NORWALK, CONNECTICUT, August 12, 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 today that its EMCOR Energy Services (EES) subsidiary has been awarded a series of contracts for work at the University of New Hampshire (UNH). The new contracts build upon a relationship between EES and UNH established in May 2004 when EES designed, constructed, and began to maintain a cogeneration plant and chilled water facilities at the University's main campus in Durham, NH so as to maximize its energy efficiency and ensure continuity of its energy requirements. Ranked in the top five percent for energy efficiency among colleges and universities by the U.S. Department of Energy, UNH is one of the nation's leading sustainable universities. UNH was also recently named by Princeton Review as one of the top 11 sustainable universities in the nation. Further, UNH was also recently ranked by the 2009 Kaplan College Guide as one of the top 25 environmentally responsible schools in the country.
Under the newly awarded installation contracts, EES will provide the design, engineering, procurement, construction management, construction installation, and commissioning support associated with a turbine generator, fuel gas compressor, and all ancillary equipment, as well as modification of existing plant equipment to operate on processed landfill gas. The turbine generator installed by EES will burn processed landfill gas, and which will be connected to the local electric utility, entitling UNH to receive renewable energy ("green") credits.
"We are extremely proud to continue our relationship and important work with UNH as we support its goal to become the one of the greenest universities in the country and, in doing so, continuing to pave the way with their energy sustainability initiatives", said Art Strenkert, President, EMCOR Energy Services. "Because our commitment to sustainable energy is unparalleled, we will continue to provide businesses and facilities in all sectors with energy sustainable development, construction and maintenance services."
A Fortune 500 company with estimated 2008 revenues of $6.8 - $7.0 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 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 30,000 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 2007 Form 10-K, its Form 10-Q for the second quarter ended June 30, 2008, 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.
EMCOR GROUP, INC.
Vice President, Marketing & Communications
Linden Alschuler & Kaplan, Inc.
Media: Suzanne Dawson/Cecile Fradkin