EMCOR Group, Inc. Subsidiary Awarded Contracts For Installation Of Electrical Systems At Riverside Energy Resource Center
NORWALK, CONNECTICUT, March 11, 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 February 2010, Fourth Quarter '09 Earnings Call, its Dynalectric San Diego and Dynalectric Los Angeles subsidiaries have been awarded contracts for the installation of electrical systems for the Riverside Energy Resource Center in Riverside, California.
Dynalectric San Diego and Dynalectric Los Angeles will be responsible for the installation, start-up and commissioning of all the electrical systems at the Riverside Energy Resource Center (RERC), built to address Riverside's growing demand for electricity. In 2004, the City of Riverside's Public Utilities Department constructed RERC Units 1 and 2, a 96-megawatt power generating plant. This new project will add two additional units (3 and 4), an additional 96-megawatts, to be constructed at the RERC site, and of the same size and configuration as Units 1 and 2. The power plant will consist of two gas turbine generators operating with an associated switchyard.
In addition to the traditional electrical scope of work, Dynalectric San Diego and Dynalectric Los Angeles will also be responsible for the installation of all systems, including the plant controls systems, as well as the installation of a lightning protection system, fire alarm system, security system, and tele/data and fiber optics systems. The project is scheduled for completion in October 2010.
"We and Dynalectric Los Angeles are very honored and excited to be part of this state-of-the-art project," said Philip Petersen, President and CEO of Dynalectric San Diego. "Being part of the community, we know the importance of the Riverside Energy Recourse Center Project; no better way to support the exacting and rigid specifications required than through the teaming of two EMCOR companies."
About EMCOR Group, Inc.
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 25,000 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, 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.
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Linden Alschuler & Kaplan, Inc.
Media: Suzanne Dawson/Cecile Fradkin