EMCOR Group, Inc.'s New British Airways Contract Continues Expansion of Company's Work in Airline Industry
--- Continues Company’s Broad And Longstanding Service For The Airline Industry ---
NORWALK, CONNECTICUT, June 19, 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 EMCOR UK has been awarded a three-year extension to its facilities management services contract for British Airways (“BA”). Today’s announcement follows EMCOR UK’s recent appointment as a strategic partner to BA; the contract will now also cover responsibility for managing and maintaining facilities for the airline at the new Terminal 5 at London’s Heathrow Airport.
EMCOR UK services over 8.6 million square feet of space occupied by BA at 100 separate facilities in the UK. These include passenger lounges, industrial buildings, cargo centers, hangars and offices as well as BA’s 280-acre headquarters in London. EMCOR UK will be responsible for a wide range of facilities services and management, including the critical systems directly affecting aircraft, asset management, energy efficiency, helpdesk operations, security, cleaning, reception desks, engineering maintenance, and grounds maintenance.
“EMCOR takes great pride in providing British Airways the systems that it counts on to be consistently reliable, so it can focus on its core business----serving its customers by getting people where they need to go,” said Frank T. MacInnis, Chairman and CEO of EMCOR Group. “We look forward to continuing our longstanding relationship with BA, giving it the ‘first class’, added value service required in order to meet its business and strategic objectives.”
“We describe ourselves as an intelligent client. We manage the contract and EMCOR UK adds real value, helps us manage risk, and has an outstanding track record for driving down costs year-on-year over the last decade. EMCOR UK is a strategic partner and with us for the long haul,” commented Bryan Mitchell, Manager of British Airways Property Operations.
The majority of EMCOR Group’s 70 operating companies have performed work at airports and for airlines and airport service providers in the United States, Canada and the United Kingdom over the last several years. The Company has numerous long-term relationships in this sector, from Miami International Airport to SeaTac International Airport in Seattle, providing clients a full array of design/build, electrical and mechanical construction, facilities services, life safety, and fire safety services.
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 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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EMCOR GROUP, INC.
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Mava Heffler
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