NORWALK, CONNECTICUT, January 29, 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, today announced the launch of EMCOR360 Energy Solutions, an innovative new product that allows facility owners and operators to better manage their energy budgets by analyzing usage data and implementing solutions to enhance overall performance of their energy usage systems.
The EMCOR360 system, which collects data from a variety of points between a facility's components and system controls, is a product-neutral process that can accommodate any equipment brand or model. The data is transmitted to an EMCOR team that identifies less-than-optimum system operations and areas with a high cost-saving potential. Based on this information, EMCOR's Certified Energy Managers apply their critical knowledge and expertise to create solutions for facility owners and operators. This web based, real-time process of collecting and analyzing data repeats continually, offering the opportunity for continuous improvement in energy savings.
"By targeting areas with the greatest potential for improvement, EMCOR360 typically allows customers to realize energy savings of between 5 and 15 percent by reducing energy consumption, improving operating efficiencies, and enhancing building performance," said Frank T. MacInnis, Chairman and CEO of EMCOR Group. "We get to the root cause of problems and allow facility owners to see significant payback within a one to two year period."
The reporting process for EMCOR360 is flexible and can be customized to the specific needs of a range of recipients, from CFOs, to facility managers, to equipment operators. Whether the goal is optimal comfort and convenience, LEED accreditation, or reduced energy costs, EMCOR360's effectiveness is driven by the data it collects, based on the specific needs of each facility and the expertise that drives the entire process.
"Although we use advanced technology to extract energy-use data from system components, EMCOR360 is more than just a software solution," stated Mr. MacInnis. "Data means little without context, and that's where we make the difference. Our experts are able to apply a broad range of knowledge in order to recommend the best solutions."
EMCOR 360 is powered by Utilivisor, software licensed from Utility Program and Metering company.
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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