EMCOR Group, Inc. Subsidiary Receives Contract For Installation Of Process Piping Systems At Constellation Energy's Brandon Shores Power Plant
NORWALK, CONNECTICUT, February 24, 2009 - 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 Poole and Kent Corporation subsidiary has been awarded a contract for the installation of process piping systems at Constellation Energy's Brandon Shores Power Plant located in Baltimore, Maryland.
Poole and Kent's work will involve the installation of more than 75 piping systems associated with the construction of a new Air Quality Scrubber system (flue gas desulfurization process 'FGD', or "wet scrubbers"). The carbon steel, fiberglass, rubber-lined, and stainless steel piping to be installed throughout the new facility by Poole and Kent includes, in part, power plant air, control air, oxidation air, make-up water, hydrocyclone, and missed eliminator systems.
"We are very pleased to be a part of this highly complex and environmentally focused upgrade to the Brandon Shores facility and are proud to be working on a project that will help control air pollution and maintain a safe, eco-friendly environment," said Adam Snavely, President and CEO of The Poole and Kent Corporation. "Constellation Energy expects that this three-year upgrade project will result in a 95 percent reduction in the sulfur dioxide emissions at its Brandon Shores plant."
About EMCOR Group, Inc.
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 third quarter ended September 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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