MERIDEN, CONNECTICUT, August 24, 2010 - 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, as previously reported during its July 2010, Second Quarter 2010 Earnings Call, its Tucker Mechanical subsidiary has been awarded a contract for the installation of mechanical systems at the Westfield Trumbull Mall in Trumbull, Connecticut.
Tucker Mechanical will be responsible for the installation of a complete chilled water system to replace the existing direct expansion cooling system. The project includes a new chilled water plant including three centrifugal chillers, cooling towers, associated pumping and ancillary equipment, and a mall-wide chilled water distribution piping system of approximately 12,000 feet with outlets to serve both the base mall equipment and tenants. Tucker Mechanical will also replace 18 base HVAC direct expansion rooftop units, which range from 10 to 40 tons, with chilled-water cooled units.
Westfield Group is the world's largest publicly listed retail property group by equity market capitalization and has a global portfolio of 119 high quality regional shopping centers (with approximately 23,700 retailers) in Australia, New Zealand, the United States and United Kingdom.
"We're pleased to have been selected by the Westfield Group to work on this project at the Westfield Trumbull Mall," said Robert Turner, President and CEO of Tucker Mechanical. "Tucker is a well established and recognized leader delivering high quality mechanical construction services for clients across diverse industries, and nothing is more gratifying than knowing we will be satisfying both our client and its customers."
A Fortune 500 company with estimated 2010 revenues of $5.0 billion, EMCOR Group, Inc. (NYSE: EME) is a global leader in mechanical and electrical construction, energy infrastructure, and facilities services. A leading provider of critical infrastructure systems, EMCOR gives life to new structures and sustains life in existing ones by its planning, installing, operating, maintaining, and protecting the sophisticated and dynamic systems that create facility environments---such as electrical, mechanical, lighting, air conditioning, heating, security, fire protection, and power generation systems---in virtually every sector of the economy and for a diverse range of businesses, organizations and government. EMCOR represents a rare combination of broad reach with local execution, combining the strength of an industry leader with the knowledge and care of 170 locations. The 26,000 skilled employees of EMCOR have made the company, in the eyes of leading business publications, amongst the "World's Most Admired" and "Best Managed". 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. Additional information on EMCOR can be found at www.EMCORGroup.com.
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 and its 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, backlog 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 and mix of business. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2009 Form 10-K, its Form 10-Q for the second quarter ended June 30, 2010, 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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Media: Suzanne Dawson/Cecile Fradkin
Linden Alschuler & Kaplan, Inc.