NORWALK, CONNECTICUT, September 11, 2008 - 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, announced that its EMCOR Government Services (EGS) unit has been awarded a contract by the U.S. Department of Homeland Security to provide facilities maintenance services to the U.S. Coast Guard's Training Center (TRACEN) in Yorktown, Virginia. This base is the largest training center in the U.S. Coast Guard, annually training over 50 percent of all Coast Guard active, reserve, auxiliary and international personnel, as well as other local, state and federal employees. The contract, which is EGS' first one with the U.S. Department of Homeland Security, will begin on October 1, 2008 with a base year and the option of extension for four successive one-year periods.
EMCOR Government Services will provide facilities maintenance, custodial, grounds and other services for TRACEN Yorktown. Based on ISO 9000-certified processes, and incorporating EMCOR360Ô Energy Solutions--a cost-reducing energy management product--the management approach that EGS undertakes will play a critical role in delivering TRACEN Yorktown an enhanced facilities program. EGS and its principal subcontractors will employ approximately 40 individuals to perform this contract.
"We are excited to have been chosen to support the U.S. Coast Guard as it continues to rapidly evolve to meet new challenges and play an increasingly vital role in Homeland Security," said Michael Shelton, President, EMCOR Government Services. "We appreciate the confidence that TRACEN Yorktown has shown in EMCOR Government Services; we look forward to implementing our management program that we believe matches the U.S. Coast Guard's vision of excellence."
A Fortune 500 company with estimated 2008 revenues of $6.8 - $7.0 billion, 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 reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations worldwide. The 30,000 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 2007 Form 10-K, its Form 10-Q for the second quarter ended June 30, 2008, 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.
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FOR:
EMCOR GROUP, INC.
CONTACT:
Mava Heffler
Vice President, Marketing & Communications
203-849-7814
Linden Alschuler & Kaplan, Inc.
Media: Suzanne Dawson/Cecile Fradkin
212-575-4545
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