EMCOR Group, Inc. Subsidiary Awarded Contract For Modernization Of MTA New York City Transit Vent Plants
NORWALK, CONNECTICUT, April 17, 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 Welsbach Electric Corp. subsidiary has been awarded a contract to modernize the communications, controls, and mechanical systems for 11 Metropolitan Transit Authority (MTA) New York City Transit vent plants in Queens, New York.
Welsbach Electric is responsible for providing a new fiber optic communications network that will integrate Ethernet circuits from multiple vent plants to existing fiber nodes at local station communication rooms for remote controls and monitoring. The project also includes the development of control software, servers, and programmable logic controls developed and installed in NYC Transit’s Rail Control Center and engineering offices in Manhattan and its maintenance center in Brooklyn. This system is the prototype for future vent plant and pump room projects. In addition, instrumentation and controls will be developed and installed at each vent plant location, new damper controls, supervisory control panels, and tunnel ventilation fans will be provided, and vibration testing will be performed to insure the integrity of the new tunnel ventilation fans installation. Welsbach Electric is also responsible for the electrical, architectural, and civil/structural work on the project.
“For over 100 years we have been working with many agencies within New York City and state, including New York City Transit, to provide electrical and mechanical construction services to power the infrastructure that makes the city run smoothly. We look forward to getting started on this latest project,” said Keith Carney, President and CEO of Welsbach Electric.
About EMCOR Group, Inc.
A Fortune 500 company with over $5.9 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 reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations worldwide.
The 29,000 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 2007 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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