmental services. In addition, under the contract, EMCOR Government Services is eligible to perform indefinite quantity work supporting additional special events and minor construction projects, as directed by the Navy.
"We are extremely proud to be awarded this flagship project by the Navy," said Frank T. MacInnis, Chairman and CEO of EMCOR Group. "Our Government Services business has long served the GSA, U.S. government and the Navy throughout the D.C. area, as well as recently expanding into the base operations support market at the Pacific Fleet's Western Puget Sound submarine base complex in the Seattle area. Our new contract with the Navy is a significant affirmation of the continued quality of our work and our industry-leading expertise in this area."
"We are delighted that EMCOR has been awarded this contract and look forward to partnering in providing increased quality and efficiency to Navy personnel and commands in the Washington metro area," said Maggie Gervais, Contracting Officer for NAVFAC Washington, when she made the notification of this award. "We are counting on EMCOR's expertise to help us improve the facilities throughout this area."
"EMCOR Government Services is honored to have been chosen by the United States Navy to provide it critical support in the D.C. area; we are confident that we will be able to significantly enhance the efficiency and effectiveness of its facilities", stated Michael W. Shelton, Vice President and General Manager of EMCOR Government Services.
EMCOR Government Services works with international, federal and state entities operating and maintaining critical government centers comprising approximately 100 million square feet that include: U.S. State Department headquarters; The World Bank; the Naval Academy; the General Services Administration's Ronald Reagan Building and International Trade Center; Langley Air Force Base; the National Foreign Affairs Training Center; the International Chancery; State of California Courts.
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. Additional information on EMCOR can be found at www.EMCORGroup.com.
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 Forms 10-Qs 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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