EMCOR Group, Inc. Subsidiary Awarded Contract for Installation of Electrical Systems at Los Angeles International Airport
NORWALK, CONNECTICUT, November 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 November, Third Quarter 2010 Earnings Call, its Dynalectric Los Angeles subsidiary has been awarded a contract for the installation of all electrical systems for a new concourse terminal at the Los Angeles International Airport/LAX, in Los Angeles, California.
Dynalectric will be responsible for the installation of all electrical systems for the Bradley West Core, a new replacement concourse with 19 new gates and will accommodate docking for the Airbus A380, a new and extremely large aircraft capable of carrying 525 people. Scope of work includes providing and installing the complete electrical system, consisting of switchgear, light fixtures with lighting control system package, and emergency uninterruptible power source. Dynalectric will also provide automatic transfer switches for the emergency system, as well as the structured cabling, data, WIFI, and electronic display systems for both flight and customs/border patrol. Additionally, Dynalectric will install all common use systems, such as paging, access control, video surveillance, fire alarm and life safety, and the laser air sampling system.
"As the primary airport serving Los Angeles, the second largest populated metro area in the U.S., this is a significant project at LAX for which we are honored to have been selected," stated Chris Pesavento, President and CEO of Dynalectric. "With people from around the world flowing throughout the terminal daily, we are proud to know that millions of people a year will be impacted by the work that Dynalectric will be performing."
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 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 third quarter ended September 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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