---EMCOR Facilities Services’ Nationwide Projects Help Customers Reduce Costs And Increase Their Competitive Edge---
NORWALK, CONNECTICUT, September 12, 2006 – EMCOR Facilities Services (EFS), a subsidiary of 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 it has been awarded several major new projects in both the public and private sectors. These projects involve the maintenance, upgrading, management and operation of “mission critical” facilities across the country and highlight EMCOR’s expertise in providing a wide range of high quality, consistent and reliable facilities services solutions.
“There is no doubt that there’s a high degree of expertise required to properly maintain and optimize today’s sophisticated facilities”, said Frank T. MacInnis, Chairman and CEO of EMCOR. “Because facilities are among the most significant assets and cost centers of virtually every organization, our customers continue to seek innovative ways to manage their facilities expenditures more effectively. By taking over responsibility for facilities management so our customers can concentrate on their core businesses, we are assisting them in gaining a competitive edge.”
EMCOR’s new facilities services projects include:
The World Bank (Washington, D.C.) – EFS has been awarded a five year (with four option years) contract to provide facilities management services for The World Bank’s 3.8 million square feet of space in Washington, D.C. These services will encompass three major support categories: building infrastructure (supporting World Bank’s engineering staff in operations and maintenance services), building services (combining EFS trained staff with specialized subcontractors for cleaning and landscaping), and facilities management help desk services (supporting approximately 10,000 employees working in The World Bank’s four major headquarters buildings).
As part of the project, EFS will manage a delivery team of over 200 experienced professionals, providing a solution that effectively streamlines the activities of various contracts by reducing by two-thirds the number of specialty contractors serving The World Bank. Core components of the Company’s streamlined approach include using cross-trained EFS personnel to assume significant portions of the scope of work, managing a select group of subcontractors through a standard EFS quality management program, and utilizing the technical capabilities of one of EMCOR’s local Washington-area subsidiaries to provide services to The World Bank’s life safety systems, emergency generators and chillers.
Lackland Air Force Base (Lackland, Texas) – Recognizing the leading edge capabilities of integrating facility management, engineering, and construction entities into asingle design/build team,the United States Air Force has awarded EFS a contract to provide system improvements, boiler replacement and upgrading of air-handling units to the United States Air Force Wilford Hall Medical Center located at Lackland AFB. One of EMCOR’s local subsidiaries is serving as the general contractor and will manage the modernization of these HVAC systems.
Stop and Shop Supermarkets – EFS will provide general maintenance services to 280 supermarkets in Massachusetts, Rhode Island and Connecticut, under the terms of this 38-month contract award. General maintenance services will be supported by the deployment of 35 mobile technicians located across EMCOR’s local subsidiaries, with the goal of developing a predictive maintenance approach. EFS is transitioning into its organization 47 Stop and Shop employees, including full-time technicians and management personnel.
Bureau of State Office Buildings (Commonwealth of Massachusetts) – The Bureau of State Office Buildings has awarded EFS a three-year contract that includes 24/7 remote monitoring for over 1.8 million square feet in Boston, Massachusetts. This four-building complex, referred to as the Boston Government Center, includes the McCormack Building, the Massachusetts State House, the Charles Hurley Building and the Erich Lindemann Building. EFS will also provide mechanical and electrical operations and maintenance services.
EFS currently operates and maintains over one billion square feet of space internationally for some of the world’s most respected companies, prominent government agencies and major universities. Providing services to over 150 buildings in the D.C. area, EMCOR Facilities Services counts The State Department, Ronald Reagan Building and International Trade Center, the Smithsonian’s new Udvar-Hazy Air and Space Museum at Dulles International Airport, and The FDIC Headquarters among its many clients.
About EMCOR Facilities Services
EMCOR Facilities Services, Inc. provides comprehensive engineering and technical consulting services, ranging from mechanical system design to forensic engineering to environmental regulatory compliance consulting, for buildings and business of all types. EFS operates and maintains over one billion square feet of space for some of the world's most respected companies and major universities. The company provides both on-site and mobile service solutions supported by centralized knowledge and response centers, a nationwide network of locations, and fully equipped vehicles manned by experienced, multi-skilled technicians. Headquartered in Arlington, VA, EFS is a wholly owned subsidiary of EMCOR Group, Inc. (NYSE:EME), a Fortune 500® company with over $4.7 billion in annual sales and a global leader in mechanical and electrical construction and facilities services. EMCOR gives life to new structures and sustains life in existing ones by planning, installing, operating and maintaining sophisticated and mission critical systems in virtually every sector of the economy and for a diverse range of businesses around the world. EMCOR’s “knowledge in action”, a rare combination of global reach and local execution, combines the strength of an industry leader with the knowledge and care of over 26,000 skilled employees at 70 local operating companies in 140 locations worldwide.
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 2005 Form 10-K, its Form 10-Q for the second quarter ended June 30, 2006, 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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