EMCOR Group, Inc. Subsidiary Awarded Contract For Installation Of Pump Station Power Systems For The U.S. Army Corps Of Engineers Picayune Strand Restoration Project
NORWALK, CONNECTICUT, August 23, 2011 – 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 Dynalectric Company subsidiary has been awarded a contract for the installation of the power distribution systems for the Pump Station at the Faka Union Pump Station for the U.S. Army Corps of Engineers Picayune Strand Restoration Project, in Collier County, Florida. Dynalectric Company joins EMCOR subsidiary Harry Pepper & Associates, Inc., which was awarded a contract for the construction and installation of the Pump Station, as announced in December, 2010.
Dynalectric Company will be responsible for furnishing and installing all of the power distribution systems for the Picayune Strand Restoration Project, part of the comprehensive Everglades Restoration Plan. The project, which will help restore the area to its pre-drainage hydrology and ecology, will generate positive effects on the hydrology, vegetation and wildlife of the project area and surrounding public lands, according to the Army Corps of Engineers. The scope of work to be performed by Dynalectric includes installation of all switchgear, motor control centers, grounding cable system, lighting, uninterrupted power service equipment, and lightning protection. Addtionally, Dynalectric's scope of work includes installing local and station programmable logic controllers to control and monitor all ancillary mechanical equipment, as well as the installation of monitoring and control computers and a remote terminal unit system for the control room operator work station.
"Dynalectric is proud to play a role on the comprehensive Everglades Restoration Plan for southern Florida; it's gratifying to be participating in a project that will have such long-lasting and meaningful impacts for the future of the state and its residents," stated Jim DiLullo, President of Dynalectric Company. "Our scope of work plays to Dynalectric's strengths and the depth and diversity of our team's experience."
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2011 revenues of ~$5.5B, 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 and that the USM business will not be integrated successfully and that the cost savings from the USM transaction may not be fully realized or may take longer to realize than expected or that disruption from the transaction may make it more difficult to maintain relationships with customers, employees or suppliers. Certain of the risks and factors associated with EMCOR's business are also discussed in the Company's 2010 Form 10-K, its Form 10-Q for the second quarter ended June 30, 2011 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.