EMCOR Group, Inc. Subsidiary Awarded Contract for Installation of Electrical Systems for the Los Angeles Department of Transportation Automated Traffic Surveillance and Control Project
NORWALK, CONNECTICUT, December 20, 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, as previously reported during its October, Third Quarter 2011 Earnings Call, its Dynalectric Los Angeles subsidiary has been awarded a contract for the Coliseum/Florence region for the Automated Traffic Surveillance and Control (ATSAC) project for the City of Los Angeles. To facilitate an orderly completion of the ATSAC project, the City of Los Angeles was divided into 36 geographical areas; each area was phased into the entire ATSAC system. This project is the last to be completed; with its completion, all signals in Los Angeles will be tied into the citywide computer controlled traffic signal system.
Dynalectric will be responsible for upgrading and/or replacing 72 traffic signal controllers involved in the Coliseum/Florence II ATSAC project, including various modifications to existing traffic signal poles, gear, and wiring at all locations. Scope of work includes installation of over 8 1/2 miles of underground conduits and fiber optic cables; seven video surveillance cameras and loop detectors installed for vehicle traffic, including bus loops, video and data communication equipment.
"We are pleased to continue our work with Los Angeles Department of Transportation on this citywide project, following the completion of other ATSAC work for the City of Los Angeles," stated Johnny Menninga, President, Dynalectric Los Angeles. "The scope of the work is vast, and is a wonderful fit for the expertise and breadth of experience we provide."
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 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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EMCOR GROUP, INC.
CONTACT: Mava Heffler
Vice President, Marketing & Communications
Linden Alschuler & Kaplan, Inc.
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212-575-4545 / 917-346-6123