NORWALK, CONNECTICUT, March 23, 2009 - 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, reported that as previously noted on its 2/26/09 Fourth Quarter Earnings Call, its Comstock Canada subsidiary has received contracts from Bruce Power in connection with a major refurbishment of nuclear generators at the Bruce A Power Plant in Tiverton, Ontario.
Comstock Canada will be responsible for providing mechanical and electrical construction services supporting the refurbishment of the facility's four 900 MW class CANDU type nuclear reactor units. The scope of work involves low-pressure service water and high-pressure recirculation water pipe replacement and flushing, in addition to the filed execution of the valve replacement program.
Bruce Power is Canada's first private nuclear generator. The 2,300-acre site houses the Bruce A and B generating stations, each of which holds four CANDU reactors. Six of those nuclear units are currently operational and combined produce more than 4,700 megawatts, enough to power 20 percent of the hospitals, homes and schools in Ontario.
"Comstock has had a significant and ongoing relationship with Bruce Power since we performed the removal and replacement of steam generators on Units 1 and 2 at its nuclear power generating facility, and then continued with activities in support of that facility," stated Geoff Birkbeck, CEO of Comstock Canada. "We are extremely pleased to be further expanding our relationship with Bruce Power and working on yet another highly technical project so important to Canada's future."
A Fortune 500 company with estimated 2009 base revenues of $6.0 - $6.3 billion, 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. 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 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. 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'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 2008 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.
# # #
FOR: EMCOR GROUP, INC.
Vice President, Marketing & Communications
Linden Alschuler & Kaplan, Inc.
Media: Suzanne Dawson/Cecile Fradkin