EMCOR Group, Inc. Subsidiary Receives Mechanical Systems Contract To Build Nanofiltration Water Facility in Jupiter, Florida
NORWALK, CONNECTICUT, January 24, 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 globally, announced that its subsidiary Poole & Kent Company of Florida has been awarded a contract to construct, equip and performance test a 14.5 million gallon-per-day nanofiltration water facility in Jupiter, Florida. The value of the contract is $36.6 million.
Poole & Kent Company of Florida will perform work on the following supportive structures and facilities, among others: nanofiltration and pretreatment buildings; pretreatment filtration, nanofiltration process, bulk chemical storage and transfer, and chemical feed equipment; nanofiltration cleaning facilities; electrical, instrumentation, and control systems; emergency generator and fuel storage and conveyance facilities; and ancillary building services including HVAC and plumbing.
“Towns and municipalities in Florida and across the country are requiring and demanding increasingly high-tech facilities and systems to address complex water resource challenges, which must be met in order to ensure the delivery of vital services to their citizens,” said Steve Jordan, President and CEO of Poole & Kent Company of Florida. “Water and particularly water treatment issues will persist as water shortages become more frequent as a result of aquifer depletion combined with the migration of the U.S. population south and west. As in Florida, EMCOR is uniquely positioned across the country to design, install and maintain innovative water solutions to contribute to the quality of life for millions of people.”
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 170 locations worldwide. The 28,000 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, its Form 10-Q for the third quarter ended September 30, 2007, 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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