EMCOR Group, Inc. Subsidiary Awarded Contract For Installation Of The Electrical Systems For Port Of Long Beach Middle Harbor Redevelopment Project
NORWALK, CONNECTICUT, April 25, 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 Los Angeles subsidiary has been awarded a contract to install the electrical systems for the Middle Harbor Redevelopment Project, Piers D, E, and F, at the Port of Long Beach, California.
Dynalectric Los Angeles will be responsible for the complete installation of electrical systems as part of the initial phase of the Middle Harbor Redevelopment Project, which will include the building of wharfs and dredging one slip and filling in another, and will result in power being provided to moored container ships so that they do not have to run their diesel engines while at dock. Dynalectric will install the infrastructure of shore power, so that power can be provided to ships, cranes, and area lighting. Scope of work for Dynalectric includes excavation and installation of 260,000 feet of underground concrete encased conduit, underground pre-cast pull boxes, pre-cast vaults, pre-cast manholes, and a pre-cast tunnel vault. Additionally, Dynalectic will install a Main Terminal Substation and a Shore to Ship Substation.
"We are delighted to have been selected to play a role in execution of this landmark project and to help in the combined development of the Port of Long Beach," stated Chris Pesavento, President and CEO of Dynalectric Los Angeles. "Having the expertise to manage the scope, scale, and scheduling of such a significant undertaking as this project is something in which we specialize and excel."
About EMCOR Group, Inc.
A Fortune 500 company with estimated 2011 revenues of $5.3B - $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 24,000+ 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.
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 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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